EnergyWatch

ABB beat analyst forecasts in Q2

Order intake, profit and operating result items ended up higher than expected for Swiss-Swedish ABB.

Photo: PR

Swiss-Swedish company ABB, provider of products and services in electric power, automation and robotics, went above analyst forecasts in the second quarter, reports Bloomberg News upon gathering consensus estimates.

Earnings before interest, taxes and amortizations (EBITA) came to USD 1.11bn, whereas the expected figure was USD 1.05bn, according to Bloomberg.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

EU to address stalled Danish nearshore wind project

Developer European Energy has received a positive response from the EU regarding project Omø Syd, which is currently on hold due to considerations over migratory birds. The European Parliament has now requested that the Commission launch an investigation into the matter.

Board reshuffle to boost Obton

The Danish solar investor has appointed new board members and now aims to quadruple its photovoltaic business ahead of 2025.

Seadrill secures comprehensive restructuring deal

John Fredriksen's strained drilling company Seadrill has settled a comprehensive restructuring agreement with a majority of its lenders, which among other things reduced the company's debt liabilities by almost USD 5bn.

Further reading

Related articles

Trial banner

Latest News

See all jobs