Assa Abloy : The trend towards an improvement was confirmed in Q2
>Q2 2021 slightly better than expected - The group published its Q2 2021 results yesterday morning with EBIT coming in 3.5% above the consensus forecast. Sales grew 23% on an organic basis, driven by Europe and the US, aided by a very favourable base effect. EBIT reached SEK 3.6bn, giving a margin of 15.2%, which includes a 50bp dilutive impact from acquisitions. Operating cash flow remained very solid (+6% to SEK 3.6bn), with a firm grip on the WCR. See page 2 ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.