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

ABB LTD

(ABBN)
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ABB Wins Contract to Power New P&O Ferries

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09/23/2020 | 05:54am EDT

By Giulia Petroni

 

ABB Ltd. said Wednesday that it has won a contract with shipbuilding company Guangzhou Shipyard International Co. Ltd to supply integrated solutions for P&O Ferries' two new vessels.

The Swiss engineering company said the solutions will cut fuel consumption on the Dover-Calais route by 40%. The 230-meter-long vessels will be the largest passenger and freight ferries to sail the route once they start service in 2023.

ABB didn't disclose the financial terms of the contract.

P&O Ferries is a British company operating ferries from the U.K. to Ireland and Continental Europe.

 

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

 


Stocks mentioned in the article
ChangeLast1st jan.
ABB LTD -0.77% 23.32 Delayed Quote.0.56%
CSSC OFFSHORE & MARINE ENGINEERING (GROUP) COMPANY LIMITED -1.62% 7.91 End-of-day quote.35.91%
CSSC OFFSHORE & MARINE ENGINEERING (GROUP) COMPANY LIMITED 2.72% 27.6 End-of-day quote.87.12%
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Financials (USD)
Sales 2020 25 753 M - -
Net income 2020 5 617 M - -
Net Debt 2020 540 M - -
P/E ratio 2020 9,45x
Yield 2020 3,26%
Capitalization 53 662 M 53 825 M -
EV / Sales 2020 2,10x
EV / Sales 2021 2,14x
Nbr of Employees 110 000
Free-Float 86,2%
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Technical analysis trends ABB LTD
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Mean consensus HOLD
Number of Analysts 23
Average target price 26,06 $
Last Close Price 25,65 $
Spread / Highest target 20,3%
Spread / Average Target 1,59%
Spread / Lowest Target -30,8%
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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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