ABB Posts Earnings Increase, Appoints New CFO

By Nina Kienle

ABB posted an increase in third-quarter revenue and profit, and appointed Christian Nilsson as its new chief financial officer.

The Swiss industrial-technology company said Thursday that Timo Ihamuotila is stepping down from the position of chief financial officer and the executive committee to focus on non-operational roles.

Christian Nilsson joined ABB in 2017 as chief financial officer of the electrification business area. His appointment will be effective on Feb. 1, 2026.

ABB said that third-quarter net profit rose to $1.21 billion from $947 million in the prior year, on revenue that grew 9% on a comparable basis to $9.08 billion.

Operational earnings before interest, taxes and amortization rose 9% on comparable basis to $1.74 billion with a margin of 19.2%. The prior year's period margin amounted to 19.0%.

That compares with analysts' expectations of $1.15 billion in net profit, $8.89 billion in revenue and $1.70 billion in operational Ebita, according to consensus estimates provided by the company.

Orders for the quarter were $9.14 billion, growing 9% on a comparable basis from a year earlier, the company said.

For the full year, the company expects comparable revenue growth in the mid-single digit range and an operational Ebita margin broadly at the higher end of the long-term target range of 16% to 19%.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

October 16, 2025 01:38 ET (05:38 GMT)