Bulging order books and the easing of semiconductor bottlenecks should give momentum to the Swiss electrical engineering group ABB in the second half of the year. “We no longer have the same problems with procurement, which means that we can increase our deliveries in the second half of the year,” said CEO Björn Rosengren. The first three weeks of the quarter got off to a strong start. “I’m optimistic about ABB’s performance for the rest of the year.” In the second quarter, the adjusted incoming orders of the Siemens rival rose by a fifth to 8.8 billion dollars. However, sales lagged behind with an increase of six percent.
Group – ABB expects more chips – economy
