Description
In the second quarter, market demand in the power sector showed a complex trend. Businesses related to the integration of renewable energy and investment in improving grid reliability, especially those related to digitalization, continued to grow.
Large-scale investment in power grid fields such as long-distance transmission continues to be sluggish.
Based on the broad-spectrum coverage of the customer base, industrial demand is growing well this quarter. Investments from process industries such as oil and gas and mining continue to grow, and capital expenditures are mainly focused on
automation upgrades of existing projects. Continued focus on specific industries such as food and beverage and automotive has driven order growth in businesses such as ABB”s automation and robotic solutions.
Market demand in the transportation and infrastructure sectors has grown steadily, with outstanding orders in rail transit electrification, the construction industry and special ships. Business highlights for the quarter also included continued strong
growth in the data center and electric vehicle fast charging solutions businesses.
Sales revenue
In the second quarter, sales revenue increased by 1% year-on-year (up 5% in US dollars), and the Robotics and Motion Control Division and the Electrical Products Division maintained steady growth. Affected by the decline in order reserves at the
beginning of the year, the sales revenue of the Industrial Automation Division was flat year-on-year, while the sales revenue of the Power Grid Division declined.
Thanks to the leading ABB AbilityTM digital solution, service business sales revenue increased by 13% (16% in US dollars), accounting for 19% of total sales revenue from 17% in the same period last year.
Changes in exchange rates contributed to a 2% increase in sales revenue, and changes in business mix contributed to a 2% net increase in sales revenue.
“New Stage” Strategy
Since ABB implemented its “New Phase” strategy in 2014, it has focused on three major areas: profitable growth, comprehensive execution with no effort, and business-led cross-department cooperation. In the past few years, ABB has successfully
built four business divisions that are market-oriented and entrepreneurial; achieved major breakthroughs in the digital field through ABB Ability™; accelerated operational excellence; and strengthened ABB”s brand image.
ABB”s business units continue to drive profitable growth in key markets, leveraging new and existing ABB Ability™ end-to-end digital solutions to achieve a closed loop of connected devices based on the intelligent cloud. Each business unit continues to
focus on unremitting execution, maintain the current growth momentum, expand investment to promote growth, and closely link compensation with operating performance.
Now, with a leaner and stronger business portfolio, ABB will better seize market opportunities in more favorable market conditions. ABB”s technology comprehensively covers the power and industrial automation value chain and is used in various scenarios
from the power generation end to the power consumption end, from natural resource extraction to the completion of finished products.
Earnings growth
As part of its drive to drive profitable growth, ABB continues to expand its ABB Ability™ digital solutions, which now number more than 210, to meet the needs of customers in the power, industry, transportation and infrastructure sectors.
This quarter, ABB won an order from Danish green energy company Orsted to integrate offshore wind power into the British power grid. As part of the order, ABB will provide it with leading ABB Ability™ digital solutions to ensure the reliability
and operating efficiency of the power grid. In addition, ABB has reached cooperation with Yitai Group, a Chinese coal chemical enterprise. As the first order in a series of digital projects between the two parties, ABB will provide Yita with end-to-end ABB Ability™
digital solutions to significantly improve the production efficiency of its new factory.
XV-102-D6-57TVRC-10 Imported from Eaton’s original factory
XV-102-D8-70TWR-10 Full range touch screen EATON
XN-S4S-SBCS Eaton touch screen
XN-KO/5 Full range touch screen EATON
MC2-442-57CQB-1-21 Imported from Eaton’s original factory
XVH-330-57-MPI-1-10 Imported from Eaton’s original factory
XV-152-D6-10TVRC-10 Industrial control panel
SW-EPAM Eaton touch screen
XN-1AI-U(-10/0…+10VDC) Industrial control panel
XVH-340-57CAN-1-50VAR06 Full range touch screen EATON
XP-503-15-A10-A00-1B Eaton touch screen
XV440-10TVB-1-10 Eaton touch screen
XV-440-10TVB-1-10 Eaton touch screen
CPC-650 Full range touch screen EATON
XN-QV/3 Eaton touch screen
XP-DVI-10T-10 Micro innovative touch screen
CPAD-00/198 Eaton touch screen
XVS-640-15MPI-1-10 Imported from Eaton’s original factory
XVC-601-GTI-10-V1-DPM-010 Imported from Eaton’s original factory
XP-702-D0-10TSI-10 Full range touch screen EATON
XN-2DO-24VDC-0.5A-P Full range touch screen EATON
XV-102-B4-35MQR Imported from Eaton’s original factory
XV-440-12TSB-1-10 Imported from Eaton’s original factory
MC2-442-57CQB-1-1D Eaton touch screen
CPC-652-10I-000 Eaton touch screen
XV-442-57CQB-1-10 Micro innovative touch screen
MH2-340-57CAN-1-10 Industrial control panel
XV-442-57CQB-1-1W Full range touch screen EATON
XN-GWBR-CANOPEN Full range touch screen EATON
XVH-340-57MPI-1-10 Industrial control panel
XV-440-12TSB-1-20 Micro innovative touch screen
XV-102-D6-57TVRC-10 Eaton touch screen
XN-2AO-U(-10/0…+10VDC) Imported from Eaton’s original factory
XN-1AO-I(0/4…20MA) Micro innovative touch screen
XV-102-A3-57TVRB-1E4 Industrial control panel
XN-S3T-SBB Full range touch screen EATON
XV-440-12TSB-1-10-PLC Eaton touch screen
XV-152-D8-57TVRC-10 Industrial control panel
XV-152-D4-57TVR-10 Eaton touch screen
XN-S6S-SBCSBC Imported from Eaton’s original factory
XP-503-10-A10-A00-1B Micro innovative touch screen
XV-440-10TVB-1 Eaton touch screen
XN-1CNT-24VDC Industrial control panel
SW-EPAM Micro innovative touch screen
XV-440-10TVB-1-1AI Industrial control panel
XVS-440-10MPI-1-10 Full range touch screen EATON
D72WNOP76433WNT Imported from Eaton’s original factory
XV-440-10TVB-1-13 Imported from Eaton’s original factory
XVS-460-15MPI-1-10 Micro innovative touch screen
XV-102-B0-35TQR-10-PLC Industrial control panel
XVH-330-57CAN-1-10 Eaton touch screen
XN-B6T-SBCSBC Micro innovative touch screen
XV-232-57BAS-1-10-PLC Industrial control panel
XV-102-D6-57TVR-10 Micro innovative touch screen
XV-102-D6-57TVRC-10 Eaton touch screen
OS-FLASH-A2Q-S Full range touch screen EATON
XP-503-15-A10-A00-1B Industrial control panel
XN-LABEL/BLOCK Eaton touch screen
XVC-601-GTI-10-DPM-V1-000 Industrial control panel
XV-152-D4-84TVRG-10 Eaton touch screen
XV-152-D6-84TVRC-10 Full range touch screen EATON
XVS-460-15MPI-1-10 Eaton touch screen
XVS-440-57MPI-1-1AD Industrial control panel
XV-102-B6-35TQR-1AL-PLC Micro innovative touch screen
XV-102-H3-35TQRL-10 Eaton touch screen
XP-702-C0-84TSI-10 Imported from Eaton’s original factory
Reviews
There are no reviews yet.