Assa Abloy : Feedback from roadshow with CFO: the group is working to improve its EBIT margin and continues to target 16%
>The top line is set to continue to improve on a sequential basis - We organised a virtual roadshow with the CFO of Assa Abloy yesterday.Q1 2021 was characterised by a return to organic growth, at 3.7%, after four straight quarters in negative territory. The group highlighted robust demand in the residential segment (25% of sales). The non-residential segment remains under pressure in the US, although management indicated a sequential improvement in Q1, which con...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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