The 2020 Mid-Year Economic Update_long

ABB Sales Increase 1% in 2019

Profit decreased 34% to $1.4 billion.

Switzerland-based power and automation company ABB  reported full year sales for 2019 of $28 billion, an increase of 1% from 2018. Profit decreased 34% to $1.4 billion.

Fourth quarter sales were $7.1 billion, a decrease of 4% from the same period the previous year. Profit increased 3% to $325 million.

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