ABB Delivers Growth in Fourth Quarter; Power Systems' Profitability Enhancement Continues
ABB closed out its fourth quarter with revenue up 1% on a comparable basis and a good order increase of 3%, after several quarters of disappointing order declines. ABB’s 2016 revenue, down 1% year on year, and 50-basis-point operational EBITA margin enhancement, mainly due to cost-cutting, were slightly above our expectations. We are updating our estimates to reflect the latest results, potentially leading to an upwards revision of our CHF 22 fair value estimate for the Vienna-listed shares and ...
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