ABB Ltd ( (CH:ABBN) ) has provided an announcement.
ABB Ltd reported a strong start to 2025 with a 3% increase in orders and a 1% rise in revenues for the first quarter, despite a challenging global business environment. The company achieved a 20.2% operational EBITA margin and announced plans to spin off its Robotics division to optimize value creation. ABB is also investing $120 million to expand its U.S. manufacturing sites, reflecting its commitment to local production and the growing demand for electrification technologies. The company continues to focus on sustainability, nearing its 2030 CO2e emissions reduction target and maintaining a low Lost Time Injury Frequency Rate.
More about ABB Ltd
ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By leveraging its engineering and digitalization expertise, ABB helps industries enhance performance, efficiency, productivity, and sustainability. The company has a history of over 140 years and employs around 110,000 people worldwide. ABB’s shares are listed on the SIX Swiss Exchange and Nasdaq Stockholm.
YTD Price Performance: -13.22%
Average Trading Volume: 578,969
Technical Sentiment Signal: Hold
Current Market Cap: CHF76.27B
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