Assa Abloy : Slowdown/downturn is not yet visible but group is gearing up for it
>Q2 2022 results a shade ahead of expectations - The group yesterday morning reported its Q2 2022 results, with EBIT 3% higher than the consensus expectations, mainly due to better-than-expected organic growth in the business. Sales reflected organic growth of 13%, of which 7% was a volume effect and 6% a price effect. EBIT reached SEK4.4bn, +23%. The margin at 15.0%, reflected a contraction of 20bp. Operating cash flow was the real pleasant surprise of this...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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