ABB : Losses on the cards in Q2 - publication on 25 July
>Significant exceptional charges in Q2 - We forecast orders of $Â 7,559m, revenues of $Â 7,096m, operational EBITA of $Â 819m (11.5% margin), EBIT of $Â 122m and net losses of -$Â 362m due to restructuring charges and the new provision of $Â 430m related to the disposal of solar inverters. We are expecting a slowdown in order intake, particularly in the short cycles, and forecast a trend of around 0% like-for-like (+3% in Q1). Revenues should also slow down and we forecast ...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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