ABB chief positive for 2018 despite profit drop

Winnie Okello, P.E

Ulrich Spiesshofer

ABB is forecasting a better year ahead despite posting a dip in its profit and sales for the final quarter of 2017.

The FT reports the Swiss company expects improving global economic conditions to benefit them this year.

Revenues at the Zurich-based company rose 1 per cent to $34.3bn in 2017, it said on Thursday. But orders in the final three months of the year dropped 3 per cent to $8.48bn compared with the same period a year earlier. Full-year operating profits also fell, by 2 per cent to $4.13bn.

Ulrich Spiesshofer, chief executive, has streamlined ABB to focus on higher …read more

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Winnie Okello, P.E

About Winnie Okello, P.E

I Graduated from Bucknell University with a B.Sc. in Civil Engineering, an have been working in the civil & environmental engineering sector for over a decade. My areas of specialty include: Civil -(Roadway & structural analysis) and Environmental Engineering, Water Resources, Environmental/ Regulatory Compliance, Sustainability, Materials Recycling, Research, Social Justice, Diversity, Equity and Inclusion, & the Human-Element of Engineering. I am a strong advocate for more equitable representation and inclusivity of women in the STEM sectors, and more importantly, bringing the fullness of who we are to what we do.
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