Bergur Thormundsson
Research expert covering technology in the Nordics, AI and smart cities
Get in touch with us nowIn the fiscal year of 2023, ABB Group generated a consolidated net income of around 3.8 billion U.S. dollars. In the 2020 fiscal year, the company reported a net income of some 5.2 billion U.S. dollars. It is highly likely that the considerable increase in energy prices in Europe as well as increased cost of metals worldwide contributed to this slide.
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