On the back its Q2 release, ABB started to become more cautious on Europe and China; now, the US is also expected to be softer. Except for Motion, all other divisions should remain under pressure in Q3. The ongoing transformation as well as the challenging macro environment are the two main reasons explaining the weak earnings’ momentum. In this note, we explain briefly what we expect for each division in Q3.
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Q3 preview: weak momentum
- Published:
09 Oct 2019 -
Author:
Luis Pereira -
Pages:
3
On the back its Q2 release, ABB started to become more cautious on Europe and China; now, the US is also expected to be softer. Except for Motion, all other divisions should remain under pressure in Q3. The ongoing transformation as well as the challenging macro environment are the two main reasons explaining the weak earnings’ momentum. In this note, we explain briefly what we expect for each division in Q3.