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| ABB records excellent order growth in Q3 ABB, the Swiss engineering group, said its order growth accelerated and revenues rose in the third quarter on a combination of continued growth in demand from industrial customers and an increase in large power orders. Orders rose 18 percent and revenues 2 percent in local currencies, including an 11-percent increase in service revenues. Earnings before interest and taxes (EBIT) amounted to $1.2 billion. The third quarter operational EBIT margin, which excludes net gains on derivative transactions and restructuring-related costs, was 14.0 percent. The operational EBIT margin the year-earlier period, excluding a net positive provision adjustment of approximately $430 million, was 13.0 percent. Net income in the third quarter 2010 reached $774 million while cash from operations amounted to $1.4 billion. write your comments about the article :: © 2010 Construction News :: home page |