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

ABB LTD

(ABBN)
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ABB : Gets Large China Transmission Contract

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06/06/2019 | 05:35am EDT

By Nathan Allen

ABB Ltd. (ABBN.EB) said Thursday that it has received an order from the State Grid Corporation of China to supply equipment for a 1,100-kilometer transmission link in the northwest and central regions of the country.

The Swiss engineering group said it will supply converter transformers and other high-voltage components for the 800 kilovolt line.

The company didn't disclose financial terms of the contract.

Write to Nathan Allen at nathan.allen@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
ABB LTD -0.59% 177.35 Delayed Quote.4.54%
ABB LTD -0.59% 18.665 Delayed Quote.0.43%
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Financials (USD)
Sales 2019 28 744 M
EBIT 2019 2 222 M
Net income 2019 1 498 M
Debt 2019 5 666 M
Yield 2019 4,34%
P/E ratio 2019 25,8x
P/E ratio 2020 17,5x
EV / Sales2019 1,60x
EV / Sales2020 1,44x
Capitalization 40 315 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 22,29  $
Last Close Price 18,91  $
Spread / Highest target 58,9%
Spread / Average Target 17,9%
Spread / Lowest Target -13,6%
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Managers
NameTitle
Ulrich Spiesshofer President & 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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