ABB raises 2024 profitability outlook, despite Q1 net profit decrease; operational EBITA up 11% to $1.42bn.

ABB shares rise over 5% as the company increases its 2024 profitability outlook, despite a 13% decrease in Q1 net profit. Operational EBITA rose by 11% to $1.42bn, and revenue increased slightly to $7.87bn. The company anticipates mid-single-digit year-on-year growth in comparable revenue for the second quarter and a slightly improved operational EBITA margin from the first quarter.

April 18, 2024
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