Assa Abloy : Group warns Q2 will be very tough
>Q1 2020: margin plummets, cash flow holds up - Assa Abloy yesterday released its final Q1 2020 results, which were in line with the preliminary results reported on 6 April. We note the following points:Organic growth of -3.5%, including a price effect of 1%. The Americas division continues to impress, with stable organic growth (despite a challenging base effect). In contrast, the Asia-Pacific division saw a 34% organic contraction in business, penalised by the ...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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