ABB expects to increase its 2024 sales by around 5%, the Swiss engineering company said on Thursday, as it reported fourth quarter sales ahead of expectations..
The group, a big supplier to industry, is seen as a bellwether for the broader global economy, with its products being used in ships, ports, factories and transport systems.
The maker of industrial drives and motors posted a 13% increase in its operational earnings before interest, tax and amortisation (EBITA) to $1.392 billion during the three months to Sept. 30, broadly in line with a company-gathered consensus of forecasts.
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