Abb Ltd
F:ABJ
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Earnings Calls
Last Earnings Call
Record quarter: ABB reported another record Q2 for both orders and revenues, with broad-based demand, stronger earnings, solid margin improvement and good cash flow.
Outlook raised: Management raised full-year comparable revenue guidance to low double-digit to low teens growth and said margin should improve from last year.
Orders strong: Group orders reached about $12 billion, up 28% on a comparable basis, with particularly strong growth in Electrification and Motion and no sign of prebuying.
Margins mixed: Group operating margin improved, but Motion remained under pressure from Gamesa Electric, High Power inefficiencies and timing issues in Traction.
Big M&A step: ABB announced an offer to acquire Rotork, saying it fits strategically in the automation loop and would add roughly 3% to 2025 revenue and lift margin by about 20 basis points.
Data centers: Data center demand remained a major growth driver, with triple-digit orders in Electrification and strong activity also in Motion cooling-related businesses.