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Assa Abloy AB (ASSAb.ST)

ASSAb.ST on Stockholm Stock Exchange

215.20SEK
16 Aug 2019
Change (% chg)

3.20kr (+1.51%)
Prev Close
212.00kr
Open
213.00kr
Day's High
215.80kr
Day's Low
213.00kr
Volume
1,503,705
Avg. Vol
1,779,561
52-wk High
231.60kr
52-wk Low
153.90kr

Latest Key Developments (Source: Significant Developments)

Assa Abloy CEO: Effects From Price Increases Will Go Down In H2
Wednesday, 17 Jul 2019 

July 17 (Reuters) - Assa Abloy AB CEO Nico Delvaux in conference call with media and analysts::ASSA ABLOY CEO SAYS RECOVERY IN CHINA WILL BE BUMPY, STILL TOO EARLY TO TALK ABOUT A TREND AFTER STABLE SALES IN Q2.ASSA ABLOY CEO SAYS IT'SREALISTIC TO EXPECT THAT EFFECTS FROM PRICE INCREASES WILL GO DOWN IN H2.  Full Article

Assa Abloy Q2 Net Income Amounted To SEK 2.56 bln
Wednesday, 17 Jul 2019 

July 17 (Reuters) - Assa Abloy AB ::GOOD GROWTH AND IMPROVED OPERATING MARGIN.Q2 NET SALES INCREASED BY 11% TO SEK 23,544 M (21,140), WITH ORGANIC GROWTH OF 3% (5).Q2 OPERATING INCOME (EBIT) INCREASED BY 28% AND AMOUNTED TO SEK 3,733 M (2,911).Q2 NET INCOME AMOUNTED TO SEK 2,562 M (2,049).DEMAND HAS GENERALLY BEEN GOOD IN 2019, BUT WITH VARIATIONS BETWEEN DIFFERENT MARKETS.DURING Q2 OUR EFFICIENCY PROGRAMS AND OTHER SAVINGS GENERATED MORE THAN SEK 200 M IN EFFICIENCIES.REFINITIV POLL: ASSA ABLOY Q2, EBIT AT SEK 3.67 BILLION, REVENUE AT SEK 23.36 BILLION, NET PROFIT SEK 2.56 BILLION.SAYS Q2 SALES WERE STABLE IN SOUTH ASIA AND CHINA BUT DECLINED IN SOUTH KOREA AND JAPAN.SAYS IN Q2 IN SOME MARKETS, UNCERTAINTY HAS INCREASED AT THE SAME TIME DUE TO WEAKER CONSTRUCTION INDICES AND GEOPOLITICAL CHALLENGES.  Full Article

Assa Abloy Acquires De La Rue's Citizen Identity Business In The UK
Wednesday, 12 Jun 2019 

June 12 (Reuters) - Assa Abloy AB ::ASSA ABLOY ACQUIRES DE LA RUE'S CITIZEN IDENTITY BUSINESS IN THE UK.ASSA ABLOY HAS SIGNED AN AGREEMENT TO ACQUIRE INTERNATIONAL IDENTITY SOLUTIONS BUSINESS OF DE LA RUE.SALES FOR ACQUIRED BUSINESS' FISCAL YEAR TO 30 MARCH 2019 WAS ABOUT GBP 38 MILLION (APPROX. SEK 460 MILLION).ACQUISITION IS SUBJECT TO REGULATORY APPROVAL AND CUSTOMARY CLOSING CONDITIONS AND IS EXPECTED TO CLOSE DURING Q3 OF 2019..ACQUISITION WILL BE NEUTRAL TO EPS FROM START.  Full Article

Assa Abloy CEO says markets little changed overall in Q2
Thursday, 25 Apr 2019 

April 25 (Reuters) - Assa Abloy AB CEO Nico Delvaux in call with analysts and media::ASSA ABLOY CEO SAYS SO FAR IN Q2 NOT MUCH HAS CHANGED IN MARKET CONDITIONS, EXCEPT FOR RESIDENTIAL NEWBUILD SEGMENT IN NORTH AMERICA WHICH IS WEAKER.ASSA ABLOY CEO SAYS WE CONTINUE TO SEE AN ACCELERATION IN WILL TO MOVE FROM MECHANICAL TO DIGITAL LOCKS.ASSA ABLOY CEO SAYS DIGITAL LOCKS SALES GROWTH WAS STRONG DOUBLE-DIGIT" IN ALL REGIONS IN Q1, ESPECIALLY IN NORTH AMERICA.ASSA ABLOY CEO SAYS CONFIDENT SHIFT TOWARDS DIGITAL DOOR LOCKS FROM MECHANICAL WILL CONTINUE TO ACCELERATE, SEES GOOD BUSINESS ON DIGITAL DOOR LOCKS ALSO IN COMING QUARTERS.  Full Article

Agta Record: Assa Abloy To Acquire Majority Stake In Agta Record
Wednesday, 6 Mar 2019 

March 6 (Reuters) - AGTA RECORD AG ::AGTA RECORD ANNOUNCES THAT A MAJORITY STAKE IN AGTA RECORD IS TO BE SOLD TO SWEDISH GROUP ASSA ABLOY.TRANSACTION VALUES 100% OF AGTA RECORD'S SHARE CAPITAL AT EUR 933M.SALE AGREEMENT WITH ASSA ABLOY, VALUING INDIRECTLY 53.75% MAJORITY STAKE HELD BY AGTA FINANCE IN AGTA RECORD'S SHARE CAPITAL AT EUR 70 PER SHARE.ASSA ABLOY, WHICH ALREADY IS A 39% SHAREHOLDER IN AGTA RECORD, TO ACQUIRE ALL OF THE SHARES IN 3B FINANCE GMBH AND AGTA FINANCE.ASSA ABLOY WILL OWN 93.77% OF AGTA RECORD’S SHARE CAPITAL.  Full Article

Assa Abloy to buy majority stake in Agta Record, will own about 93 pct after deal
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Assa Abloy AB ::ASSA ABLOY TO ACQUIRE MAJORITY STAKE IN AGTA RECORD.SAYS ASSA ABLOY HAS, AS A 39 PERCENT SHAREHOLDER IN SWISS COMPANY AGTA RECORD AG ("AGTA RECORD" OR "COMPANY"), SIGNED AN AGREEMENT WITH SHAREHOLDERS OF AGTA FINANCE TO INDIRECTLY ACQUIRE THEIR 54 PERCENT SHAREHOLDING IN AGTA RECORD ( "ACQUISITION").SAYS PURCHASE PRICE FOR ACQUISITION AMOUNTS TO APPROXIMATELY EUR 502 MILLION EQUIVALENT TO A PURCHASE PRICE PER AGTA RECORD SHARE OF EUR 70.SAYS AFTER COMPLETION OF ACQUISITION, WHICH IS CONDITIONAL UPON EU ANTITRUST AUTHORITIES APPROVAL IN PARTICULAR, ASSA ABLOY WILL OWN APPROXIMATELY 93 PERCENT OF SHARE CAPITAL AND VOTING RIGHTS.SAYS WILL LAUNCH A PUBLIC TENDER OFFER FOR REMAINING OUTSTANDING SHARES AT SAME PURCHASE PRICE PER AGTA RECORD SHARE AS FOR ACQUISITION, I.E., EUR 70 PER AGTA RECORD SHARE.SAYS CONTEMPLATED SWISS MERGER WILL BE SUBJECT TO APPROVAL OF AT LEAST 90% OF ALL VOTING RIGHTS OF SHAREHOLDERS MEETING OF AGTA RECORD AS ABSORBED COMPANY.  Full Article

Assa Abloy CEO:Too Early To Talk About Trend Break in China
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Assa Abloy AB CEO Nico Delvaux to analysts in conference call::SAYS SALES GROWTH IN CHINA WAS 4 PERCENT IN Q4 BUT IT'S TOO EARLY TO TALK ABOUT A TREND BREAK.SEES GOOD MARKET CONDITIONS IN GENERAL,SAYS MARKET CONDITIONS HAVEN'T CHANGED VERSUS 3 MONTHS AGO IN GENERAL BUT HAS SEEN A SLOWDOWN IN FRANCE.  Full Article

Assa Abloy acquires Pacific Door Systems in New Zealand
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Assa Abloy AB ::ASSA ABLOY ACQUIRES PACIFIC DOOR SYSTEMS IN NEW ZEALAND.ASSA ABLOY ACQUIRES PACIFIC DOOR SYSTEMS IN NEW ZEALAND.SAYS PACIFIC DOOR SYSTEMS WAS ESTABLISHED IN 1992 AND HAS APPROXIMATELY 80 EMPLOYEES.SAYS SALES FOR 2018 ARE EXPECTED TO REACH ABOUT NZD 20 MILLION (APPROX. SEK 125 MILLION) WITH A GOOD EBIT MARGIN AND ACQUISITION WILL BE ACCRETIVE TO EPS FROM START.  Full Article

Assa Abloy Acquires Luxer One
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Assa Abloy AB ::ASSA ABLOY ACQUIRES LUXER ONE IN THE US.SALES FOR 2018 ARE EXPECTED TO REACH ABOUT USD 37 MILLION (APPROX. SEK 335 MILLION).ACQUISITION WILL BE NEUTRAL TO EPS FROM START.  Full Article

Assa Abloy Acquires Lorient In The UK
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Assa Abloy AB ::ASSA ABLOY ACQUIRES LORIENT IN THE UK.  Full Article