Assa Abloy : Road show feedback: no change in trend, growth set to slow
>Confirmation of the slowdown expected in Q3 - The group confirmed its more cautious market outlook, amid slowing macroeconomic conditions and geopolitical tensions.Demand in Scandinavia (9% of sales) is slowing (around 2% growth estimated in Q2 vs +10% in 2017 and +5% in 2018). The group indicated that, aside from demand, the working days effect, which was negative in Q2, may have impacted on this growth.In the US (37% of sales), demand on the commercial si...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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