Assa Abloy AB Series B

ASSA ABLOY provides a range of door opening solutions. Co. is organized into five divisions. Europe, Middle East and Africa division, Americas (North and South America) division and Asia Pacific (Asia, Australia and New Zealand) division manufacture and sell mechanical and electromechanical locks, security doors and hardware in their respective geographical markets. Global Technologies division operates worldwide in the product areas of access control systems, secure card issuance, identification technology and hotel locks. Entrance Systems division is a global supplier of entrance automation products and service.
  • TickerASSA B
  • ISINSE0007100581
  • ExchangeNasdaq Nordic Stockholm
  • SectorConstruction & Materials
  • CountrySweden

Analysts

ASSA ABLOY AB suffers a double requalification, which weighs heavily on its rating, now at Neutral.

The independent financial analyst theScreener just downgraded the general evaluation of ASSA ABLOY AB (SE), active in the Building Materials & Fixtures industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as moderately risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Neutral. As of the analysis date May 10, 2019, the closing price was SEK 195.55 and its target price was estimated at ...

Denise Molina

Morningstar | Assa Abloy Stands to Benefit From the Ongoing Shift to Electrical and Automated Locks

Assa Abloy has significant growth potential as it benefits from structural changes. There are two key drivers of future growth. First, we expect an industrywide shift toward software-driven products, expanding functionality and linking locking systems with other building systems. Second, emerging-market demand will move up the quality curve to more sophisticated locking solutions, in which Assa Abloy is a leader. If the spectrum of today’s locks were defined by a basic mechanical lock on one end and a software-controlled locking system on the other end, Assa Abloy’s product portfolio would be ...

Denise Molina

Assa Abloy Stands to Benefit From the Ongoing Shift to Electrical and Automated Locks

Demand for wide moat lock and door supplier Assa Abloy's products continued to be strong in the first quarter of 2019, but margins are still under moderate pressure, mirroring the 2018 results. Group organic revenue grew by 5% while reported revenue was up 16% with a mix of acquisitions and currency flattering growth. The EBIT margin contracted by 20 basis points to 15.1%, with currency, raw material price pressure, and acquisitions all contributing. Reported EBIT grew by 15%, and the group retu...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/26/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/04/2019

...

ASSA ABLOY AB - December 2017 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

ASSA ABLOY AB - September 2017 (LTM): Peer Snapshot

Peer Snapshot:  ASSA ABLOY AB - September 2017 (LTM) 27 November 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Sep-17 FYE Dec-15 FYE Dec-16 LTM Sep-17 FYE Jul-15 FYE Jul-16 LTM Jul-17

ASSA ABLOY AB: Update to discussion of key credit factors

CORPORATES CREDIT OPINION 9 October 2017 Update Contacts Oliver Giani 49-69-70730-722 VP-Senior Analyst [email protected] Daniel Harlid 46-850-256-546 AVP-Analyst [email protected] Matthias Hellstern 49-69-70730-745 MD-Corporate Finance [email protected] CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100

ASSA ABLOY AB - June 2017 (LTM): Peer Snapshot

Peer Snapshot:  ASSA ABLOY AB - June 2017 (LTM) 24 August 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Jul-15 FYE Jul-16 LTM Jan-17

ASSA ABLOY AB - March 2017 (LTM): Peer Snapshot

Peer Snapshot:  ASSA ABLOY AB - March 2017 (LTM) 26 May 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Mar-17 FYE Dec-15 FYE Dec-16 LTM Mar-17 FYE Jul-15 FYE Jul-16 LTM Jan-17

Denise Molina

Morningstar | Assa Abloy Stands to Benefit From the Ongoing Shift to Electrical and Automated Locks

Assa Abloy has significant growth potential as it benefits from structural changes. There are two key drivers of future growth. First, we expect an industrywide shift toward software-driven products, expanding functionality and linking locking systems with other building systems. Second, emerging-market demand will move up the quality curve to more sophisticated locking solutions, in which Assa Abloy is a leader. If the spectrum of today’s locks were defined by a basic mechanical lock on one end and a software-controlled locking system on the other end, Assa Abloy’s product portfolio would be ...

Denise Molina

Assa Abloy Stands to Benefit From the Ongoing Shift to Electrical and Automated Locks

Demand for wide moat lock and door supplier Assa Abloy's products continued to be strong in the first quarter of 2019, but margins are still under moderate pressure, mirroring the 2018 results. Group organic revenue grew by 5% while reported revenue was up 16% with a mix of acquisitions and currency flattering growth. The EBIT margin contracted by 20 basis points to 15.1%, with currency, raw material price pressure, and acquisitions all contributing. Reported EBIT grew by 15%, and the group retu...

Alfred Glaser ...
  • Delphine Brault

Assa Abloy : Q1: very robust growth, disappointing EBIT margin

>Q1 2019: 5.4% organic growth but -20bp on the EBIT margin - Assa Abloy yesterday published its Q1 2019 results, which came in above forecasts for the top line and slightly below forecasts for the EBIT margin. We retain the following factors:organic growth of 5.4% (6.4% in Q4) incl. 2% price effect, buoyed by the Americas and Global Tech division (respectively 10% and 9% organic growth) whilst the EMEA division and China posted more modest growth (3% and stable)....

Alfred Glaser ...
  • Delphine Brault

Assa Abloy : T1 : très forte croissance, la marge d’EBIT déçoit

>T1 2019 : 5.4% de croissance organique mais -20 pb sur la marge EBIT - Assa Abloy a publié hier ses résultats T1 2019 qui étaient supérieurs aux attentes sur la topline et légèrement en dessous au niveau de la marge d’EBIT. Nous retenons les éléments suivants : :Une croissance organique de 5.4% (6.4% au T4) dont 2% d’effet prix, tirée par les divisions Americas et Global Tech (respectivement 10% et 9% de croissance organique) tandis que la division EMEA et la Ch...

Denise Molina

Morningstar | First-Quarter Demand Was Strong for Assa Abloy; Margins Under Modest Pressure, Shares Fairly Valued

Demand for wide moat lock and door supplier Assa Abloy's products continued to be strong in the first quarter of 2019, but margins are still under moderate pressure, mirroring the 2018 results. Group organic revenue grew by 5% while reported revenue was up 16% with a mix of acquisitions and currency flattering growth. The EBIT margin contracted by 20 basis points to 15.1%, with currency, raw material price pressure, and acquisitions all contributing. Reported EBIT grew by 15%, and the group return on capital employed was up 70 basis points year over year to 14.9%, well above cost of capital. W...

1 director sold

A director at Assa Abloy Ab sold 32,814 shares at 189.850SEK and the significance rating of the trade was 97/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/26/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/04/2019

...

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Christophe Chaput
  • Delphine Brault
  • Geoffroy Michalet
  • Olfa Taamallah
  • Roland Pfaender
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/21/2019

We are downgrading Vivendi to Neutral vs Buy (target price unchanged at € 26.2) and we recommend taking positions on Bolloré (Buy, target price of € 5 vs € 4.8). Vivendi’s share price implicitly values UMG at more than € 23bn, offering limited potential for a pleasant surprise at the time of the sale of part of the subsidiary’s capital. In contrast, Bolloré seems to offer greater upside: 1/ the outlook for Bolloré Transport & Logistics looks particularly bright out to 2021, buoyed by ...

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Delphine Brault
  • Olfa Taamallah
  • Roland Pfaender
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/03/2019

Nous dégradons Vivendi à Neutre vs Achat (OC inchangé de 26,2 €) et conseillons de se positionner sur Bolloré (Achat ; OC de 5 € vs 4.8 €). Le cours de Vivendi valorise implicitement UMG à plus de 23 Md€ offrant un potentiel limité de bonne surprise lors de la cession d’une partie du capital de cette filiale. Au contraire, le titre Bolloré nous semble recéler un potentiel plus important : 1/ les perspectives de Bolloré Transport & Logistics nous paraissent particulièrement porteuses d...

Alfred Glaser ...
  • Delphine Brault
  • Harald Eggeling
  • Jerôme Bodin
  • Oussema Denguir
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/07/2019

...

ASSA ABLOY AB suffers a double requalification, which weighs heavily on its rating, now at Neutral.

The independent financial analyst theScreener just downgraded the general evaluation of ASSA ABLOY AB (SE), active in the Building Materials & Fixtures industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as moderately risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Neutral. As of the analysis date May 10, 2019, the closing price was SEK 195.55 and its target price was estimated at ...

Ibrahim Firdaus

Assa Abloy

Ibrahim Firdaus

Assa Abloy

Ibrahim Firdaus

Assa Abloy

Ibrahim Firdaus

Assa Abloy

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Expert Corporate Governance Service (ECGS)

Assa Abloy - 25 April 2019 AGM

In general, Assa Abloy is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 11b, the nomination committee seeks approval of the auditors' fees. In view of the substantial amount of non-audit fees, ECGS recommends to vote OPPOSE. Under ITEM 12a, approval is sought for the (re-)election of the board of directors. In light of insufficient independent representation on the board of directors, ECGS recommends to vote OPPOSE. Under ITEM 12b, the nomination committee proposes to re-appoint PricewaterhouseCoopers as the ...

Assa Alboy – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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