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 PRESS RELEASE

ABB et le Groupe Niedax forment une coentreprise pour répondre à la de...

ABB et le Groupe Niedax forment une coentreprise pour répondre à la demande grandissante de systèmes de chemins de câbles en Amérique du Nord Intègre les forces d'ABB et du Groupe Niedax pour offrir une gamme de solutions exhaustive et améliorer la valeur pour le clientAccroît les capacités de fabrication de chemins de câbles en Amérique du Nord pour répondre aux besoins des clients en évolution constanteSe fonde sur des décennies d'innovation pour accélérer la collaboration et le développement de produits ZURICH, Suisse, 08 mai 2024 (GLOBE NEWSWIRE) -- ABB, chef de file en électrificati...

 PRESS RELEASE

ABB and Niedax Group to create joint venture to meet growing demand fo...

ABB and Niedax Group to create joint venture to meet growing demand for cable tray systems in North America Integrates strengths of ABB and Niedax Group to deliver a complete solution offering and enhanced customer valueExpands North American cable tray manufacturing capabilities to serve evolving customer needsBuilds on decades of innovation to accelerate collaboration and product development ZÜRICH, Switzerland, May 08, 2024 (GLOBE NEWSWIRE) -- Electrification and automation leader ABB and Niedax Group, a leading global supplier of cable management systems, have entered into an agreeme...

ABB Ltd: 2 directors

Two Directors at ABB Ltd sold 62,402 shares at between 44.780CHF and 44.933CHF. The significance rating of the trade was 79/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two...

ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Anders Idborg
  • Karl Bokvist
  • Olof Cederholm
ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Anders Idborg
  • Karl Bokvist
  • Olof Cederholm
ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Anders Idborg
  • Karl Bokvist
  • Olof Cederholm

Still promising, but riskier after Q1 air pocket

Surprising drop in equipment deliveries; adj. EBITA -11% vs ABGSC. Should be timing, but risk of course higher; adj. EBITA'24e -3%. HOLD and TP SEK 245 (250) but H2 recovery closer.

ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Anders Idborg
  • Karl Bokvist
  • Olof Cederholm
ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Anders Idborg
  • Karl Bokvist
  • Olof Cederholm
ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Anders Idborg
  • Karl Bokvist
  • Olof Cederholm
ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Anders Idborg
  • Karl Bokvist
  • Olof Cederholm
ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Anders Idborg
  • Karl Bokvist
  • Olof Cederholm
ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Anders Idborg
  • Karl Bokvist
  • Olof Cederholm
Delphine Brault ... (+2)
  • Delphine Brault
  • Quentin Borie

ABB Ltd. : Solid Q1 reassuring on orders and operational EBITA margin

>Good Q1 set to reassure the market (book-to-bill at 1.1x, operational EBITA margin of 17.9%) - ABB’s Q1 results, reported yesterday morning, were better than expected overall. Order intake came in at $ 9bn, -4% in comparable terms (consensus at -7%), underpinned by the Electrification (EL) and Motion (MO) divisions, at respectively +8% and +1%, while orders fell by 30% at RA and by 20% for Process Automation (PA). Sales came to $ 7.87bn, +2% in comparable terms vs 5%...

Delphine Brault ... (+2)
  • Delphine Brault
  • Quentin Borie

ABB Ltd. : Le T1 solide rassure sur les commandes et sur la marge d’EB...

>Le bon T1 rassure (book-to-bill 1.1x, marge d’op. EBIT à 17.9%) - ABB a publié hier matin des résultats T1 globalement meilleurs qu’attendu. Les prises de commandes atteignent 9 Md$, -4% en comparable (consensus à -7%), soutenues par les divisions Electrification (EL) et Motion (MO), à respectivement +8% et +1%, tandis qu’elles reculent de 30% chez RA et de 20% en Process Automation (PA). Le CA atteint 7 870 M$, +2% en comparable vs 5% attendus par le consensus. La m...

Mattias Holmberg
  • Mattias Holmberg

ABB (Buy, TP: SEK595.00) - Non, je ne regrette rien

CEO Björn Rosengren’s penultimate report before retiring highlighted the structural improvements made at ABB under his tenure as margins beat our expectations and consensus, and the 2024 margin guidance was raised. We have upgraded to BUY (HOLD) and raised our target price to SEK595 (520), having increased our 2024–2026e operating EBITA by 5–4%. At 15.2x 2024e EV/EBIT (10-year average 15.0x), we believe the stock deserves further re-rating as the valuation still seems to be anchored in historica...

ABGSC Capital Goods Research ... (+3)
  • ABGSC Capital Goods Research
  • Anders Idborg
  • Olof Cederholm

Profitability stars align - guides for 18% margin

Q1'24 op. EBITA margin of 17.9% - above expectations at ~16.5%. Keeps ~5% org. growth view for '24e, adds 18% op. EBITA ambition. We raise op. EBITA by 4-5% in '24e-'25e, reiterate HOLD.

ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Anders Idborg
  • Karl Bokvist
  • Olof Cederholm
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