28 Aug 2008

ABB the best engineering company in the stock market turbulence

Dagens Industri 8/28/2007

ABB and ASSA ABLOY are two of the engineering shares on the Stockholm Stock Exchange having handled the recent anxiety the best. The fact that ASSA ABLOY has beat the index is explained by the fact that the majority of the company's sales go to the replacement market. An anonymous analyst says that ASSA ABLOY is a late-cyclical company not primarily affected by the cyclical course of events. ASSA ABLOY has a more stable income level with a high level of replacement market.

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