Assa Abloy : A very good start to the year, we are confident in the improvement in the EBIT margin in 2022e
>A very good start to the year: sales +14% on an organic basis - The group published its Q1 2022 results yesterday morning with EBIT 7% above the consensus forecast. Sales rose by 14% on an organic basis, mainly bolstered by the Americas (+22%) and Entrance Systems (+20%).EBIT totalled SEK 4bn, i.e. a margin of 15% (+40bp vs Q1 2021).Operating cash flow was down 65% to SEK 912m, penalised by the rise in trade receivables (linked to organic growth) and stocks...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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