Assa Abloy : Q4: very strong growth and launch of a new cost savings plan
>High-quality Q4, with 6.4% organic growth - Assa Abloy yesterday published its Q4 2018 results, which came in well above forecasts for the top line and slightly below forecasts for the EBITA margin. Our takeaways are as follows:Organic growth of 6.4% (including a price effect of 2%), fuelled by the Americas (14.3%) and APAC (11%) divisions while EMEA and Entrance Systems chalked up more modest growth (2.5% and 2.3% respectively). Acquisitions contributed 3.6% to...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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