ABB climbs to record high on uplifting financials

Swiss-Swedish ABB delivered more than expected in the first quarter measured in sales, orders and operating margin.

Photo: ABB Power Grids

Swiss-Swedish ABB has delivered above expectations in the first quarter measured in sales, orders and operating margin after a stronger market development than anticipated, particularly in the final weeks of March.

According to the group's preliminary first-quarter financials published Thursday morning, its share price surges 3.8 percent to CHF 30.4 in Zürich and 3.9 percent to SEK 278.7 (EUR 27.5) in Stockholm – the highest level on record.

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