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

ABB LTD

(ABBN)
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ABB : Gets $150 Million Order to Power Fincantieri Ships

11/17/2020 | 04:44am EST

By Giulia Petroni

ABB Ltd. said Tuesday that it has secured an order of around $150 million to power five vessels built by Italian shipbuilder Fincantieri SpA.

The Swiss engineering company said the cruise ships will be powered with the Azipod propulsion system, which increases operational efficiency and reduces fuel consumption by up to 20% compared to conventional systems. The total propulsion power will be of 178 megawatts.

The vessels will enter service between 2023 and 2026, according to ABB.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

11-17-20 0443ET

Stocks mentioned in the article
ChangeLast1st jan.
ABB LTD 0.68% 26.71 Delayed Quote.8.09%
FINCANTIERI S.P.A. -1.12% 0.531 Delayed Quote.-3.19%
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Financials (USD)
Sales 2020 25 863 M - -
Net income 2020 5 516 M - -
Net Debt 2020 1 673 M - -
P/E ratio 2020 11,3x
Yield 2020 2,79%
Capitalization 62 100 M 62 102 M -
EV / Sales 2020 2,47x
EV / Sales 2021 2,35x
Nbr of Employees 110 000
Free-Float 84,2%
Chart ABB LTD
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Technical analysis trends ABB LTD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 27,82 $
Last Close Price 30,16 $
Spread / Highest target 22,8%
Spread / Average Target -7,77%
Spread / Lowest Target -30,9%
EPS Revisions
Managers and Directors
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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