ABB : Post Q2 downgrades: the transition will take a long time
>In Q2, ABB saw a sharp slowdown (orders +1% LFL, sales +2% LFL) and a 110bp drop in operating margin to 11.5% on a comparable basis. Chairman and CEO Peter Voser and the CFO highlighted: - Demand is now mixed across regions and ABB’s end-markets; sales have slowed but should still be up slightly over the full year, with operating margin improvement in 2019, keeping in mind that the 2018 comparison base was a low 10.9%. Right now Europe is sluggish, China very mixed, and on...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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