ZURICH Feb 8 Power technology and automation
group ABB reported an end to its almost two-year
decline in order intake by posting a small increase in new
business on Wednesday and forecast that 2017 would likely be
dominated by market uncertainty.
The maker of products ranging from transformers to
industrial robots said orders -- an indicator of future profit
-- increased 0.2 percent to $8.277 billion in the three months
ended Dec. 31 from the same period a year earlier.
The figure, which beat the average estimate of $8.129
billion in a Reuters poll of analysts, marked an
improvement from the $7.53 billion in the previous quarter. That
marked ABB's weakest period for orders in nearly seven years,
when customers waited on the sidelines while ABB decided whether
to keep its power grids business.
(Reporting by John Revill, editing by John Miller)