European industry giant expects lower growth

Swiss-Swedish industry giant ABB has downgraded its long-term growth targets, according to a financial statement for the third quarter. The pressured oil and gas markets have hit ABB this year.

BY KATRINE GRØNVALD RAUN

Swiss-Swedish industry giant ABB no longer believes in its long-term growth targets for 2020. After releasing its third quarter results, the European industry player has downgraded expectations for revenue growth.

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