Norbert Hanke appointed interim President and CEO of Hexagon AB
The Board of Directors of Hexagon AB and Paolo Guglielmini have mutually agreed that Paolo will step down from his position as Hexagon’s President and CEO. The Board sees a new leadership approach as essential to steer the company through its next phase.
The Board of Directors of Hexagon AB has appointed Norbert Hanke as interim President and Chief Executive Officer of Hexagon AB. Norbert Hanke assumes his position with immediate effect. Norbert joined Hexagon in 2001, most recently serving as Hexagon’s COO (Chief Operating Officer) and prior to that as Hexagon’s Manufacturing
Read more →Securitas AB Interim Report Q3 2024 | January–September
July–September 2024
· Total sales MSEK 40 229 (40 047)
· Organic sales growth 5 percent (8)
· Real sales growth within technology and solutions 6 percent (14)
· Operating income before amortization MSEK 3 006 (2 764)
· Operating margin 7.5 percent (6.9)
· Earnings per share, SEK 2.03 (–3.58)
· Earnings per share before IAC, SEK 3.05 (2.66)
· Cash flow from operating activities 115 percent (84)
January–September 2024
· Total sales MSEK 120 127 (117 707)
· Organic sales growth 5 percent (10)
· Real sales growth within technology and solutions 7 percent (
Read more →ASSA ABLOY acquires Lawrence Doors in the US
ASSA ABLOY has acquired Lawrence Doors, a US manufacturer of coiling steel doors, grilles and counter shutters.
"I am very pleased to welcome Lawrence Doors into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of ASSA ABLOY.
"With the acquisition of Lawrence Doors, we are set to enter the rapidly growing coiling steel market and establish a strong presence on the US West Coast," says Massimo Grassi, Executive Vice
Read more →HEXPOL acquires 80 percent of the shares in Piedmont Resin Supply LLC, a leading US Nylon compounder
HEXPOL has signed an agreement to acquire 80 percent of the shares in Piedmont Resin Supply, LLC (Piedmont) from the founder Mr. Matt Griffith and Mr. Paul Daniel. Piedmont was founded in 2013 and has grown to become one of the largest independent nylon compounders in the US. The company is an industry leader in technical nylon compounds on the US market and services a variety of customers within automotive, transportation and the furniture industries. Piedmont operates a well invested manufacturing facility in Cartersville, GA with some 60 employees and further capacity to grow. The
Read more →Securitas AB to publish the Interim Report January-September 2024 on November 6, 2024
Securitas AB will publish the Interim Report January-September 2024 on Wednesday November 6, 2024,
at 8.00 a.m. (CET).
8.00 a.m. (CET) Report release
The report will be sent as a press release from Cision (www.cision.se) and will automatically be published on www.securitas.com when released.
9.00 a.m. (CET) Presentation slides available
For presentation slides, follow the link
www.securitas.com/en/investors/financial-reports-and-presentations
9.30 a.m. (CET) Telephone conference and audio cast
Analysts and media are invited to participate in a telephone conference at 9.30 a.m.
Read more →Interim report January-September 2024
JULY – SEPTEMBER 2024
· Sales amounted to 4,977 MSEK (5,461).
· EBIT amounted to 800 MSEK (930).
· EBIT-margin amounted to 16.1 percent (17,0).
· Profit after tax amounted to 559 MSEK (670).
· Earnings per share amounted to 1.62 SEK (1.95).
· Operating cash flow amounted to 803 MSEK (963).
JANUARY – SEPTEMBER 2024
· Sales amounted to 15,743 MSEK (17,178).
· EBIT amounted to 2,616 MSEK (2,821).
· EBIT-margin increased to 16.6 percent (16.4).
· Profit after tax amounted to 1,867 MSEK (2,017).
· Earnings per share amounted to 5.42 SEK (5.86).
·
Read more →Hexagon Interim Report 1 January - 30 September 2024
Third quarter 2024
• -2 per cent organic revenue growth (using fixed exchange rates and a comparable group structure)
• Net sales decreased by -4 per cent to 1,299.8 MEUR (1,352.1)
• Net sales including the reduction of acquired deferred revenue amounted to 1,299.8 MEUR (1,349.8)
• Adjusted gross margin of 67.1 per cent (65.5)
• Adjusted operating earnings (EBIT1) decreased by -4 per cent to 376.6 MEUR (393.0)
• Adjusted operating margin amounted to 29.0 per cent (29.1)
• Earnings per share, excluding adjustments, amounted to 10.1 Euro cent (10.6)
• Earnings per share, including
Read more →Hexagon evaluating potential separation of its Asset Lifecycle Intelligence business
Hexagon AB (Nasdaq Stockholm: HEXA B) announces that the Board of Directors has authorised management to evaluate a potential separation of its Asset Lifecycle Intelligence (ALI) business (“NewCo”) by way of a Lex Asea distribution (or “spin-off”) to its shareholders. Hexagon is evaluating listing options for NewCo in the U.S. and Sweden.
NewCo is also expected to include the ETQ business (currently operating under the Manufacturing Intelligence division), the Bricsys business (currently operating under the Geosystems division) and the Utilities & Infrastructure business that is
Read more →Quarterly Report Q3 2024
Record operating profit
Third quarter
· Net sales increased by 1% to SEK 37,418 M (36,881), with positive organic growth of 0% (1) and acquired net growth of 4% (11). Exchange- rates affected sales by –3% (4).
· Organic sales growth was good in Americas and Global Technologies, stable in EMEIA, while organic sales declined in Entrance Systems and Asia Pacific.
· Seven acquisitions with combined annual sales of about SEK 4 billion were completed in the quarter.
· Operating income[1] (EBIT) increased by 8% and amounted to SEK 6,255 M (5,777), with an operating margin of 16.7%
Read more →