ABB warns on profit after hit from coronavirus, low oil prices


The logo of Swiss power technology and automation group ABB is seen at the Swiss Economic Forum (SEF) conference in Interlaken. - File pic

ZURICH: Swiss engineering group ABB said profits of all its businesses would suffer in the first quarter because of the fallout from the coronavirus and due to plunging oil prices.

The maker of industrial robots, factory drives and chargers for electric cars ditched its financial guidance for the year.

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ABB , Swiss , technology , industrial , robots , profit , hit , coronovirus , low , oil , prices ,

   

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