Assa Abloy : Q4 results slightly below expectations, but the margin excluding HHI reached 16.8%, showing very strong resilience
>Q4 organic revenue growth 0.4%, adjusted EBIT margin 15.5% (-20 bp) - Sales reached SEK 36.97bn, up 0.4% organically which is in line with our expectations (0.1%) and those of the consensus (0.3%). The Americas (thanks to the US non-residential market) and Entrance systems divisions posted positive growth, with revenues up 5% and 3% respectively on a like-for-like basis. EMEIA and Asia-Pacific revenues were down 2% and 1% respectively, with a further decli...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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