Jump to main content ASSA ABLOY Group Career HOME NEWS & MEDIA PRESS RELEASES Press releases Category Type Year Sort by 578 results INTERIM REPORT|Regulatory Quarterly Report Q3 2021 2021-10-27 Strong profitable sales growth Third quarter · Net sales increased by 8% to SEK 23,930 M (22,225), with organic growth of 7% (–5) and acquired net growth of 2% (4) · There was very strong organic sales growth in Americas and Entrance Systems and strong organic sales growth in EMEIA and Global Technologies, but sales decreased in Asia Pacific · An agreement was signed to acquire HHI, a leading provider of security, plumbing, and builders’ hardware products to the North American residential segment. This is an important strategic step in further developing the Group’s residential business in North America · In addition to HHI, four other acquisitions with combined annual sales of about SEK 1,500 M were signed · Operating income (EBIT[1])[ ]was SEK 3,392 M (3,593), corresponding to an operating margin of 14.2% (16.2). Excluding an operating loss of SEK 196 M for the CERTEGO divestment in the quarter and a one-time operating gain of SEK 252 M in 2020, the operating margin was 15.0% (15.0) · Net income1[ ]amounted to SEK 2,392 M (2,528) · Earnings per share1[ ]amounted to SEK 2.15 (2.28) · Operating cash flow amounted to SEK 3,619 M (4,407). Sales and income Third quarter January-September 2020 2021 Δ 2020 2021 Δ Sales, SEK M 22,225 23,930 8% 64,351 69,384 8% Of which: Organic growth –1,043 1,576 7% –6,001 6,661 11% Acquisitions and 816 490 2% 2,118 2,211 4% divestments Exchange-rate –1,581 –361 –1% –849 –3,839 –7% effects Operating income 3,593 3,392 –6% 8,441 10,168 20% (EBIT)[1], SEK M Operating margin 16.8% 14.8% 13.8% 15.3% (EBITA)1, % Operating margin 16.2% 14.2% 13.1% 14.7% (EBIT)1, % Income before 3,417 3,233 –5% 7,828 9,719 24% tax1, SEK M Net income1, SEK 2,528 2,392 –5% 5,792 7,858 36% M Operating cash 4,407 3,619 –18% 9,031 9,881 9% flow, SEK M Earnings per 2.28 2.15 –5% 5.21 7.07 36% share1, SEK [1] Excluding non-cash operating income in Q3 2020 from revaluation at fair value of 39% ownership in agta record, totaling SEK 1,910 M. The operating income had no tax impact. Comments by the President and CEO Strong profitable sales growth The reopening of society continued in most of our core markets during the quarter. This contributed to a strong organic sales growth of 7% for the Group in the third quarter. Organic sales growth of 7% in EMEIA and 14% in Americas reflected increased mobility, improved commercial performance and continued strong residential demand in our core markets despite high comparatives versus last year. Asia Pacific’s organic sales declined by 7%, due to new lockdowns in core markets and a slow-down in China. Organic growth in Global Technologies was 7%, driven by higher demand for our office-access solutions and strong growth in non-travel- related verticals. However, component shortages affected the growth negatively and our travel-related business is recovering only slowly. Entrance Systems continued to show very strong organic growth of 10%. Sales for all divisions were affected positively by price adjustments to offset the higher material costs. Operating income, excluding one-time items in both 2020 and 2021, increased by 7% and the adjusted operating margin was 15.0%, the same level as last year on a comparable basis. Thanks to several price adjustments and operational improvements we achieved an operating leverage of 22%, despite the significantly higher material costs, higher logistical costs, and operational challenges linked to component shortages. Operating cash flow was strong and reached SEK 3,619 M with a conversion rate of 112%. Positive growth generating trends As society normalizes, we are seeing increased activity levels in the upgrading and renovation of buildings and premises. There is also a strong positive trend in environmentally adapted construction, another area where we lead the industry and where we are continuing to invest in product innovation. Underlying megatrends including digitalization, urbanization and demand for convenient security solutions in the global markets remain solid, and we are seeing a further acceleration towards electromechanical solutions (where sales in fixed currencies grew by 8% during the third quarter). Acquisitions remain an important pillar of our growth. During the quarter we signed five acquisitions with combined annual sales of about SEK 15 billion. These include, subject to regulatory approval, the Home and Hardware Improvement (HHI) division of Spectrum Brands, which is the largest acquisition in our history. HHI is a great addition to the Group and constitutes an important strategic step in developing our residential business in North America. We look forward to welcoming the HHI employees into the Group and to working together to develop new and exciting residential products that will accelerate our underlying growth. Looking ahead, we expect the growth in the European and American markets to normalize, while the recovery in the travel-related verticals and in Asia will be slower. We also assume material shortages, logistic challenges and cost inflation to continue to impact our markets during the rest of the year. Thank you for your continued support and trust in ASSA ABLOY. Stockholm, 27 October 2021 Nico Delvaux President and CEO Further information can be obtained from: Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82 Erik Pieder, Executive Vice President and CFO, tel.no: +46 8 506 485 72 ASSA ABLOY is holding a telephone and web conference at 09.30 on 27 October 2021 which can be followed online at www.assaabloy.com. It is possible to submit questions by telephone on: +46 8 566 426 93, +44 333 300 9031 or +1 833 526 8380 This information is information that ASSA ABLOY AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CEST on 27 October 2021. Read more Download INVITATION|Non-regulatory Invitation to the presentation of ASSA ABLOY’s Q3 report on 27 October starting at 09:30am (CET) 2021-10-08 ASSA ABLOY will release its Q3 report 2021 on Wednesday 27 October 2021 at 08:00 am (CET). A conference call and webcast will be held following the release of the results, starting at 09:30 am (CET) and continuing until 10:30 am (CET). 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: https://www.assaabloy.com/group/en/investors/ The details for participation by telephone are as follows: · Participants in Sweden should call +46 8566426 93 · Participants in UK/Europe should call +44333300 9031 · Participants in US should call +1833526 8380 For more information, please contact: Katja Vatanen, Investor Relations Coordinator, tel: +46 72 532 19 05 About ASSA ABLOY The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 48,000 employees and sales of SEK 88 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. Read more Download PRESS RELEASE|Regulatory Nomination Committee for the ASSA ABLOY Annual General Meeting 2022 2021-10-05 The following representatives of ASSA ABLOY AB’s shareholders will be members of the Nomination Committee for the Annual General Meeting 2022: - Johan Hjertonsson, Investment AB Latour, Chairman of the Nomination Committee - Mikael Ekdahl, Melker Schörling AB - Marianne Nilsson, Swedbank Robur Fonder - Liselott Ledin, Alecta - Yvonne Sörberg, Handelsbanken Fonder The Chairman of the Board, Lars Renström, shall convene the Nomination Committee to its first meeting and shall also be co-opted to the Nomination Committee. The Nomination Committee shall prepare proposals for the Annual General Meeting in 2022 regarding the election of Chairman of the General Meeting, members of the Board of Directors, Chairman of the Board, Vice Chairman of the Board, auditor, fees for the members of the Board including division between the Chairman, the Vice Chairman and the other Board members as well as fees for committee work, fees to the company’s auditor and, if necessary, changes to the instructions for the Nomination Committee. The Annual General Meeting will be held on April 27, 2022, in Stockholm, Sweden. Shareholders who wish to submit proposals to the Nomination Committee should send an email to nominationcommittee@assaabloy.com. For more information, please contact: Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82 Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72 Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68 About ASSA ABLOY The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 48,000 employees and sales of SEK 88 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. Read more Download PRESS RELEASE|Non-regulatory ASSA ABLOY to acquire Arran Isle Ltd in the UK 2021-09-27 ASSA ABLOY has signed a definitive agreement to acquire Arran Isle, a leading designer, manufacturer and distributor of door and window hardware in the UK and Ireland. "I look forward to welcoming Arran Isle into the ASSA ABLOY Group. This acquisition delivers on our strategy to add complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of ASSA ABLOY. "Arran Isle is an excellent addition to our business and in particular EMEIA’s UK and Ireland market region. The acquisition brings well-known architectural and fenestration hardware brands to our portfolio. Arran Isle have built a reputation developing innovative products and a market leading approach to customer service with a passionate and experienced team,” says Neil Vann, Executive Vice President of ASSA ABLOY and Head of EMEIA Division. Arran Isle has some 560 employees and was established in 1971. The company has manufacturing and distribution sites in the UK, Ireland, Europe and China. Sales for 2020 amounted to about MGBP 100 (approx. MSEK 1,200). The acquisition will be accretive to EPS from the start. The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the fourth quarter of 2021. For more information, please contact: Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82 Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72 Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68 About ASSA ABLOY The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 48,000 employees and sales of SEK 88 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. Read more Download PRESS RELEASE|Regulatory ASSA ABLOY to acquire Hardware and Home Improvement (“HHI”) division of Spectrum Brands 2021-09-08 ASSA ABLOY has signed a definitive agreement to acquire the Hardware and Home Improvement (“HHI”) division of Spectrum Brands (NYSE:SPB) for a purchase price of MUSD 4,300 on a cash and debt free basis. Read more Download PRESS RELEASE|Non-regulatory ASSA ABLOY acquires Omni-ID in the US 2021-08-18 ASSA ABLOY has acquired Omni-ID, a leading manufacturer of RFID tags and industrial IoT hardware devices for passive and active tagging, tracking, monitoring and alerting applications, based in the US. "I am very pleased to welcome Omni-ID into the ASSA ABLOY Group. Omni-ID is a strategic technological addition to the ASSA ABLOY Group and reinforces our current RFID and IoT offering and provides complementary growth opportunities,” says Nico Delvaux, President and CEO of ASSA ABLOY. “In addition to broadening our value-added RFID components and active identification devices offering, the acquisition enhances our ability to serve customers in India and China by expanding our sales and manufacturing footprint, an important step in extending our industrial IoT technology into emerging markets,” says Björn Lidefelt, Executive Vice President and Head of Global Technologies business unit HID Global. Omni-ID was founded in 2007 and has some 170 employees. Based in Rochester, New York, it will be part of HID’s Identification Technologies Business Area. Sales in 2020 amounted to about MUSD 13 (approx. MSEK 110) and the acquisition will be dilutive to EPS from the start. For more information, please contact: Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82 Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72 Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68 About ASSA ABLOY The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 48,000 employees and sales of SEK 88 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. Read more Download PRESS RELEASE|Non-regulatory ASSA ABLOY acquires Capitol Door Service in the US 2021-08-11 ASSA ABLOY has acquired Capitol Door Service, a leading pedestrian door distributor and service company in California, Nevada and Arizona. "I am very pleased to welcome Capitol Door Service into the ASSA ABLOY Group. I welcome this complementary addition, specializing in entrance automation, to our business,” says Nico Delvaux, President and CEO of ASSA ABLOY. “Capitol Door Service with its strong market position will further strengthen our geographic coverage in Western U.S. I welcome the team to ASSA ABLOY and I am convinced that we will continue together our successful journey,” says Markus Kast, Head of Entrance Systems business segment Pedestrian. Capitol Door Service was founded in 1999 and has some 50 employees. The company is headquartered in Sacramento, California. Sales in 2020 amounted to about MUSD 17 (approx. MSEK 150) with a good EBIT margin. The acquisition will be accretive to EPS from the start. For more information, please contact: Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82 Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72 Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68 About ASSA ABLOY The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 48,000 employees and sales of SEK 88 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. Read more Download INTERIM REPORT|Regulatory Quarterly Report Q2 2021 2021-07-19 Significant sales growth and margin recovery Read more Download PRESS RELEASE|Non-regulatory ASSA ABLOY sells its Nordic locksmith business CERTEGO to Nalka Invest 2021-07-05 ASSA ABLOY has signed an agreement to sell its Nordic locksmith business CERTEGO to Nalka Invest, which invests in small- and medium-sized businesses primarily in the Nordic region. This transaction reinforces the strategic focus on the core security solutions business of the ASSA ABLOY Opening Solutions EMEIA Division. CERTEGO is a market-leading locksmith and security solutions installation business in the Nordic region. It provides planning, installation and managing of mechanical, electro-mechanical and electronic security solutions for customers across multiple verticals. CERTEGO has a network of around 70 locations with some 1,200 employees in Sweden, Finland, Norway and Denmark. The impact from the divestment on ASSA ABLOY external sales is around SEK 1.5 bn. "I find it satisfying that with Nalka Invest we were able to find a committed, experienced owner that gives the business a new home and creates new opportunities for the future,” says Nico Delvaux, President and CEO of ASSA ABLOY. “Recent trends in the security solutions installation market, including the growing need to offer a comprehensive range of different solutions, has led us to reconsider the merits of continued ownership of CERTEGO. We have concluded that a divestment would allow EMEIA to focus resources in its core business. I am confident that Nalka Invest will take CERTEGO to the next level as part of their business transformation and wish them and the CERTEGO team every success in their future endeavors,” says Neil Vann, Executive Vice President of ASSA ABLOY and Head of EMEIA Division. The transaction will have a positive effect on ASSA ABLOY´s operating margin going forward. The divestment will result in a capital loss and exit costs amounting to approximately MSEK 200. The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the third quarter of 2021. For more information, please contact: Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82 Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72 Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68 About ASSA ABLOY The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 48,000 employees and sales of SEK 88 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. Read more Download INVITATION|Non-regulatory Invitation to the presentation of ASSA ABLOY’s Q2 report on 19 July starting at 09:30am (CET) 2021-06-21 ASSA ABLOY will release its Q2 report 2021 on Monday 19 July 2021 at 08:00 am (CET). A conference call and webcast will be held following the release of the results, starting at 09:30 am (CET) and continuing until 10:30 am (CET). The presentation will be hosted by Nico Delvaux, President and CEO and Erik Pieder, CFO, followed by questions and answers. Read more Download Showing 10 of 578 Show more Would you like to receive our press releases by e-mail? Please sign-up through the form below to start the service. You can end the subscription at any time through the unsubscribe link in each press release e-mail. 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