ABB Ltd. : A reassuring Q1, setting the stage for improvements in sequential terms
>Q1 was a little better than expected and Q2 should be even better - At its Q1 2022 earnings release yesterday morning (see our first take), ABB again surprised with the strength of its orders (+21% l-f-l), while operational EBITA came in 5% ahead of expectations ($ 997m) but including $ 40m of non-recurring items (property gain, provision reversal). For Q2 2022, ABB sees stable demand relative to Q1, indicating that sales were generally stronger in Q2 vs Q1, and...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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