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dormakaba : The elements that acted as a drag in H1 risk persisting in H2
>No reason to panic… or to rejoice - We recently had contact with the company. Our takeaways are as follows: The safe locks business in the US does not appear to be showing signs of a recovery to date, which had been largely anticipated. It represents around 5% of the Access Solutions divisions, on our estimates, mainly in the US. One of the reasons for the contraction in the EBITDA margin for the Americas division in H1 (-180bp) is linked to the much higher marg...
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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.
Delphine Brault
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