ABB Ltd. : Good Q3, with a record margin, 2024 guidance fine-tuned (downgraded for revenues, upgraded for margins)
>Q3 2024: orders +2%, operational EBIT 2% ahead of expectations - ABB this morning posted orders close to expectations, at $ 8.193bn, +2% in comparable terms (css at +1%), with demand in China still under pressure (-2%) and, in contrast, a continuing recovery in short-cycle businesses (‘high-single digit’ growth). Q3 revenues came in at $ 8.151bn, +2% in comparable terms vs 5% expected by the consensus and the operational EBITA margin came to 19% ($ 1.553bn) vs 18.3% ...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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