Revenues in Q4 rose 16% (10% on an “organic” basis) and orders were up 17% (again, 10% “organic”) for ABB of Switzerland.
ABB said the order increase was “helped by increasing demand for low-loss power transmission systems in both mature and emerging markets.”
Revenues for 2011 were $37.99 billion, up 20% in U.S. dollars. Q4 revenues rose 15% in dollars, to $10.57 billion.
Stock-market valuation reaction: ABB stock, as traded on the NYSE, closed Dec. 31, 2011, at $18.83, according to Yahoo! Finance. The highest close since that date was $21.91 on Feb. 3. The final trade on Feb. 17 was $21.03, giving ABB stock a gain of 11.7% in six weeks.
For all of 2011, ABB took in $40.2 billion of orders—a record, according to the Financial Times.
ABB of Switzerland is currently in the process of buying Thomas & Betts.Tagged with tED