ABB posts recovery highlighting figures for Q2 and H1 YOY declaring Orders up by 41% and 11%; Revenue up by 45% and 22%; and PAT up by 308% and 165% respectively.
Sanjeev Sharma, Managing Director, ABB India. “I am proud of ABB business model resilience and our business divisions’ teams, as we have posted a strong recovery, while leveraging growth market segments with a good bounce back once the pandemic wave started to wane in June. The solid demand for ABB products, solutions and services portfolio in many of our targeted market segments ensured our profitability despite the sharp increase in commodity prices during the quarter aided by operational efficiencies.”
He further said, “The health and safety of all our stakeholders continues to be our top priority and is an integral part of our business continuity strategy to serve customers. We have rolled out a voluntary pan-India vaccination drive for all our employees, families, and partners across locations with nearly 80% targeted personnel coverage by end of June. Effective work-related safety protocols and vaccination has been and will continue to be a key enabler for our stake holder health assurance and business continuity in coming months. We are on track with our 10-point ESG plan and continue to invest in this initiative and are seeing the impact in our targeted communities. We are well prepared to leverage our strength and readiness in H2 CY2021.”