ABB reported soft Q1 figures ahead of consensus. Management hasn’t yet provided fresh 2020 guidance, but it indicated the impact seen in Q1 will be worse in Q2. As regards the PG divestment, the transaction is on track and is expected to be completed in Q2 as planned.
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Weak but better-than-expected Q1 figures
- Published:
28 Apr 2020 -
Author:
Luis Pereira -
Pages:
3
ABB reported soft Q1 figures ahead of consensus. Management hasn’t yet provided fresh 2020 guidance, but it indicated the impact seen in Q1 will be worse in Q2. As regards the PG divestment, the transaction is on track and is expected to be completed in Q2 as planned.