27
Jul

Drop in turnover and profits at Rockwell Automation

Rockwell Automation Inc. from Milwaukee/ WI did not manage to maintain its turnover and profits in the 3rd quarter 2016 (April-June) in comparison with last year.

Turnover stood at USD 1.47 bn (EUR 1.34 bn) compared with USD 1.58 bn (EUR 1.44 bn) in the same period last year, which represents a drop of 7%. Profits amounted to USD 203.1 m (EUR 184.7 m) against USD 216.3 m (EUR 196.7 m) last year, minus 6.1%.

Blake Moret, the new CEO, is still expecting a rise in sales figures towards the end of the year, but less than one could have expected as recently as April.