Assa Abloy : A very solid Q2, EBIT margin returns to growth
>Q2 2019: organic growth of 3.3% and EBIT margin up +20bp - Yesterday, Assa Abloy published its Q2 2019 results which were in line in terms of organic sales growth and above forecasts for the EBIT margin. Our takeaways are as follows: Organic growth of 3.3% (5.4% in Q1) including a price effect of 2% and, above all, an unfavourable impact from the number of working days (-2 days). All of the divisions made progress but Americas and Global Tech are those that drov...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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