Report
Delphine Brault

Assa Abloy : T1 : très forte croissance, la marge d’EBIT déçoit

>T1 2019 : 5.4% de croissance organique mais -20 pb sur la marge EBIT - Assa Abloy a publié hier ses résultats T1 2019 qui étaient supérieurs aux attentes sur la topline et légèrement en dessous au niveau de la marge d’EBIT. Nous retenons les éléments suivants : :Une croissance organique de 5.4% (6.4% au T4) dont 2% d’effet prix, tirée par les divisions Americas et Global Tech (respectivement 10% et 9% de croissance organique) tandis que la division EMEA et la Ch...
Underlying
ASSA ABLOY AB Class B

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Delphine Brault

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