Assa Abloy : After a solid Q4, 2023 gets off to a good start
>A solid Q4 2022 with a positive surprise on the dividend and cash flow - On Friday morning, the group published a quality set of Q4 2022 results, broadly in line with expectations at the operational level. Sales grew 9% on an organic basis, of which a volume effect of 4% and a price effect of 5%. EBIT was SEK 5.2bn, up 28% and in line with forecasts. At 15.7%, the margin was stable and a shade below forecasts (15.8%). Operational cash flow and the dividend were ...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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