ABB’s Q2 20 figures surprised positively with sales and EBITA 46% ahead of consensus expectations and a beat of 8% in sales. Both cost reductions amongst divisions and good management of costs at a corporate level proved to be supportive. On top, the start of the share buy-back programme is another strong catalyst supporting the share price. This leads us to believe that Q2 might be a trough, offering thus further room for upside. We will revise our expectations upwards.
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Strong beat out of the hat
- Published:
22 Jul 2020 -
Author:
Luis Pereira -
Pages:
3
ABB’s Q2 20 figures surprised positively with sales and EBITA 46% ahead of consensus expectations and a beat of 8% in sales. Both cost reductions amongst divisions and good management of costs at a corporate level proved to be supportive. On top, the start of the share buy-back programme is another strong catalyst supporting the share price. This leads us to believe that Q2 might be a trough, offering thus further room for upside. We will revise our expectations upwards.