Earnings
ABB Grain Ltd. Q2 2010 Earnings Call Transcript
Turning to chart seven, you can clearly see how differently our power and Automation businesses have developed through the economic crisis of 2008 and 2009. Our automation businesses were the first to feel the downturn starting already in the third quarter of 2008 and declining more or less steadily throughout, through the third quarter of last year. At same time, our power divisions were still enjoying some significant order growth in early 2008 and orders were relatively steady through most of 2009. Now you can see how automation has comeback on the strength of the industrial recovery while power remains under pressure.
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