ABB Ltd. : Backlog at end-Q2 points to a good second half
>Q2 just beat expectations and Q3 should be even better - At its Q2 2022 results announcement yesterday morning (see our first take), the group again surprised on the upside with the strength of its orders (+20% l-f-l, after +21% in Q1), while operational EBITA beat expectations by 5% ($ 1.136bn), albeit including $ 45m of exceptional items (property capital gain, contract exit). The backlog stood at $ 19.5bn at end-June (+37%). According to management, China kno...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.