Assa Abloy : Solid Q3 results, especially on the EBIT margin side
>Q3 2024: organic revenue growth stable, EBIT margin 16.7% (+100bp) - Sales reached SEK 37.4bn, stable organically which is slightly below the consensus (1.1%), with pricing +1% and volumes -1%. The Americas (thanks notably to the US non-residential market), EMEIA (rebound in Nordics & Central Europe) and Global Technologies divisions were more resilient, with revenues up 4%, 1% and 2% respectively on a like-for-like basis.Entrance Systems and Asia-Pacific r...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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