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Assa Abloy AB (ASSAb.ST)

ASSAb.ST on Stockholm Stock Exchange

169.60SEK
18 Aug 2017
Change (% chg)

-1.70kr (-0.99%)
Prev Close
171.30kr
Open
170.20kr
Day's High
170.60kr
Day's Low
169.20kr
Volume
1,575,026
Avg. Vol
2,174,427
52-wk High
198.40kr
52-wk Low
159.90kr

Latest Key Developments (Source: Significant Developments)

Assa Abloy sells AdvanIDe
Friday, 11 Aug 2017 02:00am EDT 

Aug 11 (Reuters) - Assa Abloy AB :Assa Abloy sells AdvanIDe.Says business has its headquarters in Singapore, employs 56 people.  Full Article

Assa Abloy buys India's SMI
Wednesday, 2 Aug 2017 02:00am EDT 

Aug 2 (Reuters) - Assa Abloy AB :Says has bought India's SMI.Company has 960 employees.2017 sales expected to be around 140 mln SEK, acquisition EPS accretive from start .  Full Article

Assa Abloy CEO says organic growth so far in Q3 around 4 pct
Wednesday, 19 Jul 2017 05:05am EDT 

July 19 (Reuters) - Assa Abloy AB CEO Johan Molin at a news conference: :says thinks brazil demand is reaching bottom and will most likely grow from q4 on.says sees same organic growth trend so far in q3 as in h1, when it was +4 percent.says very interested in continuing to grow by acquisitions in emerging markets, except in china currently.  Full Article

Assa Abloy Q2 profit just lags expectations, China sales fall
Wednesday, 19 Jul 2017 02:00am EDT 

July 19 (Reuters) - Assa Abloy Ab :Q2 net sales increased by 8% to sek 19,387 m (17,894), with organic growth of 2% (4).Q2 operating income (ebit) increased by 7% to sek 3,114 m (2,910).Assa abloy ab says in q1 good growth was shown by emea, americas, global technologies and entrance systems and negative growth by asia pacific.Reuters poll: assa abloy q2 organic growth was seen at 3.25 percent, adjusted ebit at sek 3,203 million.Q2 organic growth in asia pacific -6 percent versus mean forecast +0.7 percent.Assa abloy ab says on most markets in north and south america and in parts of europe there is a positive trend, but on some markets, chiefly in asia and middle east, trend is weak.Says sales in china fell, mainly because of a strong decline for fire and security doors.Assa abloy ab says q2 sales in china fell once again, and disappointingly they also continued to decrease in brazil and in the middle east.  Full Article

Assa Abloy buys France's Arjo Systems
Tuesday, 4 Jul 2017 02:00am EDT 

July 4 (Reuters) - Assa Abloy AB :Assa abloy acquires Arjo Systems in France.Says sales at Arjo for 2017 are expected to reach EUR 56 million (approx. SEK 550 million) with a good EBIT margin.  Full Article

Assa Abloy acquires Atlantic Door Control
Thursday, 29 Jun 2017 02:00am EDT 

June 29 (Reuters) - Assa Abloy Ab says: :Acquires U.S pedestrian door distributor Atlantic Door Control. .Sales for Atlantic Door 2017 are expected to reach USD 12 million..  Full Article

Assa Abloy buys IDS in South Africa
Monday, 29 May 2017 02:00am EDT 

May 29 (Reuters) - Assa Abloy Ab ::Says acquires IDS, manufacturer and distributor of electronic security solutions, in South Africa.Says IDS sales for 2017 are expected to reach ZAR 310 million (approx. SEK 210 million) and acquisition will be accretive to EPS from start.  Full Article

Assa Abloy CEO: more hopeful will reach high end of 2-4 pct 2017 core growth target
Wednesday, 26 Apr 2017 04:44am EDT 

April 26 (Reuters) - Swedish lock maker Assa Abloy ASSAb.ST CEO Johan Molin to analyst and media conference::Assa Abloy CEO says am rather positive about overall Asia-Pacific division f/y outlook, but about China I really don't know.Assa Abloy CEO repeats sees f/y group organic growth 2-4 percent, is more optimistic about reaching higher end of range.Assa Abloy CEO says group organic growth in April looks slightly negative.Assa Abloy CEO says Q2 group organic growth will not be as strong as Q1 due negative easter calendar effect.  Full Article

Assa Abloy CEO says holding back on larger acquisitions 2017
Wednesday, 26 Apr 2017 04:24am EDT 

April 26 (Reuters) - Swedish lock maker Assa Abloy CEO Johan Molin to analyst and media conference::Assa Abloy CEO says holding back on larger acquisitions this year due high valuations.Assa Abloy CEO says material costs effect in China will drag on this year, sees 0.2 percent negative effect on f/y group margin.  Full Article

Assa Abloy Q1 EBIT, organic growth tops forecast
Wednesday, 26 Apr 2017 02:06am EDT 

April 26 (Reuters) - Assa Abloy Ab :Q1 operating income (EBIT) increased by 16% and totaled sek 2,787 m (2,411), which represents an operating margin of 15.4% (15.2).Q1 sales increased by 14% to sek 18,142 m (15,891), with organic growth of 6% (3). Acquisitions contributed 3%.Says strong growth was shown by global technologies, entrance systems, Americas and EMEA, and good growth by Asia Pacific.Assa Abloy ab says strong growth was shown in Q1 by global technologies, entrance systems, americas and emea, and good growth by Asia Pacific.Reuters poll: Assa Abloy Q1 organic growth was seen at 3.8 percent, EBIT at sek 2,710 million.Q1 organic growth in Asia Pacific +3% percent versus mean forecast -4.8 percent.Assa abloy ab says on most markets in north and South America and in parts of Europe there is a positive trend, but on some markets, chiefly in Asia and Middle East, trend is weak.Assa abloy ab says our strategy of expanding our market presence, even on emerging markets, remains unchanged.Says q1 sales in China were unchanged.  Full Article

Tech stocks enjoy best day in 10 months as earnings drive European shares higher

* Reckitt rises after food business sale (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)