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

Ibrahim Firdaus

Assa Abloy

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/18/2019

...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/07/2019

...

Alfred Glaser ...
  • Delphine Brault

Assa Abloy : A very solid Q2, EBIT margin returns to growth

>Q2 2019: organic growth of 3.3% and EBIT margin up +20bp - Yesterday, Assa Abloy published its Q2 2019 results which were in line in terms of organic sales growth and above forecasts for the EBIT margin. Our takeaways are as follows: Organic growth of 3.3% (5.4% in Q1) including a price effect of 2% and, above all, an unfavourable impact from the number of working days (-2 days). All of the divisions made progress but Americas and Global Tech are those that drov...

Alfred Glaser ...
  • Delphine Brault

Assa Abloy : Un T2 très solide, la marge d'EBIT renoue avec la croissance

>T2 2019 : 3.3% de croissance organique et +20 pb sur la marge d'EBIT - Assa Abloy a publié hier ses résultats T2 2019, qui étaient en ligne au niveau de la croissance organique du CA et meilleurs au niveau de la marge d’EBIT. Nous retenons les éléments suivants : Une croissance organique de 3.3% (5.4% au T1) dont 2% d’effet prix et, surtout, incluant un impact jours ouvrés défavorable (-2 jours). Toutes les divisions ont progressé mais Americas et Global Tech so...

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

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/18/2019

...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/07/2019

...

Alfred Glaser ...
  • Delphine Brault

Assa Abloy : A very solid Q2, EBIT margin returns to growth

>Q2 2019: organic growth of 3.3% and EBIT margin up +20bp - Yesterday, Assa Abloy published its Q2 2019 results which were in line in terms of organic sales growth and above forecasts for the EBIT margin. Our takeaways are as follows: Organic growth of 3.3% (5.4% in Q1) including a price effect of 2% and, above all, an unfavourable impact from the number of working days (-2 days). All of the divisions made progress but Americas and Global Tech are those that drov...

Alfred Glaser ...
  • Delphine Brault

Assa Abloy : Un T2 très solide, la marge d'EBIT renoue avec la croissance

>T2 2019 : 3.3% de croissance organique et +20 pb sur la marge d'EBIT - Assa Abloy a publié hier ses résultats T2 2019, qui étaient en ligne au niveau de la croissance organique du CA et meilleurs au niveau de la marge d’EBIT. Nous retenons les éléments suivants : Une croissance organique de 3.3% (5.4% au T1) dont 2% d’effet prix et, surtout, incluant un impact jours ouvrés défavorable (-2 jours). Toutes les divisions ont progressé mais Americas et Global Tech so...

Denise Molina

Morningstar | Impressive 2Q for Assa Abloy, but Market Is Wise to Outperformance; Shares Fully Valued

Wide-moat Assa Abloy's shares are up 40% year to date, so despite another impressive quarter with solid organic growth (up 3%) and EBIT margin expansion (20 basis points), we think the market has more than priced in the company's standout performance. Our 2019 and 2020 forecasts remain just above the consensus mean, and we intend to maintain our SEK 181 fair value estimate. Performance in the second quarter was led by the company's highest-margin segments, Americas and global technologies. Americas posted 6% organic growth with a 21% EBIT margin, well above the 16% group average. Smart locks ...

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...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/06/2019

Dans cette étude, nous dressons un état des lieux du secteur bancaire européen sur le sujet central de la solvabilité (impact réglementaire…). Notre analyse montre à quel point : 1/ il s’agit d’un élément significatif de différenciation et 2/ il devrait déterminer les orientations stratégiques au sein du secteur. Elle établit enfin une hiérarchie sans véritable surprise et vient conforter notre préférence pour CASA (Achat, OC 15.5 €). - ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/21/2019

In this study, we present the state of play of the European banking sector with regards to the core issue of solvency (regulatory impact, etc.). Our analysis reveals to what extent this: 1/ is a significantly differentiating factor and 2/ should determine strategic direction within the sector. Lastly, it establishes a hierarchy that contains no major surprises and which underpins our preference for CASA (Buy, target price € 15.5). - ...

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 ...

Ibrahim Firdaus

Assa Abloy

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

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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