ABB Exceeds Expectations in Q1, Plans Robotics Division Spin-off

ZURICH: ABB announced a stronger-than-anticipated profit for the first quarter. The Swiss industrial conglomerate also revealed intentions to separate its robotics segment into a distinct entity.

The manufacturer, specializing in industrial robots, electric motors, and drives, noted a 13% increase in operational earnings before interest, tax, and amortization (EBITA), reaching $1.59 billion. This figure surpassed analysts’ projections of $1.48 billion.