Power and automation company’s revenues amounted to SEK 9,165 billion (10 190), compared with analysts’ expectations of $ 8.954 billion.
Analysts had on average calculated with an operational EBITA of $ 1.014 billion, according to SME Direkt compilation.
The order intake limit of $ 8.996 billion (10 567). SME forecast at this point stood at $ 8.876 billion.
ABB basorderingång, orders worth less than $ 15 million, down 2 percent in local currencies and 14 percent in dollar terms in the second quarter, compared to what the company describes as a strong second quarter in 2014, according to semi-annual report.
Growth in China is expected to continue but at a slower pace than in 2014, writes the ABB under “short-term prospects” in the interim report.
As regards ABB’s order intake during the second quarter indicates company to lower demand in China due to slower growth in sectors such as energy, construction and process.
“As expected, reflecting our order development a tougher market and weaker demand in the oil and gas, in China and in the United States compared with a strong second quarter last year, “the president Spiesshofer in the report.
Base orders increased in Low Voltage Products and remained stable in Power Products but decreased in the other three divisions.
ABB’s total orders fell by 4 percent organic and 15 percent in dollars during the quarter.
Large orders, which refers to orders worth $ 15 million or more, accounted for 12 percent of order intake, compared with 14 percent a year ago.
Service Order intake portion of the total order intake was 18 per cent (17).
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