ABB says data centre business booming, Q3 figures in line with forecasts

Business Recorder reported that ABB, the Swiss engineering group, posted a 24% rise in operating profit before interest, tax and amortisation, reaching $2.03 billion for the quarter ending in September. That result edged above analysts' expectations of $2.0 billion. Sales climbed 14% to $9.70 billion, though this was marginally under the $9.74 billion company-compiled consensus.

Orders for data centre products grew at a triple-digit pace in the third quarter, extending a trend first seen in the second quarter. ABB supplies electrification and automation equipment to factories, ships and ports, and has reported strong demand for power distribution and cooling gear used in data centres.

Business Recorder also cited an IMF view that AI-linked infrastructure outlays are helping the global economy cope with an energy shock stemming from conflict in the Middle East. The Fund cautioned that rethinking how much efficiency AI adoption brings could hold back investment.