Report
Delphine Brault ...
  • Quentin Borie

Assa Abloy : Solid Q4 results in line with expectations, except for very strong cashflow

>Q4 organic growth +9%, EBIT margin 15.7% - Sales reached SEK 32.9bn, up 9% organically which is in line with the consensus (8.8%). The Americas and entrance systems divisions reported revenues up 11% and 10%, respectively, on a like-for-like basis. Global tech accelerated its rebound thanks to the launch of redesigned products and recovery in the travel-related segments (+24% organically) and surprised positively (css at 17%).EMEA revenues were up 2% o...
Underlying
ASSA ABLOY AB Class B

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Delphine Brault

Quentin Borie

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