Assa Abloy Adr Stock Price, News & Analysis

ASSA ABLOY (OTC:ASAZY) reported strong Q2 2025 performance with net sales of SEK 38,015 M, showing organic growth of 3% and acquired net growth of 5%, despite an 8% negative currency impact. The company achieved an operating income (EBIT) of SEK 6,155 M, up 1% year-over-year, with an improved operating margin of 16.2%.

Notable highlights include strong organic growth of 8% in Global Technologies, good growth of 4% in Americas, and completion of five acquisitions with combined annual sales of SEK 800 M. Electromechanical products and solutions grew 12% currency-adjusted, while operating cash flow remained robust at SEK 5,452 M with 103% cash conversion.

ASSA ABLOY held its Annual General Meeting on April 23, 2025, in Stockholm, where several key resolutions were adopted. The company approved a dividend of SEK 5.90 per share, to be paid in two equal installments on April 30 and November 14, 2025.

Shareholders re-elected seven board members, with Johan Hjertonsson continuing as Chairman and Carl Douglas as Vice Chairman. Ernst & Young AB was re-appointed as auditor until the 2026 AGM. The board's total remuneration was set at SEK 10,106,000.

Notable resolutions included authorization for share repurchase of Series B shares (up to 10% of total shares) and the approval of a new long-term incentive program (LTI 2025) for senior executives and key employees.

ASSA ABLOY announced that Board member Joakim Weidemanis has resigned from his position on March 17, 2025. Weidemanis, who joined the board in 2020, stepped down voluntarily due to commitments with another company.

Following his departure, the Board of Directors will continue to operate with seven members, maintaining its decision-making capability in accordance with the company's articles of association.

ASSA ABLOY has acquired Wallace & Wallace and Wallace Perimeter Security, a Canadian manufacturer, distributor and installer of perimeter fencing, door and gate solutions. The acquisition strengthens ASSA ABLOY's position in mature markets and enhances its Perimeter Security portfolio, particularly in Central Canada.

Founded in 1946, Wallace & Wallace employs approximately 160 people and operates from its main office and factory in Winnipeg, Manitoba. The company will be integrated into the Business Segment Perimeter Security within the Entrance Systems Division.

The acquired company reported sales of MCAD 57 (approximately MSEK 440) in 2024 with a strong EBIT margin. The acquisition is expected to be accretive to earnings per share from the start.

ASSA ABLOY has signed an agreement to acquire 3millID and Third Millennium Systems , specialists in readers and credentials for physical access control based in the US and UK. 3millID, founded in 2015 and based in Colorado, provides proprietary access control readers to North American enterprise customers. Third Millennium, established in 1996 in Wales, serves UK and European enterprise and government customers.

The companies, which have maintained a commercial partnership since 2015 in technology development and sales, employ approximately 40 people combined. They will join HID's Physical Access Control Solutions Business Area. Their combined sales for 2023 reached MUSD 21 (MSEK 220) with a strong EBIT margin. The acquisition is expected to be EPS accretive from the start and close during Q1 2025, subject to customary conditions.

ASSA ABLOY has acquired IXLA, an Italian manufacturer of advanced laser and color personalization systems for cards and passports. IXLA, founded in 2003 and based in Romano Canavese, Italy, will join HID's Secure Issuance Business Area. The company has approximately 50 employees and reported sales of MEUR 13 (MSEK 150) in 2023 with a strong EBIT margin. The acquisition is expected to be accretive to earnings per share from the start and will enhance ASSA ABLOY's presence in the government card personalization equipment sector.