ABB reported a good set of Q3 results given the challenging macro environment, especially in profitability terms. ABB’s transformation is starting to show the first benefits, while keeping restructuring costs under control. Overall, we appreciate the good resilience in revenues delivered by the company combined with a robust margin development, which could have been even higher excluding the revaluation of a project in Industrial Automation. The momentum is improving for ABB.
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The plan is on track, with related-costs under control
- Published:
23 Oct 2019 -
Author:
Luis Pereira -
Pages:
3
ABB reported a good set of Q3 results given the challenging macro environment, especially in profitability terms. ABB’s transformation is starting to show the first benefits, while keeping restructuring costs under control. Overall, we appreciate the good resilience in revenues delivered by the company combined with a robust margin development, which could have been even higher excluding the revaluation of a project in Industrial Automation. The momentum is improving for ABB.