ABB : Q3 results a little better at operating level, a little worse in net
>Revenue down 4%, operating margin of 12.0%, big exceptional gain - The group has reported revenue of $ 6,582m, down 4%, vs -8% expected by the consensus, an operational EBITA margin of 12.0% ($ 787m) vs 10.9% expected ($ 689m) and order intake of $ 6,109m (book-to-bill of 0.93x) vs $ 6,132m expected (0.97x). EBIT is down sharply at $ 71m due to charges on a project in South Africa (IA) and pension contributions. Net income includes the gain on the sale of PG to Hitac...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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