The logo of Hitachi ABB is seen at an office building in Zurich, Switzerland September 10, 2020. Picture taken September 10, 2020. REUTERS/Arnd Wiegmann
ZURICH (Reuters) - ABB raised its full year sales outlook on Thursday, saying it expects to increase its revenues by around 5% or more on a like-for-like basis, citing a strong demand especially towards the end of March.
The maker of industrial robots, drives and motors, said its first quarter revenues had risen by 11% to $6.90 billion from $6.22 billion a year earlier, as customers rebuilt their inventories and customers in the commodities sectors reinvested in equipment.
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