AAK’s interim report for the third quarter 2022 – strong profit growth despite challenging macro-economic climate
AAK Group
· Total volumes decreased by 4 percent, to 559,000 MT (583,000).
· Operating profit, including a positive currency translation impact of SEK 148 million, increased by 28 percent, reaching SEK 822 million (642). At fixed foreign exchange rates, operating profit increased by 5 percent.
· Profit for the period amounted to SEK 611 million (464).
· Earnings per share amounted to SEK 2.36 (1.80).
· Cash flow from operating activities amounted to negative SEK 40 million (negative 20).
· Return on Capital Employed (ROCE), R12M, was 14.8 percent (15.6 at December 31,
Read more →Interim report January - September 2022
JULY – SEPTEMBER 2022
· Sales increased by 44 percent and amounted to 5,921 MSEK (4,108).
· EBIT amounted to 838 MSEK (1,105).
· EBIT-margin amounted to 14.2 percent (26.9).
· EBIT amounted to 838 MSEK and increased by 24 percent compared to adjusted EBIT (excl. non-recurring items) of 677 MSEK previous year.
· EBIT-margin amounted to 14.2 percent compared to adjusted EBIT-margin (excl. non-recurring items) of 16.5 percent previous year.
· Profit after tax amounted to 615 MSEK (841).
· Earnings per share amounted to 1.79 SEK (2.44).
· Operating cash flow amounted
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Henrik Zetterberg is appointed Divisional President Europe as Peter Karlströmer steps down.
Securitas is a world-leading safety and security solutions partner and provides outstanding services for our clients by combining our extensive presence with connected technology and intelligent use of data.
Today, we are happy to announce that Henrik Zetterberg, currently Chief Operating Officer Europe and a member of Group Management and with Securitas since 2014, is appointed to the role of Divisional President Europe as Peter Karlstromer steps down. All other Group Management members continue
Read more →ASSA ABLOY formally responds to the DOJ’s complaint to block the acquisition of the Hardware and Home Improvement division
Today, ASSA ABLOY formally filed its response to the U.S. Department of Justice´s (“DOJ”) complaint to block the proposed acquisition of the Hardware and Home Improvement division (“HHI”) of Spectrum Brands.
On September 8, 2021, ASSA ABLOY announced it had signed an agreement to acquire the HHI division of Spectrum Brands (NYSE:SPB) for a purchase price of MUSD 4,300 on a cash and debt free basis. On September 15, 2022, the DOJ announced that it will seek to block the proposed acquisition of HHI.
ASSA ABLOY and Spectrum Brands are vigorously contesting in court the effort by the DOJ
Read more →Invitation to AAK’s presentation of the third quarter on October 25
In connection with the release of AAK’s Interim report for the third quarter 2022, we invite you to a press and analyst conference to be held on Tuesday, October 25, 2022, at 10 a.m. CET.
The conference will be chaired by Johan Westman, President and CEO, and Tomas Bergendahl, CFO.
The presentation will be held in English.
The presentation can be followed by phone or via a webcast. Please note that questions may be asked by phone only.
To follow the conference by phone, please use one of the numbers below, followed by pin code 2174196.
SE: +46 8 505 163 86
UK: +44 20
Read more →David Mills to be appointed new Chief Financial Officer for Hexagon
Hexagon AB, a global leader in digital reality solutions, combining sensors, software and autonomous technologies, today announced that David Mills will succeed Robert Belkic as Chief Financial Officer (CFO) for Hexagon AB, effective 1 July 2023.
David Mills, currently CFO of Hexagon’s Manufacturing Intelligence (MI) division, will be appointed CFO for Hexagon AB as of 1 July 2023. In his role, David will lead Hexagon’s finance functions, supporting Hexagon’s newly appointed President and CEO Paolo Guglielmini. David has worked closely with Paolo since 2010, nurturing MI’s organic growth
Read more →Invitation to presentation of Hexagon's Interim Report on 27 October
Hexagon will release its Interim Report for the third quarter 2022 on Thursday 27 October at approximately 08:00 CET. A combined telephone conference and live webcast concerning the report will be presented by President and CEO Ola Rollén on the same day at 10:00 CET.
Please call +46 (0) 8 566 426 51 (SWE), +44 (0) 333 300 0804 (UK), +1 631 913 1422 (US) (code: 59571996#) to participate in the telephone conference or visit hexagon.com (http://www.hexagon.com/) to access the webcast.
The presentation material will also be available for viewing on the Company’s website on-demand.
For
Read more →AVVIR joins Hexagon, strengthening Hexagon’s ability to intelligently power the construction industry with Smart Digital Realities[TM]
Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies, today announced it will integrate AVVIR’s AI-powered technology stack into its portfolio of solutions that address the inherent challenges of the construction lifecycle. Since 2017, AVVIR has enabled intelligent, data-driven job sites that empower commercial, infrastructure and industrial construction professionals to reliably and safely deliver on schedule and within budget.
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Read more →ASSA ABLOY acquires Bird Home Automation GmbH in Germany
ASSA ABLOY has acquired Bird Home Automation GmbH (“DoorBird”), a German manufacturer of high-quality IP door intercom for single and multi-family buildings, for indoor station or smartphone control, marketed under the trademark DoorBird.
"I look forward to welcoming DoorBird and their employees into the ASSA ABLOY Group. DoorBird is a strategic technological addition to the ASSA ABLOY Group and will reinforce our offering with IP door intercom and provide complementary growth opportunities,” says Nico Delvaux, President and CEO of ASSA ABLOY.
"I am delighted to welcome the DoorBird
Read more →