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Assa Abloy AB (ASSAb.ST)

ASSAb.ST on Stockholm Stock Exchange

171.00SEK
8 Dec 2017
Change (% chg)

-0.40kr (-0.23%)
Prev Close
171.40kr
Open
172.90kr
Day's High
173.50kr
Day's Low
170.90kr
Volume
2,131,641
Avg. Vol
2,437,218
52-wk High
198.40kr
52-wk Low
159.90kr

Latest Key Developments (Source: Significant Developments)

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

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 CEO sees homes converting to digital locks as sales driver

** Assa Abloy CEO Johan Molin to Reuters: "I believe our organic growth will accelerate, partly because homes convert to digital solutions and partly because we see much more digital solutions within business to business"