Assa Abloy : The acquisition of HHI, which acted as a drag in 2023, should be a strength in 2024
>Q4 2023 a shade below forecasts, but the margin is very solid - The group reported yesterday morning Q4 2023 results just below forecasts at the operating level. Sales rose by 0.5% on an organic basis, of which a volume effect of -2% and a price effect of just over 2%. Adjusted EBIT was SEK 5.7bn, up 11% and 2% below forecasts. At 15.5%, the margin was down 20bp and a shade below forecasts (15.6%). The acquisition of HHI had a dilutive impact of 130bp on the mar...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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