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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  ABB Ltd    ABBN   CH0012221716

ABB LTD

(ABBN)
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ABB : 3Q Net Profit, Revenue Fell

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10/23/2019 | 01:33am EST

By Kim Richters

ABB Ltd. (ABBN.EB) said Wednesday that third-quarter net profit and revenue fell, largely due to weaker market conditions hitting its robotics and automation business.

The Swiss engineering company said net profit for the period was $515 million, compared with $603 million a year earlier.

Revenue for the period fell 3% to $6.89 billion, compared with $7.10 billion the previous year. The company restated the 2018 figures to reflect the sale of its power-grids business.

Operational earnings before interest, taxes and amortization fell to $806 million from $814 million, the company said.

ABB beat analyst expectations for net profit--$363 million--and operational Ebita--$792 million--, according to consensus provided by the company.

The company expects light revenue growth and improved operating margins for the full year, it said.

Write to Kim Richters at kim.richters@wsj.com

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Financials (USD)
Sales 2019 28 326 M
EBIT 2019 2 117 M
Net income 2019 1 317 M
Debt 2019 5 826 M
Yield 2019 3,72%
P/E ratio 2019 37,1x
P/E ratio 2020 13,9x
EV / Sales2019 1,85x
EV / Sales2020 1,74x
Capitalization 46 624 M
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Mean consensus HOLD
Number of Analysts 18
Average target price 21,49  $
Last Close Price 21,86  $
Spread / Highest target 19,7%
Spread / Average Target -1,71%
Spread / Lowest Target -21,5%
EPS Revisions
Managers
NameTitle
Peter R. Voser Chairman & Chief Executive Officer
Björn Klas Otto Rosengren Chief Executive Officer-Designate
Timo J. Ihamuotila Chief Financial Officer
Jacob Wallenberg Vice Chairman
Matti Juhani Alahuhta Independent Non-Executive Director
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