ABB Ltd. : Orders stall in Q4 but 2023 looks set to be solid
>Q4 2022: revenues up sharply, cash flow disappoints - Yesterday's Q4 release was of good quality, but failed to surprise positively, based on high expectations. Orders were up 2% organically (consensus was +4%) and book-to-bill fell below 1 to 0.97x. Some countries saw a sharp decline in orders, notably Germany (-15%, decline in residential) and China (-12%). Similarly, the operating EBITA margin rose sharply to 14.8% (+170bp) but remains slightly below consensus exp...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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