Bangalore India | 2020-07-23
ABB India Limited second quarter (April – June) CY2020 results
- Overall performance impacted as COVID-19 uncertainties persist
- Opportunities towards plant upkeep, reliability and optimization gradually opening up
- Early adoption of proactive cost and cash optimization measures
- Enabled business continuity of customers and partners with extensive use of remote service technology and ABB AbilityTM digital solutions
“ABB’s business model resilience and robust fundamentals kept its strength despite interim disruptions on account of the COVID-19 crisis and lockdown. H1 2020 has been impacted due to the global slowdown, however, our order backlog is strong and steady to support us through the coming quarters. As an organization, we remain nimble and have taken several proactive measures to support our employees & customers while we maintain focus on profitability and cash,” said Sanjeev Sharma, Managing Director, ABB India. “We will be strong on riding through the ongoing crisis by focusing our resources on the right business segments that are expected to return to growth and normalcy while servicing all our customers with remote and onsite services. Our business teams have high vigor to deliver an even higher value-added customer experience by leveraging our digital technologies. Automation and focus on efficiency are an integral part of the new economy and many of our value-added solutions will enable us to differentiate in the market and maintain our leadership position,” he added.
