Low oil price a hurdle to ABB

ABB's financial report and bottom line for the fourth quarter and the full-year 2015 reveal the impact of reduced investments in the oil and gas industry.

BY CHRISTIAN BARTELS AND THOMAS BO CHRISTENSEN

Swedish-Swiss industrial giant ABB presented its fourth quarter and full-year financial report on Wednesday, and although the figures in certain spots passed analyst expectations, most of the key elements show massive losses. This also goes for the not uninteresting figure - the bottom line.

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