Edition:
United States

Assa Abloy AB (ASSAb.ST)

ASSAb.ST on Stockholm Stock Exchange

192.10SEK
26 May 2017
Change (% chg)

1.70kr (+0.89%)
Prev Close
190.40kr
Open
194.00kr
Day's High
194.30kr
Day's Low
191.30kr
Volume
2,363,653
Avg. Vol
2,186,739
52-wk High
198.40kr
52-wk Low
159.60kr

Latest Key Developments (Source: Significant Developments)

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

Assa Abloy says buys Jerith Aluminum Fence in the US
Tuesday, 18 Apr 2017 02:00am EDT 

April 18 (Reuters) - Assa Abloy Ab :Assa Abloy acquires Jerith Aluminum Fence in the US.Says sales for 2017 are expected to reach some usd 20 million (approx. SEK 200 million) with a good EBIT margin and acquisition will be accretive to EPS from start.Says Jerith was established in 1961 and has some 75 employees.  Full Article

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

More From Around the Web

UPDATE 1-Assa Abloy Q1 beats forecasts on broad sales pick-up

April 26 Sweden's Assa Abloy, the world's biggest lock maker, posted forecast-beating first-quarter profits and sales on Wednesday boosted by strong growth in the United States and other major markets, adding sluggish Chinese demand had stabilised.