Estonia, EU – Baltic States, Good for Business, Industry, Investments, Markets and Companies

Total orders surged 21% to 180 mln euros and operating profit amounted to approximately 14 mln euros, ABB announced on Tuesday.

ABB AS boosted export by 27% y-o-y. The share of export in sales revenue increased by 8%, to 89% of the total.

"Growth last year was driven mainly by exports. It was a good year for the motor and power generator plant, where we received large orders mainly in the wind generator segment. It was also a successful year for the compact secondary substations plant, mainly thanks to exports to Finland," head of ABB Baltics Bo Henriksson said.

He said sales in Estonia produced a modest result.

Investments by ABB AS grew 53% year over year to 7.5 mln euros and the number of employees in Estonia increased 19% to 1,362.

ABB AS posted sales of 155 mln euros for 2015, 149.6 mln euros for 2014 and 187 mln euros for 2013.

ABB Group operates in more than a hundred countries globally, employing a workforce of approximately 132,000. ABB has been active in Estonia since 1992.