Alastair's questions to ABBNY leadership • Q1 2024
Question
Asked a series of follow-up questions regarding a potential sales 'air pocket' in machine automation in the second half of the year, the breadth of the industrial recovery in China, and the specific drivers of strength in U.S. commercial buildings.
Answer
On machine automation, executives acknowledged the backlog will be mostly delivered by summer, at which point underlying demand will become clearer, but noted that orders are seeing sequential growth. On U.S. commercial real estate, the strength is broad-based across areas like hospitals and distribution centers, not just offices. The company's smart building exposure in the U.S. is relatively small.