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Assa Abloy AB (ASSAb.ST)

ASSAb.ST on Stockholm Stock Exchange

182.00SEK
24 Mar 2017
Change (% chg)

1.70kr (+0.94%)
Prev Close
180.30kr
Open
180.20kr
Day's High
182.00kr
Day's Low
180.10kr
Volume
2,395,816
Avg. Vol
2,309,086
52-wk High
190.30kr
52-wk Low
153.00kr

Latest Key Developments (Source: Significant Developments)

Assa Abloy says tough to compensate for steel costs in China H1
Thursday, 2 Feb 2017 04:29am EST 

Assa Abloy Ab CEo to analyst and media conference: Assa Abloy ceo says sees many attractive acquisition targets if prices come down . Assa abloy ceo estimates will be tough to compensate in china in h1 for steel cost increases . Assa abloy ceo says auditors have not found more missing substances across all chinese operations . Assa abloy ceo says group organic sales so far in q1 look pretty good Further company coverage: [ASSAb.ST] (Reporting By Anna Ringstrom) ((Anna.Ringstrom@thomsonreuters.com;)).  Full Article

Assa Abloy says Q4 China writedown mainly inventory - presentation material
Thursday, 2 Feb 2017 03:55am EST 

Assa Abloy Ab : Assa Abloy says Q4 China 300 million SEK writedown of working capital is mainly related to inventory - presentation material Further company coverage: [ASSAb.ST] ((rebecka.roos@thomsonreuters.com;)).  Full Article

Assa Abloy Q4 adjusted EBIT and core growth lag expectations
Thursday, 2 Feb 2017 02:00am EST 

Assa Abloy Ab : Q4 sales +6% to sek 19,484 m (18,301), organic growth 1% (5) . Q4 operating income before restructuring costs SEK 2,913 M (3,038), corresponding to operating margin of 15.0% (16.6) . Operating income was affected by a write-down of operating assets in china totaling sek 300 m. . Reuters poll: organic growth was seen at 1.9 pct, adjusted ebit at sek 3,209 million, dividend at sek 2.77 per share . Q4 adjusted operating income excluding a write down in China of sek 300 m, was sek 3,213 m (3,038) . Says on Q4: negative growth for asia pacific, mainly due to weak demand in china . Organic growth in asia pacific -8 percent versus mean forecast -7 percent . Says on q4: there was strong growth for south korea and japan, while pacific showed a stable trend . CEO says judgment is that global economic trend remains weak, and on most markets in north and south america and in parts of europe there is a positive trend, but on many markets in asia and middle east trend is weak . CEO says our strategy of expanding our market presence, even on emerging markets, remains unchanged . Says on Q4: in china and south-east asia demand was weak, with declining sales .proposes a dividend of sek 3.00 per share.  Full Article

Assa Abloy says acquires LOB in Poland
Thursday, 2 Feb 2017 01:55am EST 

Assa Abloy Ab : Says acquires LOB in Poland . Says sales for 2017 are expected to reach some PLN 96 million (approx. SEK 210 million) . Says acquisition will be accretive to EPS from start .Says LOB was established in 1927. It is headquartered in Leszno, Poland and has some 440 employees.  Full Article

Assa Abloy buys Southeastern Dock & Door in the US
Wednesday, 1 Feb 2017 02:00am EST 

Assa Abloy Ab : Assa abloy acquires southeastern dock & door in the u.s. . Southeastern Dock & Door in Greenville, South Carolina sales for 2017 are expected to reach USD 19 million (approx. SEK 170 million) with a good EBIT margin .The acquisition will be accretive to EPS from start.  Full Article

Assa Abloy buys Bluvision in the U.S
Thursday, 1 Dec 2016 02:00am EST 

Assa Abloy : Assa Abloy acquires Bluvision in the U.S. .Bluvision was founded in 2014 and has some 21 employees.  Full Article

Blackrock owns 5 percent stake in Assa Abloy
Friday, 30 Sep 2016 11:15am EDT 

Assa Abloy Ab : BlackRock owns 5 pct stake in Assa Abloy - regulatory filing . Owns 55,641,168 shares Further company coverage: [ASSAb.ST] (Reporting by Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46-(0)8-700 10 17;)).  Full Article

Assa Abloy CEO says sees organic sales decline in July
Tuesday, 19 Jul 2016 04:50am EDT 

Assa Abloy AB CEO Johan Molin at conference call: Assa Abloy CEO says 1 percent organic sales decline in July in the cards, says July has two working days less versus last year . Repeats sees organic growth of 2-4 percent organic growth for 2016, says Asia Pacific will be a drag due to weak China . Says will probably take a hit of 1.5 billion SEK in Q4, rather than previous estimate of 1.0 billion, due new efficiency programme . Says sees opportunities to rationalise group's 22 facilities in China Further company coverage: [ASSAb.ST] (Reporting By Oskar von Bahr) ((Oskar.vonBahr@thomsonreuters.com;)).  Full Article

Assa Abloy Q2 op. profit better than expected, mature markets strong
Tuesday, 19 Jul 2016 02:00am EDT 

Assa Abloy AB, Q2 : Q2 net sales increased by 5% to SEK 17,894 m (17,082), of which 4% (4) was organic growth and 4% (3) was acquired growth . Operating income (EBIT) increased by 6% to SEK 2,910 m (2,742). Operating margin was 16.3% (16.1) . Reuters poll: Assa Abloy Q2 organic growth was seen at 3.3 percent, EBIT at 2,835 million SEK . Says strong growth in Americas, EMEA and Global Technologies and good growth in Entrance Systems . Says negative growth in Asia Pacific owing to weak demand in China .CEO says "My judgment is that global economic trend remains weak, but with a positive trend in America and parts of Europe. Elsewhere, many of emerging markets are stagnating".  Full Article

Assa Abloy acquires Demoteller in the US
Monday, 18 Jul 2016 02:00am EDT 

Assa Abloy Ab : Assa Abloy acquires demoteller in the US . Sales in the next year are expected to reach USD 10 million (approx. SEK 85 million) with a good EBIT margin .The acquisition will be accretive to EPS from start.  Full Article

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BRIEF-DN, ASSA ABLOY and Scan extend cooperation with Community Entertainment

* Dagens Nyheter, ASSA ABLOY and Scan have chosen to continue their cooperation with Community Entertainment