Assa Abloy : Non-recurring items in Q4 and also in 2020, the underlying is better
>Q4 2019: 0.6% organic growth and a stable adjusted EBIT margin - Assa Abloy reported on Thursday 6 February, its Q4 2019 results, which were in line with expectations, which were adjusted down in recent weeks. We note the following points:Organic growth was 0.6% including a price effect of 1% and including an unfavourable number of working days impact (-1 day). The group was, moreover, adversely affected by a three-day strike in Finland which resulted in a produ...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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