ABB : ABB held up well in Q2, but the stock is now very pricey
>Upward adjustment to our figures - Q2 largely beat consensus expectations (revenues 10% better, operational EBITA 46% better) despite the full brunt of COVID-19. Demand remains lacklustre according to ABB, which has not provided guidance in these circumstances. We now expect full-year revenues to be down -7% l-f-l and an operating margin down -50bp to 10.6%; our previous estimate was for -10% and -180bp/9.3% respectively. In our forecasts, we have slightly reduced th...ABB specializes in power and automation technologies. Co. provides a broad range of products, systems, solutions and services that are designed to boost industrial productivity, increase power grid reliability, and enhance energy efficiency. Co.'s automation businesses serve a full range of industries with process optimization, control, measurement and protection applications. Co.'s power businesses focus on power transmission, distribution and power-plant automation, and support electric, gas and water utilities, as well as industrial and commercial customers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.