ABB : Forecasts lowered in the face of the recession. Q1 set to be very weak
>We revise down our estimates once again - Faced with the prospect of a recession in 2020, the scale of which is becoming clearer every day with the lockdown, and prospects of a gradual recovery, ABB is likely to be harder hit than we had assumed in our initial downward revisions. We now look for an organic decline in sales of nearly -10% versus -5% previously, and an operational EBITA margin of 8.9% vs 11.1%, reduced as a result of lower volumes. The consensus seems ...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.
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