Assa Abloy : Feedback from roadshow with CFO: confidence on Q2; less visibility beyond
>A good Q1 2023 with markets still dynamic apart from the residential segment - We organised a road show on Friday 28 April with the group’s CFO. The latter was confident, particularly in Assa's ability to adapt its cost structure to a potentially less buoyant market.At this stage, demand has shown no sign of any significant change in trend, including in the first few weeks of April, with the non-residential segment notably still showing positive momentum (double...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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