Assa Abloy : Roadshow feedback: a more cautious stance, mainly due to poorer visibility
>The resurgence in COVID infection rates is hurting business in the short term and impairing visibility - We organised a roadshow last week with Nico Delvaux, the CEO of Assa Abloy. We found his tone more cautious than at the time of the Q2 2021 earnings release on 19 July. In North America (38% of sales generated in the US), residential demand remains robust and the recovery in the commercial segment continues to show through. Project quote applications are up (...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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