Assa Abloy: Oddo confirms opinion after results
(CercleFinance.com) - Oddo remains on 'Buy' on the share and confirms the target price of 207 SEK after the announcement of Q2 2018 figures.
Assa Abloy has published results in line with expectations. The Group reported organic growth of 4.9% driven by that of the Americas (9%), Global Tech (6%) and Entrance Systems (6%) divisions. Operating cash-flow reached 2,855 million SEK in the second quarter, up 11%.
“We consider that a large part of the aspects that were detrimental to this quarter will progressively improve (China, raw materials), especially with the measures (price increases, change of organisation in China) put in place”.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Assa Abloy has published results in line with expectations. The Group reported organic growth of 4.9% driven by that of the Americas (9%), Global Tech (6%) and Entrance Systems (6%) divisions. Operating cash-flow reached 2,855 million SEK in the second quarter, up 11%.
“We consider that a large part of the aspects that were detrimental to this quarter will progressively improve (China, raw materials), especially with the measures (price increases, change of organisation in China) put in place”.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.