ABB confident for 2026 as customers plan ahead despite political uncertainty
Yahoo Finance·2026-01-29 05:59
By John Revill ZURICH, Jan 29 (Reuters) - ABB shares surged on Thursday after the Swiss engineering group posted record quarterly order intake and gave a confident outlook for 2026, saying customers were investing in automation and electrification despite political uncertainty. The move from other power sources to electricity was a long-term trend, Chief Executive Morten Wierod said, after ABB reported orders up 36% in the fourth quarter to their highest ever quarterly level of $10.32 billion. The ...