Andrew Wilson's questions to ABBNY leadership • Q2 2024
Question
Inquired about the progression of short-cycle orders in Q2 versus Q1 and whether the slowdown in the project business was purely due to tough comparisons or a pullback in customer decision-making.
Answer
Short-cycle orders turned positive year-over-year for the first time in six quarters, with growth seen in both Electrification and Motion. The slowdown in the long-cycle project business is attributed to timing and very strong prior-year comparisons, not a change in customer behavior, as the project pipeline remains robust.