Assa Abloy : Volumes in decline in Q2 2023
>-1% for volumes in Q2 but EBIT margin still very solid - The group yesterday morning reported solid Q2 2023 results, but with volumes in negative territory. Sales increased by 3% in organic terms, with a volume effect of -1% and a price effect of 4%. Adjusted EBIT came to SEK 5.5bn, up 25%, with the margin improving by +100bp to 16%. The group benefited from a favourable mix effect (+200bp) thanks to a good performance from the Global Technologies division and, to a ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.