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4-Traders Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  ABB Ltd.    ABB   CH0012221716

Delayed Quote. Delayed  - 09/28 05:29:35 pm
193.5 SEK   +0.21%
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ABB Wins $35 Million Order For Icebreaker in Russia's Arctic

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10/01/2012 | 11:25am CEST

ZURICH--ABB Ltd (ABBN.VX) Monday said it won an order worth $35 million from the Baltic Shipyard Ltd. to supply powerful propulsion and energy efficient electrical systems for a new icebreaker vessel under construction for Russia's state shipping company Rosmorport.

MAIN FACTS:

- The order was booked in the third quarter of 2012.

- The 25 megawatt line diesel-electric icebreaker is the next-generation multifunctional diesel-electric icebreaker.

- The navigation area of the icebreaker is the Northern Sea Route, the Arctic seas and estuaries of rivers discharging into the Arctic Ocean.

- The icebreaker is able to proceed continuously both ahead and astern at the speed of 2 knots in compact ice field up to 2 metres thick with 20cm of snow cover and temperatures as low as minus 35 degrees Celsius.

- Considerable gains in energy efficiency can be achieved using an Azipod® propulsion system, with up to 20 percent fuel reduction.

- The delivery schedule is due to start in 2013 and the vessel will be delivered to Rosmorport in 2015.

-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; zurichdjnews@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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Financials ($)
Sales 2016 34 356 M
EBIT 2016 3 621 M
Net income 2016 2 040 M
Debt 2016 2 325 M
Yield 2016 3,39%
P/E ratio 2016 23,33
P/E ratio 2017 19,31
EV / Sales 2016 1,52x
EV / Sales 2017 1,46x
Capitalization 49 768 M
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Mean consensus HOLD
Number of Analysts 30
Average target price 21,2 $
Spread / Average Target -5,5%
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Managers
NameTitle
Ulrich Spiesshofer President & Chief Executive Officer
Peter R. Voser Chairman
Eric A. Elzvik Chief Financial Officer
Andy Tidd Head-Information Systems
Bazmi Rizwan Husain Chief Technology Officer
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