ABB : Upsurge in demand, but one-offs hurt Q3. On track for a 2019 recovery
>Key takeaways from the Q3 conference calls - In Q3, ABB saw a real acceleration (orders +9% LFL, growth in all activities; +3% organic sales growth), but the operating margin fell 80bp to 12.1%, mostly due to the consolidation of GE IS. The CEO and CFO highlighted:Demand was up in all regions and all segments, which means a clearly positive outlook for 2019 revenue. Process industries have definitely begun to recover, as have Utilities, which is a fundamental sh...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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