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EARNINGS POLL-ABB Q3 profit seen rising to $1 billion

Published 10/23/2009, 06:40 AM
Updated 10/23/2009, 06:48 AM

* ABB Q3 results

* Due on Thursday, Oct 29, 0500 GMT

* Net profit seen rising 7.8 percent to $1 billion

ZURICH, Oct 23 (Reuters) - Following is a breakdown of analysts' forecasts for Swiss engineering group ABB. The company is due to report figures on Oct. 29 (figures in millions of dollars, except EPS in dollars and dividend in Swiss francs):

Q3

Mean Median High Low No. Yr ago Change% Orders 7,163 7,185 7,844 6,560 22 8,885 -19.4 Revenues 7,815 7,832 8,191 7,402 29 8,791 -11.1 - Power Products 2,826 2,809 3,145 2,579 26 3,034 - 6.9 - Power Systems 1,590 1,590 1,729 1,441 26 1,601 - 0.7 - Automation Prod. 2,145 2,144 2,266 2,015 26 2,612 -17.9 - Process automation 1,780 1,788 1,878 1,536 26 1,920 - 7.3 - Robotics 252 253 313 170 26 431 - 41.5 EBIT* 1,056 1,079 1,211 826 24 1,291 - 18.2 Special Items 289 278 380 180 24 0 n/a EBIT 1,344 1,322 1,526 1,206 29 1,291 4.1 - Power Products 523 508 756 438 16 536 - 2.4 - Power Systems 118 120 135 88 16 113 4.4 - Automation Prod. 312 313 356 246 16 491 -36.5 - Process automation 162 160 220 137 16 218 -25.7 - Robotics -38 -32 -16 -66 16 28 n/a Pretax profit 1,327 1,302 1,506 1,186 27 1,304 1.8 Net income 999 1,003 1,117 924 28 927 7.8 EPS - fully diluted 0.44 0.44 0.49 0.40 28 0.40 10.0

Q309 consensus figures include on average USD 289M in EBIT level and on down (reversal of provisions of USD 380M and restructuring costs of USD -91M).

FY2009

Mean Median High Low No. Yr ago Change% Orders 30,810 30,543 32,380 29,706 15 38,282 -19.5 Revenues 31,497 31,397 32,696 30,170 23 34,912 -9.8 - Power Products 11,227 11,291 11,849 10,820 19 11,890 -5.6 - Power Systems 6,538 6,566 6,976 6,083 19 6,912 -5.4 - Automation Prod. 8,620 8,622 8,944 8,325 19 10,250 -15.9 - Process automation 7,307 7,370 7,788 6,701 19 7,815 -6.5 - Robotics 1,054 1,078 1,188 903 19 1,642 -35.8 EBIT* 4,195 4,099 4,601 3,675 13 5,522 -24.0 Special Items 24 -20 410 -171 13 -970 n/a EBIT 4,157 4,110 4,721 3,852 23 4,552 -8.7 - Power Products 2,030 2,022 2,240 1,844 10 2,100 -3.3 - Power Systems 455 466 493 383 10 592 -23.1 - Automation Prod. 1,260 1,265 1,317 1,213 10 1,908 -34.0 - Process automation 632 632 697 571 10 926 -31.7 - Robotics -139 -131 -56 -210 10 9 n/a Pretax profit 4,146 4,116 4,696 3,664 22 4,518 -8.2 Net income 2,880 2,896 3,170 2,589 22 3,118 -7.6 EPS - fully diluted 1.26 1.27 1.39 1.12 22 1.36 -7.4 Dividend per share 0.47 0.48 0.49 0.43 13 0.48 -2.1 FY09 consensus figures include on average USD 24M in EBIT level and on down (reversal of provisions of USD 380M and restructuring costs of USD -356M).

FY2010

Mean Median High Low No. Orders 30,871 30,455 34,003 28,753 13 Revenues 30,784 30,986 33,445 28,193 21 - Power Products 11,052 10,820 12,281 10,237 17 - Power Systems 6,748 6,676 7,538 6,083 17 - Automation Prod. 8,416 8,424 9,504 7,344 17 - Process automation 6,695 6,650 7,958 5,380 17 - Robotics 998 1,014 1,276 803 17 EBIT* 3,833 3,701 4,534 3,117 12 Special Items -384 -420 0 -500 12 EBIT 3,516 3,498 4,263 2,767 21 - Power Products 1,715 1,712 2,120 1,271 17 - Power Systems 442 423 586 163 17 - Automation Prod. 1,170 1,121 1,647 991 17 - Process automation 545 526 832 323 17 - Robotics -38 -38 68 -143 17 Pretax profit 3,478 3,392 4,385 2,878 20 Net income 2,303 2,275 2,850 1,876 19 EPS - fully diluted 1.01 1.00 1.25 0.81 19 Dividend per share 0.48 0.48 0.54 0.43 11 * before special items Estimates were obtained from the following banks: ABG Sundal Collier, Bank of America - Merrill Lynch, Bank Vontobel, Cheuvreux, Citi, Credit Suisse, Danske Markets Equities, Deutsche Bank, Erik Penser, Evli, Goldman Sachs, Handelsbanken Capital Markets, Helvea, HSBC, JP Morgan, Jyske Bank, Kepler Capital Markets, Main First Bank, Morgan Stanley, Natixis, Nomura Securities, Redburn Partners, Sal. Oppenheim, Sanford Bernstein & CO, SEB Enskilda, Societe Generale, Swedbank, UBS, ZKB Data compiled by Inquiry Financial Intelligence. For more details on the data, please click on www.ConsensusEstimates.com (Editing by Jon Loades-Carter)

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