ABB: sold off after quarterly results
(CercleFinance.com) - ABB shares are down 5% in Zurich, following the publication of EPS up 22% to $0.
59 for Q2 2024, with operating EBITA up 10% to $1.56bn, representing a margin that actually improved 1.5 point to 19%.
However, the Swiss group specializing in electrification and automation only posted sales of $8.24bn and order intake of $8.43bn, up 1% and down 3% respectively.
For FY 2024, ABB expects a positive ratio of new orders to sales, comparable sales growth of around 5% and an operating EBITA margin of around 18%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
59 for Q2 2024, with operating EBITA up 10% to $1.56bn, representing a margin that actually improved 1.5 point to 19%.
However, the Swiss group specializing in electrification and automation only posted sales of $8.24bn and order intake of $8.43bn, up 1% and down 3% respectively.
For FY 2024, ABB expects a positive ratio of new orders to sales, comparable sales growth of around 5% and an operating EBITA margin of around 18%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.