30 Nov 2008

Market marks words

Dagens Industri 30 November 2007

The market is extremely nervous at the moment. It showed yesterday as ASSA ABLOY increased following a growth target upgrade. The target was adjusted from a 5 percent average organic growth, to a 10 percent average increase through organic growth and acquisitions.

The key word was acquisitions, an element that ASSA ABLOY had not specified earlier. But later, when the market realized the upgrade was not really an upgrade, the ASSA ABLOY stock fell back. The market also had hopes for an upgraded operating margin - but it remained unadjusted.

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