Assa Abloy : Feedback from road show with CFO: the group is counting on the non residential segment to drive the recovery
>The management set out its battle plan --
The CFO acknowledged that Q1 was disappointing in terms of EBIT margin, with a drop through margin of 77%, which was therefore a major amplifier of the fall in activity on an organic basis (-3.5%) due to a one-off disorganisation of the logistics chain in China and a big stoppage in March in a number of countries. The management does not expect the same type of impact in Q2, with the first effects of the restructuring expect...
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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