Assa Abloy : Q4 could disappoint but the investment case remains intact
>Industrial action in Finland and the comparison base to weigh on Q4 - We have revised down our forecasts for organic growth to 1.4% in Q4 2019 vs 2.8% previously and 1.9% for the current consensus forecast. The following elements are likely to affect the publication (planned for 6 February):Strike action, with a high turnout, is ongoing in Finland (which represents a shade above 10% of sales in EMEA) and the impact on activity could be significant (around 0.5% o...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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