Assa Abloy : Q3 preview: back to positive organic growth
>Q3: sequential improvement thanks to comparison base - We expect Q3 to be better than Q2. We see revenues growing 1.2% in organic terms (vs -2% in Q1 and -1% in Q2) and a margin of 16.3% (vs 15.7% in Q3 2023 and 16% in Q2 2024).Firstly, underlying demand is largely unchanged, with the residential market still not in great shape, except for the US and Nordic countries which have hit bottom and are showing tentative signs of recovery. The non-residential segm...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.