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ABB - Abb News Story

$31.77 -0.3  -1.0%

Last Trade - 8:45pm

Sector
Industrials
Size
Large Cap
Market Cap £47.31bn
Enterprise Value £47.86bn
Revenue £19.06bn
Position in Universe 189th / 6825

BRIEF-ABB Sees Return To Positive Order Developments In Q2

Thu 4th February, 2021 5:49am
Feb 4 (Reuters) - ABB  ABBN.S :
    * SAYS MARKET UNCERTAINTY DUE TO COVID-19 INCREASED THROUGH
THE
FOURTH QUARTER.
    * SAYS THE OUTLOOK REMAINS MUTED FOR SEGMENTS SUCH AS OIL
AND GAS,
CONVENTIONAL POWER GENERATION AND MARINE, WHILE RAW MATERIALS
COSTS ARE RISING.
    * SAYS SEES SIGNS OF POSITIVE DEVELOPMENT IN GENERAL
INDUSTRY AND
MACHINE BUILDERS’ SEGMENTS, WHILE END-MARKETS INCLUDING
BUILDINGS, DISTRIBUTION UTILITIES, DATA CENTERS, CONSUMER
ELECTRONICS AND FOOD AND BEVERAGE ARE EXPECTED TO GROW ROBUSTLY.
    * SAYS SEES A RETURN TO POSITIVE YEAR-ON-YEAR COMPARABLE
ORDER
DEVELOPMENTS DURING THE SECOND QUARTER
    * SAYS COMPARABLE REVENUE GROWTH IS EXPECTED TO PROVE
RESILIENT IN
THE FIRST QUARTER
    * SAYS OPERATIONAL EBITA MARGIN FOR THE GROUP IS EXPECTED TO
CLEARLY IMPROVE YEAR-ON-YEAR,
    * SAYS BASE CASE IS FOR GRADUAL IMPROVEMENT IN MARKET
CONDITIONS
AS 2021 PROGRESSES
    * SAYS INTENTION TO DIVEST THREE HIGH QUALITY DIVISIONS AT
FULL
VALUE IS PROGRESSING ACCORDING TO PLAN


Further company coverage:  ABBN.S 

 (Berlin Speed Desk)
 ((frankfurt.newsroom@thomsonreuters.com;))
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