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

ABB LTD

(ABBN)
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ABB : 4Q Net Profit Rose, Revenue Fell

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02/05/2020 | 01:24am EDT

By Kim Richters

ABB Ltd. (ABBN.EB) said Wednesday that its net profit for the fourth quarter of 2019 rose while revenue declined.

The Swiss engineering company said its net profit rose to $325 million from $317 million the year-earlier period. Its operational earnings before interest, taxes and amortization jumped 22% to $710 million.

Quarterly revenue declined 4% to $7.07 billion, while orders for the quarter fell to $6.89 billion.

ABB said it had faced slowing short-cycle industrial demand, particularly in the U.S., and continuing market headwinds in some industries during the quarter.

"ABB gave a resilient performance in 2019 in the face of challenging market conditions and a significant transformation," the company's CEO Peter Voser said.

The company proposed a dividend of CHF0.80 per share.

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

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Financials (USD)
Sales 2020 24 541 M
EBIT 2020 2 290 M
Net income 2020 3 346 M
Debt 2020 2 052 M
Yield 2020 4,91%
P/E ratio 2020 9,53x
P/E ratio 2021 15,2x
EV / Sales2020 1,55x
EV / Sales2021 1,44x
Capitalization 36 042 M
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Technical analysis trends ABB LTD
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Mean consensus HOLD
Number of Analysts 19
Average target price 20,53  $
Last Close Price 16,89  $
Spread / Highest target 73,4%
Spread / Average Target 21,6%
Spread / Lowest Target -32,6%
EPS Revisions
Managers
NameTitle
Björn Klas Otto Rosengren Chief Executive Officer
Peter R. Voser Chairman
Timo J. Ihamuotila Chief Financial Officer
Jacob Wallenberg Vice Chairman
Matti Juhani Alahuhta Independent Non-Executive Director
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