Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Switzerland
  4. Swiss Exchange
  5. ABB Ltd
  6. News
  7. Summary
    ABBN   CH0012221716

ABB LTD

(ABBN)
  Report
Delayed Quote. Delayed Swiss Exchange - 07/23 11:30:30 am
33.67 CHF   +1.57%
07/23ABB LTD : UBS remains its Buy rating
MD
07/23ABB LTD : Morgan Stanley keeps a Sell rating
MD
07/23ABB : to Supply Chargers for GRIDSERVE's Electric Highway Charging Network Across the UK
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

ABB : Q3 2020 results

10/23/2020 | 11:07am EDT

Third quarter revenues in all business areas were still dampened due to the impact of COVID-19, although a strong recovery in China and ongoing cost mitigation efforts supported a strong underlying performance.

On the upside, the integration of GEIS and turnaround of Installation Products in Electrification is starting to bear fruit and Motion is performing robustly. Robotics and Industrial Automation, on the other hand, are taking more time to recover,' said Bjorn Rosengren, CEO of ABB. 'We are pushing ahead with the decentralization of the group and the ongoing review of our portfolio, while carrying out our share buyback program as planned. We look forward to presenting further details on our strategic progress at our Capital Markets Day on November 19.'

Important notice about forward-looking information

This press release includes forward-looking information and statements as well as other statements concerning the outlook for our business, including those in the sections of this release titled 'Capital structure optimization', 'Transformation progress' and 'Short-term outlook'. These statements are based on current expectations, estimates and projections about the factors that may affect our future performance, including global economic conditions, the economic conditions of the regions and industries that are major markets for ABB. These expectations, estimates and projections are generally identifiable by statements containing words such as 'anticipates', 'expects,' 'believes,' 'estimates,' 'plans', 'targets' or similar expressions. However, there are many risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking information and statements made in this press release and which could affect our ability to achieve any or all of our stated targets. The important factors that could cause such differences include, among others, business risks associated with the volatile global economic environment and political conditions, costs associated with compliance activities, market acceptance of new products and services, changes in governmental regulations and currency exchange rates and such other factors as may be discussed from time to time in ABB Ltd's filings with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 20-F. Although ABB Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved.

Contact:

Tel: +41 43 317 71 11

Email: media.relations@ch.abb.com

(C) 2020 Electronic News Publishing, source ENP Newswire

All news about ABB LTD
07/23ABB LTD : UBS remains its Buy rating
MD
07/23ABB LTD : Morgan Stanley keeps a Sell rating
MD
07/23ABB : to Supply Chargers for GRIDSERVE's Electric Highway Charging Network Acros..
MT
07/23ABB : delivers chargers for revolutionary ‘GRIDSERVE Electric Highway' EV ..
PU
07/23ABB LTD : Barclays remains Neutral
MD
07/22Dovish ECB, upbeat earnings support euro zone stocks
RE
07/22ABB LTD : JP Morgan reiterates its Neutral rating
MD
07/22ABB LTD : Berenberg reiterates its Neutral rating
MD
07/22ABB LTD : UBS reiterates its Buy rating
MD
07/22ABB hikes sales outlook, readies electric charger business IPO
RE
More news
Financials (USD)
Sales 2021 29 347 M - -
Net income 2021 2 546 M - -
Net Debt 2021 4 564 M - -
P/E ratio 2021 27,9x
Yield 2021 2,38%
Capitalization 73 391 M 73 370 M -
EV / Sales 2021 2,66x
EV / Sales 2022 2,52x
Nbr of Employees 105 330
Free-Float 80,0%
Chart ABB LTD
Duration : Period :
ABB Ltd Technical Analysis Chart | ABBN | CH0012221716 | MarketScreener
Technical analysis trends ABB LTD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Last Close Price 36,59 $
Average target price 35,79 $
Spread / Average Target -2,18%
EPS Revisions
Managers and Directors
Björn Klas Otto Rosengren Chief Executive Officer
Timo J. Ihamuotila Chief Financial Officer
Peter R. Voser Chairman
Jacob Wallenberg Vice Chairman
David Edward Constable Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
ABB LTD36.26%69 366
SHANGHAI ELECTRIC GROUP COMPANY LIMITED-23.11%9 223
ABB INDIA LIMITED39.95%5 214
BLOOM ENERGY CORPORATION-25.02%4 720
QINGDAO TGOOD ELECTRIC CO., LTD.15.84%4 558
NORDEX SE-22.30%2 667