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

ABB LTD

(ABBN)
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Delayed Quote. Delayed Swiss Exchange - 08/12 11:30:51 am
24.2 CHF   +0.71%
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ABB : to Power Damen Shipyards Group's New Diamond Recovery Vessel

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07/13/2020 | 05:36am EDT

By Cecilia Butini

 

ABB Ltd. said Monday that it has won a contract to supply an advanced power system for Damen Shipyards Group's newest diamond recovery vessel.

The Swiss engineering company said the vessel, which is currently under construction on the Black Sea in Romania, will be delivered in 2022 to Debmarine Namibia, a joint venture between the government of Namibia and diamond company De Beers Group.

The financial details of the deal weren't disclosed, according to ABB.

The vessel, which will deploy a subsea technique to recover diamonds from the seabed, will reach a total cost of $468 million and become the largest and most technologically-advanced diamond recovery vessel, ABB said.

 

Write to Cecilia Butini at cecilia.butini@wsj.com

 

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Financials (USD)
Sales 2020 25 261 M - -
Net income 2020 5 991 M - -
Net Debt 2020 690 M - -
P/E ratio 2020 9,19x
Yield 2020 3,18%
Capitalization 56 300 M 56 677 M -
EV / Sales 2020 2,26x
EV / Sales 2021 2,22x
Nbr of Employees 110 000
Free-Float 86,2%
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Technical analysis trends ABB LTD
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Income Statement Evolution
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Sell
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Mean consensus HOLD
Number of Analysts 21
Average target price 24,95 $
Last Close Price 26,19 $
Spread / Highest target 24,5%
Spread / Average Target -4,75%
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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