ABB’s 2022 Q2 Results show strong demand and operational performance. The company managed to achieve a strong order growth (10%) and to improve the Operational EBITAmargin to 15.5%.Björn Rosengren, CEO of ABB, said “Overall, I am pleased with how the teams delivered strong order growth as well as a margin in line with our long-term target. This was achieved despite the pressure from a tight supply chain, Covid-enforced lockdowns in China and the inflationary environment… I expect a good momentum in the second half of the year.” In the sheet not the right, you can see more detailed data, and for the complete Q2 announcement visithere.
Performance of ABB Group stock over 5 years. Source: tradingview.com
TECHNICALS - ABB LTD
ABB experienced tremendous stock price raise since March 2020 until the beginning of this year as it gained over 165% in almost two years period.* By that time candle sticks formed chart pattern called double top, which was a bearish sign.
Recently, we may say, the market looks healthy, as it is not experiencing neither continuing long-term raise nor constant drop. Today, the price per share is $26.8. And according to the robust balance sheet, Q2 results and the firms strategy, ABB Group may be a great long-shot investment opportunity, as it operates in automation and robotics business, which is the most likely the inevitable future.
ABB Group a is multinational company headquartered in both European countries Sweden and Switzerland. The firm’s main sphere of activity is an Electrical Equipment, which was an interest since the foundation. The company expanded to an Automation and Robotics ever since.
ABB is a multibillion Euro company - over 50 bn. EUR by market cap according to BCM, making it fourth largest in Europe - which is traded on the SIX Swiss Exchange in Zürich, Nasdaq Stockholm and the NYSE in the United States. ABB is also Fortune 500 company.
BCM analyst team
* Past performance is no guarantee of future results.
Forward-looking statements are based on assumptions and current expectations, which may be inaccurate, or based on the current economic environment which is subject to change. Such statements are not guaranteeing of future performance. They involve risks and other uncertainties which are difficult to predict. Results could differ materially from those expressed or implied in any forward-looking statements.Go back
The content of this material constitutes marketing communication and should not be considered as any type of investment advice and/or investment research and/or a solicitation for any transactions. This material was prepared for informational/educational purposes only and does not imply an obligation to perform investment transactions nor does it guarantee or predict future performance. BCM Begin Capital Markets Cy Ltd and its relevant persons including affiliates, agents, directors, or employees do not guarantee the accuracy, validity, timeliness, or completeness of any information/data provided by third parties and assume no liability for any loss arising from any investment made based on the said information/data. Past performance is no guarantee of future results.
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