ABB reported $10.2bn in revenues for the April-June period, in line with the same stage in 2013, but $1.3bn in earnings before interest, tax, depreciation and amortisation (Ebitda) – a 15% decrease compared to last year.
The Swiss group says the losses were related to ongoing charges in large engineering, procurement and construction (EPC) projects for offshore wind and solar within the Power Systems division.
"The
