ABB Ltd. : Q2 2024: orders below expectations but profitability at record high
>Q2 2024: stable orders, operating EBIT 3% above expectations - ABB this morning reported orders slightly below expectations, at $ 8,435m, stable on a comparable basis (consensus at +3%), penalised mainly by a very sharp fall (at least 50% on our estimates) in orders for discrete automation. Q2 sales totalled $ 8,239m, up 4% on a comparable basis vs 5% expected by the consensus, and the operational EBITA margin reached 19% ($ 1,564m) vs 18.4% expected ($ 1,542m). The ...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.