• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Printed Electronics
    • Raw Materials
    • Equipment
    • Services
    • Suppliers Guide
    • Resources
    • More
  • Magazine
  • News
  • Printed Electronics
  • Raw Materials
  • Equipment
  • Services
  • Suppliers Guide
  • Resources
  • Current & Past Issues
    Features
    Editorials
    Digital Edition
    Subscribe Now
    Advertise Now
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Breaking News
    Experts Opinion
    Financial News
    Manufacturers News
    Mergers and Acquisitions
    Online Exclusives
    Personnel
    Product Releases
    Suppliers News
    Live From Shows
    Displays and Lighting
    Photovoltaics
    Printed Batteries
    Printed Circuit Boards/Membrane Switches/In Mold Electronics
    Flexible and Printed Electronics
    RFID and NFC
    Sensors and Wearables
    Smart Cards and Packaging
    Touch Screens
    Adhesives, Barriers and Encapsulants
    Chemicals, Metals and Powders
    Conductive Inks and Coatings
    Electronic Materials
    Film, Paper, Glass and Substrates
    Graphene, Perovskites and Carbon Nanotubes
    Nanomaterials
    Printed Electronic Components
    Research Reports
    Semiconductors and Quantum Dots
    Energy Curing Equipment
    Lab and Testing Equipment
    Manufacturing Equipment
    Printing Equipment
    3D Printing
    Contract Manufacturing Services
    Product Design and Testing
    Research and Consulting
    Research Institutions
    Research Reports
    Universities
    Equipment
    All Companies
    Materials
    Categories
    Converting
    Printed Electronics Systems
    Associations
    Research and Services
    Used Machinery
    Add New Company
    Industry Events
    Live from show events
    Podcasts
    Videos
    Blogs
    Slideshows
    Infographics
    Webinars
    Whitepapers
    Equipment and Services
    Glossary
    • Magazine
      • Current & Past Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Suppliers Guide
      • Suppliers Guide
      • Add Your Company
    • Printed Electronics
      • Photovoltaics
      • Printed Batteries
      • Printed Circuit Boards/Membrane Switches/In Mold Electronics
      • Flexible and Printed Electronics
      • RFID and NFC
      • Sensors and Wearables
      • Smart Cards and Packaging
      • Touch Screens
    • Raw Materials
      • Adhesives, Barriers and Encapsulants
      • Chemicals, Metals and Powders
      • Conductive Inks and Coatings
      • Electronic Materials
      • Film, Paper, Glass and Substrates
      • Graphene, Perovskites and Carbon Nanotubes
      • Nanomaterials
      • Semiconductors and Quantum Dots
    • Equipment
      • Energy Curing Equipment
      • Lab and Testing Equipment
      • Manufacturing Equipment
      • Printing Equipment
      • 3D Printing
    • Services
      • Contract Manufacturing Services
      • Product Design and Testing
      • Research and Consulting
      • Research Institutions
      • Research Reports
      • Universities
    • Online Exclusives
    • Slideshows
    • Blog
    • Videos
    • Podcasts
    • Infographics
    • Events
      • Industry Events
      • Live from show events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    ASSA ABLOY Reports Strong 2Q 2018

    Net sales increased by 9% to $2.4 billion, with organic growth of 5% and acquired net growth of 2%.

    Related CONTENT
    • ASSA ABLOY to Acquire HHI Division of Spectrum Brands
    • ASSA ABLOY Acquires Omni-ID in the US
    • ASSA ABLOY Acquires Capitol Door Service in the US
    • ASSA ABLOY Sells Nordic Locksmith Business CERTEGO to Nalka Invest
    • ASSA ABLOY Signs Agreement to Acquire MR Group’s Hardware Division
    07.19.18
    ASSA ABLOY reported its second quarter results from 2018. The company noted it had a solid underlying performance, as net sales increased by 9% to SEK 21,140 million ($2.4 billion), with organic growth of 5% and acquired net growth of 2%. Strong growth was shown by Americas, Global Technologies and Entrance Systems and stable growth by Asia Pacific and EMEA.
     
    Contracts have been signed for the acquisition of eight companies with expected combined annual sales of about SEK 1,200 million ($136 million). The Wood Door business in the USA, with annual sales of about SEK 600 million ($68 million), has been divested
     
    Operating income (EBIT) amounted to SEK 2,911 million ($330 million), with an operating margin of 13.8%. Operating cash flow increased by 11% to SEK 2,855 M ($324 million).
     
    “The second quarter continued with strong organic growth of 5%. Organic growth was strong in Americas (9%), Global Technologies (6%) and Entrance Systems (6%), while Asia Pacific and EMEA reported stable organic sales growth of 2%,” Nico Delvaux, president and CEO of ASSA ABLOY, said. “The second quarter’s operating income declined by 6% year-on-year to SEK 2,911 million, corresponding to an operating margin of 13.8%. The Group’s adjusted operating income, excluding write-downs of operating assets of SEK –400 million, was SEK 3,311 million, corresponding to a stable operating margin of 15.7%.
     
    “Operating cash flow was strong in the second quarter and increased by 11% to SEK 2,855 million,” he added. “We are continuing with full focus on our current restructuring programs and, as previously announced, we expect to launch a new program by the end of 2018.”
     
    Delvaux said that ASSA ABLOY has been exposed to a general market decline in China since the peak in 2014.
     
    “The market situation in China continues to be difficult, as previously reported,” he added. “We expect the operating margin to remain low in the Chinese market for the next few years and this has resulted in a required write-down of SEK 5,595 million for impairment of goodwill and other intangible assets. We also made provisions of SEK 400 million for receivables and inventory in the quarter.
     
    “After the events of 2016, our focus was internal and directed to stabilizing the organization,” Delvaux continued. “We are now building a focused China organization around our main brands: PanPan, Yale and ASSA ABLOY. China will remain very important to us, and we remain firmly committed to the market. In China we are now seeing continued urbanization, a growing aftermarket for our products, and increasing demand for more advanced security solutions. We are convinced that with our new business strategy in place China will give us good returns in the longer term.”    
    Related Searches
    • assa abloy
    Suggested For You
    ASSA ABLOY to Acquire HHI Division of Spectrum Brands ASSA ABLOY to Acquire HHI Division of Spectrum Brands
    ASSA ABLOY Acquires Omni-ID in the US ASSA ABLOY Acquires Omni-ID in the US
    ASSA ABLOY Acquires Capitol Door Service in the US ASSA ABLOY Acquires Capitol Door Service in the US
    ASSA ABLOY Sells Nordic Locksmith Business CERTEGO to Nalka Invest ASSA ABLOY Sells Nordic Locksmith Business CERTEGO to Nalka Invest
    ASSA ABLOY Signs Agreement to Acquire MR Group’s Hardware Division ASSA ABLOY Signs Agreement to Acquire MR Group’s Hardware Division
    Estonia Adds e-passport Solution from HID Estonia Adds e-passport Solution from HID
    ASSA ABLOY Acquires Sure-Loc ASSA ABLOY Acquires Sure-Loc
    ASSA ABLOY Invests in Paravision ASSA ABLOY Invests in Paravision
    ASSA ABLOY Publishes 2020 Sustainability Report ASSA ABLOY Publishes 2020 Sustainability Report
    ASSA ABLOY Acquires Invengo ASSA ABLOY Acquires Invengo's Textile Services Business Unit in France
    ASSA ABLOY Aids Contactless Payment for Public Transport Passengers in Stockholm ASSA ABLOY Aids Contactless Payment for Public Transport Passengers in Stockholm
    ASSA ABLOY Acquires Technology Solutions ASSA ABLOY Acquires Technology Solutions
    ASSA ABLOY, LG Electronics Collaboration Set to Transform Digital Door Displays ASSA ABLOY, LG Electronics Collaboration Set to Transform Digital Door Displays
    ASSA ABLOY Completes Divestiture of CEDES in Switzerland to capiton AG ASSA ABLOY Completes Divestiture of CEDES in Switzerland to capiton AG
    ASSA ABLOY Commits to Science-Based Sustainability Targets ASSA ABLOY Commits to Science-Based Sustainability Targets

    Related Breaking News

    • Breaking News | Manufacturers News | Mergers and Acquisitions | RFID and NFC
      ASSA ABLOY to Acquire HHI Division of Spectrum Brands

      ASSA ABLOY to Acquire HHI Division of Spectrum Brands

      Key brands include Kwikset, Baldwin, Weiser, Pfister and National Hardware.
      09.09.21

    • Breaking News | Manufacturers News | Mergers and Acquisitions | RFID and NFC
      ASSA ABLOY Acquires Omni-ID in the US

      ASSA ABLOY Acquires Omni-ID in the US

      Omni-ID is a Rochester, NY-based manufacturer of RFID tags and industrial IoT hardware devices.
      08.18.21

    • Breaking News | Manufacturers News | RFID and NFC
      ASSA ABLOY Acquires Capitol Door Service in the US

      ASSA ABLOY Acquires Capitol Door Service in the US

      Capitol Door Service is a leading pedestrian door distributor and service company in California, Nevada and Arizona.
      08.13.21


    • Breaking News | Mergers and Acquisitions | RFID and NFC | Suppliers News
      ASSA ABLOY Sells Nordic Locksmith Business CERTEGO to Nalka Invest

      ASSA ABLOY Sells Nordic Locksmith Business CERTEGO to Nalka Invest

      Transaction reinforces the strategic focus on the core security solutions business of ASSA ABLOY Opening Solutions EMEIA Division.
      07.06.21

    • Breaking News | Mergers and Acquisitions | RFID and NFC
      ASSA ABLOY Signs Agreement to Acquire MR Group’s Hardware Division

      ASSA ABLOY Signs Agreement to Acquire MR Group’s Hardware Division

      MR Group’s hardware division is a leading supplier of aluminum profile hardware and locks in Portugal.
      06.03.21

    Loading, Please Wait..
    Trending
    • Fast Company Names Zebra Technologies To 2022 Best Workplaces For Innovators
    • Zebra Technologies’ Emission Reduction Targets Validated By SBTi
    • Emerson Reports Third Quarter 2022 Results
    • Stratasys Signs Agreement To Acquire Covestro’s Additive Manufacturing Materials Business
    • Weekly Recap: ALTANA, Universal Display And Emerson Top This Week’s Stories
    Breaking News
    • Weekly Recap: ALTANA, Universal Display and Emerson Top This Week’s Stories
    • eMagin Corporation Announces 2Q 2022 Results
    • Zebra Technologies’ Emission Reduction Targets Validated by SBTi
    • Identiv Delivers Impressive 41% Year-over-Year Growth in RFID Business
    • Stratasys Signs Agreement to Acquire Covestro’s Additive Manufacturing Materials Business
    View Breaking News >
    CURRENT ISSUE

    Winter 2021

    • Printed Electronics Now’s International Suppliers’ Directory
    • The Automotive Market and Flexible and Printed Electronics
    • Flexible and Printed Electronics in Healthcare
    • Flexible and Printed Electronics Make Gains in Smart Packaging
    • PAPERONICS: Low-cost multisensory paper and packaging applications
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Charlotte’s Web Sports Product Line to Undergo NSF Certification Process
    ADM and Benson Hill Partner to Scale High Protein Soy for U.S. Market
    Tazo Transitions to Regenerative Organic Agriculture
    Coatings World

    Latest Breaking News From Coatings World

    What are you Reading this Week?
    SONGWON Industrial Group Reports Strong Q2 Financial Results
    PPG Completes COLORFUL COMMUNITIES Project for Boys & Girls Clubs of Greater Houston
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    MPO's Most-Read Stories This Week—Aug. 13
    'Graft-on-a-Chip' Built to Improve Vascular Graft Success
    Abbott Invests €440 in New Irish Facility
    Contract Pharma

    Latest Breaking News From Contract Pharma

    AskBio Appoints Clinical Ops Executives
    SpectrumX Partners With UK Contract Manufacturer
    GL Chemtec Partners with Edgewater Capital to Accelerate Growth
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Arkay Chairman Emeritus Howard Kaneff Has Died
    Nutricosmetics Market to Hit $13.7 Billion by 2030
    Estée Lauder Pledges 100% Electric Fleet of Vehicles by 2030
    Happi

    Latest Breaking News From Happi

    Self Care Trumps Home Care Post-Covid
    Sephora’s Virtual House of Beauty Returns with Exclusive Offerings
    JC Penney Appoints Chief Financial Officer
    Ink World

    Latest Breaking News From Ink World

    Weekly Recap: Printing Ink Primer, Zeller+Gmelin Lead This Week’s News Stories
    Heidelberg Enjoys Successful Start to 2022-23 Fiscal Year
    Mimaki Announces New LATAM Website
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Esko, Constantia Flexibles announce acquisitions and more
    Hybrid Software joins The Flexo Xperience Center
    Flexo Wash LLC and Mike Potter celebrate 20 years
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Focke & Co. to Host Destination: Your Hygiene Hub on August 31
    Exports Dominate Chinese Trade of Tissues, Hygiene Products and Wipes
    Freudenberg to Present Friction Inserts for Wind Energy
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    ODT's Most-Read Stories This Week—Aug. 13
    Dental 3D Printing Market is Expanding 20% Annually
    Study Results Released for Abbott's Concussion Blood Test
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Weekly Recap: ALTANA, Universal Display and Emerson Top This Week’s Stories
    eMagin Corporation Announces 2Q 2022 Results
    Zebra Technologies’ Emission Reduction Targets Validated by SBTi

    Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login