The passing of Melker Schörling
On December 9, we received the sad news of Melker Schörling’s passing. Melker Schörling was appointed CEO and President of Securitas in 1987, concurrently becoming an owner, and shortly thereafter, Securitas was listed on the Stockholm Stock Exchange. In 1992, he became Chairman of the Board, a position which he held for 25 years until 2017.
Read more →Melker Schörling, Hexagon's principal shareholder and long standing chairman has passed away.
We at Hexagon AB are deeply saddened by the passing of Melker Schörling.
Melker not only leaves behind an enduring legacy through his business endeavours but he was also a person who had an impact on all of us who had the pleasure of working with him.
Ola Rollén, Chairman of the Board of Hexagon AB: “Melker acquired the controlling stake in Hexagon in 1998 and became Chairman in 1999. I first met Melker in 2000, my strongest memory from that first meeting was when he said: “I invest in people, a good person will make a good business.”He taught me high standards and empathy in business.
Read more →Hexagon Capital Markets Day 2023
· Reaffirms its mid-term targets for 2022-2026
· Average annual organic growth of 5-7%
· Average annual structural (M&A) growth of 3-5%
· EBIT1[1] operating margin (incl. PPA) of more than 30% by the end of 2026
· Reaffirm the 80-90% per annum cash conversion target rate
· Announces plans to reach 95% reduction of scope 1 and 2 emissions by 2030 and net-zero by 2050
· Increases financial disclosure on a quarterly basis
· Proposes to adjust management incentives to be aligned with the 2026 financial targets, including the cash conversion target rate
Hexagon AB
Read more →ASSA ABLOY acquires Ghost Controls in the US
ASSA ABLOY has acquired Ghost Controls, a US supplier of automated residential gate openers.
"I am very pleased to welcome Ghost Controls 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.
“Ghost Controls impressive development within the residential gate automation industry and their strong culture of innovation makes them a very good complement to our core business, and I am very excited for them
Read more →ASSA ABLOY acquires Leone Fence in Canada
ASSA ABLOY has acquired Leone Fence, a Canadian manufacturer, distributor and installer of fencing products for commercial and residential applications.
"I am very pleased to welcome Leone Fence into the ASSA ABLOY Group. This acquisition reinforces our current offering within perimeter security in the Canadian market,” says Nico Delvaux, President and CEO of ASSA ABLOY.
“The acquisition of Leone Fence presents an exciting opportunity within our Perimeter Security offering. By combining our core competencies, we can strengthen our ability to quickly enter the market, develop new
Read more →Hexagon AB’s Nomination Committee proposes the election of two new independent Board Members
Hexagon AB's Nomination Committee proposes the election of Annika Falkengren and Ralph Haupter as new independent members of Hexagon's Board of Directors at the Annual General Meeting (AGM) on 29 April 2024.
Annika Falkengren brings extensive expertise from a successful international career in the financial industry. Having led Skandinaviska Enskilda Banken (SEB) as President and CEO for more than a decade, Falkengren became Managing Partner at the Swiss private bank Lombard Odier in 2017. Based in Switzerland, Annika Falkengren will chair the Audit Committee upon joining the board of
Read more →HEXPOL acquires the American TPE Compounder Star Thermoplastic Alloys and Rubbers, Inc.
HEXPOL has acquired 100% of the shares in the American TPE Compounder Star Thermoplastic Alloys and Rubbers, Inc. (“Star Thermoplastics”) from Thomas A. Dieschbourg. Through the acquisition, HEXPOL establishes presence on the growing American TPE market. Thomas A. Dieschbourg founded the company in 1993 and has developed the company into a technically advanced TPE company. Thomas A. Dieschbourg will remain as the President of the company.
“The acquisition of Star Thermoplastics is in line with our growth strategy and will enable HEXPOL to enter the American TPE market through a well-
Read more →Securitas AB Interim Report Q3 2023 | January–September 2023
July–September 2023
· Total sales MSEK 40 047 (36 013)
· Organic sales growth 8 percent (7)
· Operating income before amortization MSEK 2 764 (2 330)
· Operating margin 6.9 percent (6.5)
· Items affecting comparability (IAC) MSEK –3 673 (–414), relating to the capital loss of MSEK –3 321 from the divestiture of Securitas Argentina, the previously announced transformation programs and the acquisition of STANLEY Security
· Earnings per share before and after dilution SEK –3.58 (2.46)*
· Earnings per share before and after dilution, before IAC, SEK 2.66 (3.24)*
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Read more →Interim report January-September 2023
JULY – SEPTEMBER 2023
· Sales amounted to 5,461 MSEK (5,921).
· EBIT increased by 11 percent and amounted to 930 MSEK (838).
· EBIT-margin amounted to 17.0 percent (14.2).
· Profit after tax increased by 9 percent to 670 MSEK (615).
· Earnings per share amounted to 1.95 SEK (1.79).
· Operating cash flow increased by 37 percent to 963 MSEK (702).
JANUARY – SEPTEMBER 2023
· Sales increased by 3 percent and amounted to 17,178 MSEK (16,748).
· EBIT increased by 15 percent and amounted to 2,821 MSEK (2,449).
· EBIT-margin amounted to 16.4 percent (14.6).
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