ABB Group has released the annual report for 2014, that records a lower net income of 6.9 percent compared to year earlier.
Net income in 2014 amounts to EUR 2.594 mln, which is 6.9 percent lower than in 2013.
ABB Group records an increase in orders of 6.7 percent to a year earlier, which totals in USD 41.515 mln.
The income from operations has decreased 4.7 percent to EUR 4.178 mln in 2014.
EBITDA (earnings before interest, tax, depreciation and amortization) is at EUR 5.400 mln, which represents a fall of 11.1 percent compared to 2013.
The CFO (cash flow from operating activities) has increased 5.2 percent, from EUR 3.653 mln in 2013 to EUR 3.845 mln in 2014.
In 2014, ABB Group has decreased the number of employees by 7.300 people.
Image: ABB Group