ABB’s Q3 results were better than AV and consensus’ expectations. The cost programme implemented by the group is under way and on track to achieve its targets. A reduction in gross debt over the last six months and ongoing share buybacks reassure that there is enough liquidity to tackle the second wave. Decentralisation remains a key focus and the group will unveil its future strategy at its CMD next month.
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Better than expected Q3 figures but a weak Q4 in the offing
- Published:
23 Oct 2020 -
Author:
Kulwinder Rajpal -
Pages:
3
ABB’s Q3 results were better than AV and consensus’ expectations. The cost programme implemented by the group is under way and on track to achieve its targets. A reduction in gross debt over the last six months and ongoing share buybacks reassure that there is enough liquidity to tackle the second wave. Decentralisation remains a key focus and the group will unveil its future strategy at its CMD next month.