Assa Abloy's 3Q: Europe Is Slowing, but Modern Locking Solutions Can Absorb Some of the Slowdown
Our key takeaways from wide-moat Assa Abloy's third-quarter results include the following: 1) demand for modern locks such as digital locks and electromechanical locks remains strong; 2) raw material prices continue to pester margins but could be offset by first-quarter 2019; and 3) Europe's construction demand is showing signs of returning to midcycle levels. For the first nine months of 2018, 9% revenue growth, including acquisitions, is tracking slightly higher than our full-year forecasts, w...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.
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