Assa Abloy : Cyber security: a European directive as a support for growth
The European NIS2 directive (on cyber security), currently being implemented, should provide support for Assa Abloy's commercial segment in Europe. This, combined with a recovery in the residential segment in Nordic countries and a still solid US commercial segment, should gradually help to improve top line momentum (return towards 4-5%) and offset the negative sentiment associated with the disappointing outlook for the US residential market. Outperform rating confirmed – target price raised to SEK363.ASSA ABLOY provides a range of door opening solutions. Co. is organized into five divisions. Europe, Middle East and Africa division, Americas (North and South America) division and Asia Pacific (Asia, Australia and New Zealand) division manufacture and sell mechanical and electromechanical locks, security doors and hardware in their respective geographical markets. Global Technologies division operates worldwide in the product areas of access control systems, secure card issuance, identification technology and hotel locks. Entrance Systems division is a global supplier of entrance automation products and service.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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