Stable Vs Q2 News

ABB Reports Steady Orders, Higher Revenues in Q3 2012

ABB report solid performance in an uncertain market in its third quarter 2012 financial report. •    Thomas & Betts contributed approx. ABB reported steady orders and higher revenues2 in the third quarter of 2012 despite a challenging macroeconomic environment, as the company benefited from its well-balanced market exposure, especially the improved access to the North American automation market gained through recent acquisitions. Power orders were lower than the year-earlier period, which included a large offshore wind order. Excluding that order, power orders rose 10 percent, driven by utility and industry investments in power transmission.