The Swiss industrial group ABB managed to profit from cost savings in the last fourth quarter. The company saw profit grow for the first time in three quarters.

However, the effects of the trade conflict between the United States and China and weak conditions in the automotive industry and the ABB machine manufacturing industry were detrimental. A profit of 325 million euros remained below the line. That is 3 percent more than a year ago. Turnover fell by 2 percent to almost 7.1 billion euros.

ABB believes that the results for the new year, despite some weak end markets, will be stable or slightly better than in 2019. The company emphasizes that the potential impact of the new corona virus has not yet been included in the forecast.

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