ABB +3.92%: Good result, upgraded FY guidance and announced a (small) special dividend;
- 1H25 Revenue pf $588.5 million, up from $445.9 million a year earlier and above the $578.6 million expected.
- Underlying earnings (Ebitda) of $65.8m
- Interim dividend of $0.016 per share and a special dividend of $0.024
- Ebitda guidance increased to $133 million to $138 million from a range of $125 million to $135 million, thoough they also increased Capex guidance as well by around ~$20m
A beat & bump for ABB today and it looks like the broader telco sector is enjoying some long-awaited tailwinds. We own Aussie in the Emerging Companies Portfolio.
MM remains long & bullish ABB
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