ABB Ltd. : Electrification division impresses in Q3
>New CEO: a growth mandate - Morten Wierod, the CEO since 1 August, presented his first impressions alongside the Q3 results. While the previous CEO’s mandate was to decentralise the group (and restore profitability), Morten Wierod’s mandate will be to grow ABB, even though he believes that the group also has room for improvement in terms of profitability, including for the electrification division (operating margin expected to be above 23% in 2024), which benefits fr...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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