ABB Ltd. : Machine automation weighs on sentiment, but this should not overshadow the good overall performance in Q2
>Disappointment on orders overshadows a very strong operational performance - Yesterday, ABB published an operational performance that beat forecasts, but lower than expected order intake, at $ 8,435m, stable l-f-l (cons. at +3%), mainly penalised by a very marked decline (at least 50%, on our estimates) for orders in discrete automation. Q2 sales were $ 8,239m, +4% l-f-l vs 5% anticipated by the consensus and the “operating EBITA” margin was 19% ($ 1,564m) vs 18...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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