ABB : Q2 will be poor but not disastrous
>The quarter will probably be in line with the most recent indications - Following the guidance given at the Q1 results and the strategy day organised by the new CEO (10 June), we knew that Q2 would most likely see a double-digit fall in sales and across1ethe-board margin declines. All told, we look for sales of $Â 5,649m (-17% l-f-l), an operational EBITA margin of 6.9% ($Â 390m), EBIT of $Â 119m and a net profit of $Â 70m. Q1 had already shown a fall of 7% in sales and a...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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