Strong profit growth, including a sequential volume improvement
AAK Group
· Total volumes decreased by 5 percent to 529,000 MT (559,000), mainly due to declines in Chocolate & Confectionery Fats and the optimization program in Bakery.
· Including currency translation gains of SEK 32 million, operating profit increased by 39 percent, reaching SEK 1,143 million (822). At fixed foreign exchange rates, operating profit, increased by 35 percent.
· Profit for the period totalled SEK 807 million (611).
· Earnings per share equalled SEK 3.10 (2.36).
· Cash flow from operating activities amounted to SEK 1,214 million (negative 40).
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Read more →Quarterly Report Q3 2023
Continued strong execution
Third quarter
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Net sales increased by 16% to SEK 36,881 M (31,820), with organic growth of 1% (14) and acquired net growth of 11% (3). Exchange-rates affected sales by 4% (16).
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Good organic sales growth in Global Technologies and Americas, stable organic sales in Entrance Systems, while organic sales declined in Asia Pacific and EMEIA.
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Ten acquisitions with combined annual sales of about SEK 2,000 M were signed in the quarter.
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The operating margin (EBITA) was 16.7% (16.2).
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Operating income[1] (EBIT) increased by 16% and
Read more →Nomination Committee for the ASSA ABLOY 2024 Annual General Meeting
The following representatives of ASSA ABLOY AB’s shareholders will be members of the Nomination Committee for the 2024 Annual General Meeting:
- Johan Menckel, Investment AB Latour, Chairman of the Nomination Committee
- Mikael Ekdahl, Melker Schörling AB
- Marianne Nilsson, Swedbank Robur Fonder
- Yvonne Sörberg, Handelsbanken Fonder
- Carina Silberg, Alecta
The Chairman of the Board, Johan Hjertonsson, has been co-opted to the Nomination Committee.
The Nomination Committee shall prepare proposals for the Annual General Meeting in 2024 regarding the election of
Read more →ASSA ABLOY’s Capital Markets Day, May 14-15, 2024 – save the date
ASSA ABLOY will host an in-person Capital Markets Day (CMD) in the afternoon on the 14[th] of May 2024 in Prague and a site visit on the 15[th] of May 2024 at our largest cylinder factory in Europe, located in Rychnov, about two hours outside Prague.
During the CMD, Nico Delvaux, CEO, and Erik Pieder, CFO, will give an update of ASSA ABLOY’s strategy and direction. Other members of the executive team will also participate.
More detailed information will be provided prior to the event. ASSA ABLOY will arrange bus transportation to/from the factory in Rychnov with return to Prague
Read more →Invitation to presentation of Hexagon's Interim Report on 27 October
Hexagon will release its Interim Report for the third quarter 2023 on Friday, 27 October, at approximately 08:00 CET. President and CEO Paolo Guglielmini will host a live webcast and telephone conference at 10:00 CET.
Webcast:
The webcast will be streamed here (https://edge.media-server.com/mmc/p/kaam6xmx/).
Telephone conference:
Anyone interested in participating in the Q&A session following the first quarter Interim Report presentation must register here (https://register.vevent.com/register/BI58e0df28dce94ffd91cef2691b489326).
1. Upon registering, each participant will be
Read more →Preliminary results: Strong profit growth and sequential volume improvement
AAK's diversified business maintained its strong momentum in the third quarter, resulting in a 39 percent increase in operating profit compared to the same period last year. Similar to the first half of this year, the increase in operating profit was mainly driven by higher sales of speciality solutions, productivity improvements and price management. Currencies provided a SEK 32 million tailwind in the third quarter.
Volumes improved sequentially by 5 percent compared to the second quarter this year but declined by 5 percent compared to the third quarter last year. The year-on-year
Read more →ASSA ABLOY acquires Securitech Group Inc. in the US
ASSA ABLOY has acquired Securitech Group Inc. (“Securitech”), a manufacturer of high-security mechanical and electronic door hardware products in the U.S.
"I am very pleased to welcome Securitech into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of ASSA ABLOY.
"Securitech’s focus on innovative, high-security locking solutions fills several gaps in our existing door hardware portfolio and I’m excited for them to
Read more →Invitation to the presentation of ASSA ABLOY’s Q3 report on 25 October starting at 09:30am (CEST)
ASSA ABLOY will release its Q3 report 2023 on Wednesday 25 October 2023 at 08:00 am (CEST). A conference call and webcast will be held following the release of the results, starting at 09:30 am (CEST) and continuing until 10:30 am (CEST). The presentation will be hosted by Nico Delvaux, President and CEO, and Erik Pieder, CFO, followed by questions and answers.
Slides used in the presentation will be available shortly after the release of the report on our website.
Enter the conference call and download presentation material at:
assaabloy.com/investors (https://www.assaabloy.com/
Read more →ASSA ABLOY acquires Inovadoor in Brazil
ASSA ABLOY has acquired Inovadoor Portas Industriais Ltda, a Brazilian manufacturer of sectional and high-speed doors.
"I am very pleased to welcome Inovadoor into the ASSA ABLOY Group. This acquisition delivers on our strategy to reinforce our current offering within entrance automation in emerging markets,” says Nico Delvaux, President and CEO of ASSA ABLOY.
“By leveraging Inovadoor’s local manufacturing capabilities, nationwide reach, and exceptional reputation, we will strengthen our footprint in Brazil and pave the way for future expansion and growth opportunities in both Brazil
Read more →