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Assa Abloy ADR (ASAZY) drives innovation in physical and digital access solutions across global markets. This dedicated news center provides investors and industry professionals with authoritative updates on the company’s strategic developments.
Access timely reports on earnings announcements, acquisition activity, product innovations, and partnership agreements. Our curated collection ensures transparent access to primary source materials, including official press releases and verified financial disclosures.
Key focus areas include updates on electromechanical security systems, digital authentication advancements, and market expansion strategies. The resource serves as a centralized hub for tracking ASAZY’s progress in addressing evolving security demands across commercial, government, and residential sectors.
Bookmark this page for streamlined access to critical updates affecting ASAZY’s market position. Check regularly for new developments in access control technologies and strategic business moves shaping the security solutions landscape.
ASSA ABLOY held its Annual General Meeting on April 28, 2021, in a virtual format due to Covid-19. Key resolutions included the adoption of the 2020 financial statements and the approval of a SEK 3.90 dividend per share, payable in two installments. The board of directors was re-elected, with Lars Renström as Chairman. The meeting authorized the buyback of up to 10% of Series B shares and implemented a long-term incentive program for key employees. The total remuneration for the board was set at SEK 8.5 million.
In the first quarter of 2021, ASSA ABLOY reported a 2% decline in net sales to SEK 21,805 M, despite 4% organic growth. The company experienced strong growth in the Asia Pacific region and Entrance Systems, but Global Technologies saw a notable sales decline. Operating income (EBIT) increased by 16% to SEK 3,187 M, with an operating margin of 14.6%. Additionally, net income rose to SEK 2,253 M, while operating cash flow surged 118%.
ASSA ABLOY AB (Reg. No. 556059-3575) announced its Annual General Meeting (AGM) set for April 28, 2021, to be conducted via postal voting due to the Covid-19 pandemic. Shareholders must register by April 20, 2021, and submit their advance votes by April 27, 2021. Key agenda items include a proposed dividend of SEK 3.90 per share, election of Board members including a raise in fees, and the approval of a long-term incentive program for senior executives. The total shares outstanding are approximately 1.11 billion, with key proposals requiring at least two-thirds approval.
ASSA ABLOY has acquired the textile services division of Invengo Information Technology Co., Ltd. This acquisition strengthens ASSA ABLOY's position in the RFID ecosystem and enhances growth opportunities within smart components. Invengo Textile Services, based in France, generated sales of approximately MEUR 11 in 2020. The deal is anticipated to be neutral to earnings per share from the outset. This strategic move aligns with ASSA ABLOY's goal of expanding its market presence, particularly in the commercial laundry sector.
ASSA ABLOY has acquired Technology Solutions (TSL), a leading UK provider of RFID handheld readers. This strategic acquisition strengthens ASSA ABLOY's RFID portfolio and enhances growth opportunities. TSL, established in 1994, reported sales of approximately MGBP 3 (around MSEK 30) in 2020 with a strong EBIT margin. The acquisition is expected to be accretive to earnings per share (EPS) from the outset, providing synergies and expanding market reach within identification technologies.
ASSA ABLOY reported a 7% decrease in net sales for Q4 2020, totaling SEK 23,298 M. The company experienced 5% organic growth decline and a significant drop in Global Technologies. Operating margin remained stable at 16.1%. Despite challenges, operating cash flow reached a record-high SEK 14,560 M for the year. A new restructuring program costing SEK 1,366 M was launched, expected to save SEK 1,000 M annually. The board proposed a dividend of SEK 3.90 per share.
ASSA ABLOY AB has announced the members of its Nomination Committee for the Annual General Meeting 2021, set for April 28, 2021, in Stockholm, Sweden. The committee will be chaired by Carl Douglas from Investment AB Latour, alongside representatives from major shareholders including Mikael Ekdahl, Marianne Nilsson, Liselott Ledin, and Yvonne Sörberg. The committee is tasked with preparing proposals for the election of board members and setting fees. Shareholders can submit proposals via email to the nomination committee.
ASSA ABLOY has acquired Olimpia Hardware, a prominent glass hardware brand in Latin America and the Caribbean. This acquisition marks a strategic move to enhance ASSA ABLOY's market presence in emerging markets. Olimpia reported sales of approximately 13 MUSD in 2019, with a solid EBIT margin. The transaction is expected to be accretive to EPS from the outset. This integration aligns with the growing demand for glass and aluminum products in the region, further solidifying ASSA ABLOY's market leadership.
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