ABB 3Q Sales Up 29%

The Switzerland-based power and automation company reported sales of $7.9 billion, a 29% increase over the same period in 2020.
ABB 3Q Sales Up 29%

Switzerland-based power and automation company ABB on Thursday reported third-quarter sales of $7.9 billion, a 29% increase over the same period in 2020 and a 26% increase on a like-for-like basis in local currencies.

Revenues for the third quarter of 2021 were $7 billion, a 7% increase, while income from operations was $852 million.

Gross profit was $2.29 billion, a 25% increase over the third quarter in 2020.

For the first nine months of 2021, ABB sales were $23.6 billion, up 21% from $19.5 billion during the first three quarters of 2020.

Year-to-date 2021 gross profit is $7.07 billion, a 23% increase over the first nine months of 2020.

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