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Thursday, February 28, 2019

=ABB Ltd (ABB) reported earnings on Thur 28 Feb 19 (b/o)

ABB Ltd misses by $0.03, misses on revs; reaffirms medium term targets
  • Reports Q4 (Dec) earnings of $0.30 per share, $0.03 worse than the S&P Capital IQ Consensus of $0.33; revenues fell 20.3% year/year to $7.39 bln vs the $9.43 bln S&P Capital IQ Consensus.
  • Short- and long-term outlook
    • Macroeconomic signs are mixed in Europe and are trending positively in the United States, with growth expected to continue in China.
    • The overall global market is growing, with rising geopolitical uncertainties in various parts of the world. Oil prices and foreign exchange translation effects are expected to continue to influence the company's results.
  • Medium-term group targets confirmed:
    • 3-6 percent annual comparable revenue growth
    • Operational EBITA margin of 13-16 percent
    • Return on Capital Employed (ROCE) of 15-20 percent
    • Cash conversion to net income of approximately 100 percent
    • Basic EPS growth above revenue growth

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