ABB (VTX:ABBN) Full Year 2022 Results
Key Financial Results
Revenue: US$29.4b (up 1.7% from FY 2021).
Net income: US$2.52b (down 46% from FY 2021).
Profit margin: 8.6% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses.
EPS: US$1.33 (down from US$2.31 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ABB EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electrical industry in Europe.
The company's share price is broadly unchanged from a week ago.
We should say that we've discovered 2 warning signs for ABB that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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