Skip navigation Scroll to top

Scroll to top

ABB: Special charges weigh but outlook intact

January 22, 2014

ABB (Buy*) had to book a special charge of $260m In Q4 2013 because of storm-related delays in offshore-wind projects, operational issues in Power Systems and restructuring. Now, earnings per share of around 23 cents are targeted, which is below consensus of 40 cents. We believe, that these charges are one offs and that the outlook for 2014ff remains good. Therefore we maintain our rating.