ABB returned to profit last year

Article Abstract:

ABB Ltd. of Switzerland posted a net profit rise of $735 million for 2005. A golden turnaround for the electrical engineering services company with a restructuring plan that has shown the first profit in five years. New profit for the fourth quarter was $222 million from a loss of $223 million a year earlier.

Switzerland, Company Profile

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ABB forecasts revenue growth in key divisions

Article Abstract:

Fourth-quarter net profit for Swiss engineering firm ABB Ltd. increased to $1.8 bil, and predicted double-digit growth in 2008 for key businesses. Revenue for ABB's automation division is expected to grow by 10%, while sales for its power-related services is expected to grow between 15% to 20%.

Forecasts, trends, outlooks, Company business forecast/projection, Company forecasts

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ABB extends optimism: strong growth seen through mid-2008; earnings rise 86%

Article Abstract:

Third-quarter net profit for Swiss engineering and technology firm ABB Ltd. rose 86% to $738 mil, due in part on increased demand for automation, power, and infrastructure projects. Results were also boosted by lower costs and tax rates and higher prices.

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