ABB Ltd. : Slowdown fears mask the good Q3 performance
>Q3: acceleration in the execution of the backlog - The good momentum of Q3 orders (+16% l-f-l) and sales (+18% l-f-l, with a 7% price effect) was expected (cf. our First Take yesterday morning). On the other hand, the improvement in the operating EBITA margin to 16.6% (+150bp) was stronger than expected, lifting operating EBITA to $ 1,231m, or 8% above the consensus. The backlog stood at $ 19.4bn at the end of September (+35% l-f-l). For Q4 2022, ABB expects low...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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