HEXPOL acquires 80 percent of the shares in Piedmont Resin Supply LLC, a leading US Nylon compounder
HEXPOL has signed an agreement to acquire 80 percent of the shares in Piedmont Resin Supply, LLC (Piedmont) from the founder Mr. Matt Griffith and Mr. Paul Daniel. Piedmont was founded in 2013 and has grown to become one of the largest independent nylon compounders in the US. The company is an industry leader in technical nylon compounds on the US market and services a variety of customers within automotive, transportation and the furniture industries. Piedmont operates a well invested manufacturing facility in Cartersville, GA with some 60 employees and further capacity to grow. The
Read more →Securitas AB to publish the Interim Report January-September 2024 on November 6, 2024
Securitas AB will publish the Interim Report January-September 2024 on Wednesday November 6, 2024,
at 8.00 a.m. (CET).
8.00 a.m. (CET) Report release
The report will be sent as a press release from Cision (www.cision.se) and will automatically be published on www.securitas.com when released.
9.00 a.m. (CET) Presentation slides available
For presentation slides, follow the link
www.securitas.com/en/investors/financial-reports-and-presentations
9.30 a.m. (CET) Telephone conference and audio cast
Analysts and media are invited to participate in a telephone conference at 9.30 a.m.
Read more →Interim report January-September 2024
JULY – SEPTEMBER 2024
· Sales amounted to 4,977 MSEK (5,461).
· EBIT amounted to 800 MSEK (930).
· EBIT-margin amounted to 16.1 percent (17,0).
· Profit after tax amounted to 559 MSEK (670).
· Earnings per share amounted to 1.62 SEK (1.95).
· Operating cash flow amounted to 803 MSEK (963).
JANUARY – SEPTEMBER 2024
· Sales amounted to 15,743 MSEK (17,178).
· EBIT amounted to 2,616 MSEK (2,821).
· EBIT-margin increased to 16.6 percent (16.4).
· Profit after tax amounted to 1,867 MSEK (2,017).
· Earnings per share amounted to 5.42 SEK (5.86).
·
Read more →Hexagon Interim Report 1 January - 30 September 2024
Third quarter 2024
• -2 per cent organic revenue growth (using fixed exchange rates and a comparable group structure)
• Net sales decreased by -4 per cent to 1,299.8 MEUR (1,352.1)
• Net sales including the reduction of acquired deferred revenue amounted to 1,299.8 MEUR (1,349.8)
• Adjusted gross margin of 67.1 per cent (65.5)
• Adjusted operating earnings (EBIT1) decreased by -4 per cent to 376.6 MEUR (393.0)
• Adjusted operating margin amounted to 29.0 per cent (29.1)
• Earnings per share, excluding adjustments, amounted to 10.1 Euro cent (10.6)
• Earnings per share, including
Read more →Hexagon evaluating potential separation of its Asset Lifecycle Intelligence business
Hexagon AB (Nasdaq Stockholm: HEXA B) announces that the Board of Directors has authorised management to evaluate a potential separation of its Asset Lifecycle Intelligence (ALI) business (“NewCo”) by way of a Lex Asea distribution (or “spin-off”) to its shareholders. Hexagon is evaluating listing options for NewCo in the U.S. and Sweden.
NewCo is also expected to include the ETQ business (currently operating under the Manufacturing Intelligence division), the Bricsys business (currently operating under the Geosystems division) and the Utilities & Infrastructure business that is
Read more →Quarterly Report Q3 2024
Record operating profit
Third quarter
· Net sales increased by 1% to SEK 37,418 M (36,881), with positive organic growth of 0% (1) and acquired net growth of 4% (11). Exchange- rates affected sales by –3% (4).
· Organic sales growth was good in Americas and Global Technologies, stable in EMEIA, while organic sales declined in Entrance Systems and Asia Pacific.
· Seven acquisitions with combined annual sales of about SEK 4 billion were completed in the quarter.
· Operating income[1] (EBIT) increased by 8% and amounted to SEK 6,255 M (5,777), with an operating margin of 16.7%
Read more →ASSA ABLOY enters into an agreement to sell Citizen ID
ASSA ABLOY has signed an agreement to sell its Citizen ID business to TOPPAN.
The Citizen ID business area of HID manufactures, designs, and implements physical and mobile identity solutions for government to citizen programs around the globe. Citizen ID has some 450 employees with manufacturing facilities in Ireland, Malta and the US. Sales in 2023 amounted to about SEK 1,300 M.
"I find it very satisfying that with TOPPAN, Citizen ID and its employees and customers get a committed long-term owner, creating new opportunities for the future and I wish them every success,” says Nico
Read more →Nomination Committee for the ASSA ABLOY 2025 Annual General Meeting
The following representatives of ASSA ABLOY AB’s shareholders will be members of the Nomination Committee for the 2025 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 2025 regarding the election of
Read more →Changes to the Securitas Group Management team
Jorge Couto, currently Divisional President Securitas Ibero-America, has been appointed as the new Divisional President North America, and Zacarías Erimías, who is currently Country President Spain, has been appointed his successor and becomes the new Divisional President Securitas Ibero-America and member of Group Management effective November 1, 2024.
Securitas’ focus remains on becoming the leading intelligent security solutions partner for its clients by combining extensive presence with connected technology and intelligent use of data. The company is happy to promote two of its talented
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