Assa Abloy : After negative volumes in H1 an improvement should materialise
>Q2 2024: volumes down -3% on the top line, but margin holds up - The group reported yesterday morning Q2 2024 results in line with expectations at the operating level. Revenues declined by 1% on an organic basis, of which -3% was due to the volume effect (fifth consecutive quarter of negative volumes, after -4% in Q1) and +2% to the price effect.Adjusted EBIT rose by 10.6% to SEK 6.1bn. The margin of 16% was stable and slightly above expectations (15.9%). The ad...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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