ABB Electrification Unit Powers Ahead While Automation Lags
- CEO Wierod to start new buyback, plans more acquisitions
- Investors worry over free cash flow outlook, margin concerns
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ABB Ltd.’s orders rose in the fourth quarter, as demand for power hungry data centers helped offset a slump in the Swiss manufacturer’s robotics, automation and electric-mobility businesses.
Orders climbed to $8.1 billion in the three months through December, a 7% increase from the same period a year earlier on a comparable basis, the Zurich-based company said Thursday. Net income rose 7%.