Assa Abloy : Q3: supply chain constraints were managed well, but Asia-Pacific weighed heavily
>Q3 results slightly short of expectations - The group reported its Q3 2021 results yesterday morning, with EBIT coming in 1.5% below consensus expectations, which can be considered a little disappointing as they had adjusted down in recent weeks. Sales grew by 7% on an organic basis, buoyed by the US and Entrance Systems.EBIT totalled SEK 3.6bn, i.e. a margin of 15.0% restated for the capital loss on the sale of CERTEGO. Operating cash flow remained sound at SEK...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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