Securitas has completed the acquisition of Stanley Security
The acquisition of Stanley Security is now completed and is consolidated into Securitas as of July 22, 2022. Securitas will present the strategy of the new Group as well as new financial targets on August 24, 2022.
On December 8, 2021, Securitas announced it had signed an agreement to acquire the Electronic Security Solutions business from Stanley Black & Decker Inc. (“Stanley Security”) for a purchase price of MUSD 3 200 on a debt and cash free basis. The acquisition is expected to create compelling sales growth and be immediately operating margin accretive to the Group. We anticipate
Read more →Securitas AB to publish the Interim report January-June 2022
Securitas AB will publish the Interim report January-June 2022 on Thursday, July 28, 2022, at approximately 1.00 p.m. (CEST).
App. 1.00 p.m. (CEST) 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.
2.00 p.m. (CEST) Presentation slides available
For presentation slides, follow the link www.securitas.com/presentations
2.30 p.m. (CEST) Telephone conference and audio cast
Analysts and media are invited to participate in a telephone conference at 2.30 p.m. (CEST) where Securitas
Read more →Save the date – AAK’s Capital Market Day November 29, 2022
AAK’s Capital Market Day 2022 is scheduled for November 29.
The intention is to host a physical event in Stockholm, Sweden, at Grand Hôtel, although this might change depending on potential Covid-19-related restrictions. The official program will start around lunch and end no later than 5:00 p.m. CET.
More information will follow in the official invitation, which will be sent out during the fall.
For more information, please contact:
Johan Holmqvist
Acting Head of IR and Corporate Communications
Mobile: +46 708 37 66 77
E-mail: johan.holmqvist@aak.com
The
Read more →AAK’s Interim report for the second quarter 2022 – strong quarter despite high volatility and a demanding macro-economic climate
AAK Group
· Total volumes increased by 1 percent, to 554,000 MT (550,000).
· Operating profit, excluding items affecting comparability (adjusted operating profit), but including a positive currency translation impact of SEK 84 million, increased by 15 percent, reaching SEK 624 million (541). At fixed foreign exchange rates, operating profit was flat.
· AAK reported an item affecting comparability (IAC), a cost of SEK 350 million, related to the decision to exit the Russian market.
· Profit for the period amounted to SEK 160 million (103). Excluding IAC, profit for the period
Read more →Quarterly Report Q2 2022
Strong growth and profit in turbulent times
Second quarter
· Net sales increased by 25% to SEK 29,466 M (23,648), with organic growth of 13% (23) and acquired net growth of 0% (5).
· Very strong organic growth in Americas and Entrance Systems and strong growth in EMEIA and Global Technologies, but organic sales declined in Asia Pacific.
· Three acquisitions with combined annual sales of about SEK 1,100 M were signed in the quarter.
· Operating income (EBIT) increased by 23% and amounted to SEK 4,406 M (3,589), corresponding to an operating margin of 15.0% (15.2).
· Net
Read more →AAK invests in food tech company Green-On to accelerate improved sustainability in future food applications
AAK AB (publ.) has decided to invest in Green-On, a food tech start-up company in Gothenburg, Sweden, whose concept is based on the so-called Power-to-X technology.
With this technology, the aim is to create raw materials – in this case oils and fats for food and other applications – directly from carbon dioxide, renewable energy, and water, thereby eliminating the need for arable land, one of the scarcest resources we have. The Power-to-X technology has the potential to accelerate the development of sustainable ingredient solutions for food and technical products.
“There are today,
Read more →Half-year report January – June 2022
APRIL – JUNE 2022
· Sales increased by 41 percent and amounted to 5,654 MSEK (4,002).
· EBIT increased by 15 percent to 836 MSEK (728).
· EBIT-margin amounted to 14.8 percent (18.2).
· Profit after tax increased by 20 percent to 644 MSEK (537).
· Earnings per share increased by 20 percent to 1.87 SEK (1.56).
· Operating cash flow amounted to 642 MSEK (590).
JANUARY – JUNE 2022
· Sales increased by 39 percent and amounted to 10,827 MSEK (7,812).
· EBIT increased by 13 percent to 1,611 MSEK (1,432).
· EBIT-margin amounted to 14.9 percent (18.3).
· Profit
Read more →AAK to renew and issue bonds for a total of SEK 1.5 billion
AAK AB (publ.) has signed an agreement with Svensk Exportkredit (SEK) to renew an existing bond for SEK 500 million with expiration and renewal date during the month of August. This bond will have a duration of one year and carries a floating interest rate.
AAK has also issued two new bonds with Svensk Exportkredit for SEK 500 million each, with a duration of two and four years, respectively. These bonds carry a floating interest rate. AAK intends to sustainability-link these two bonds.
The proceeds from the bond issues will be used to broaden AAK’s funding base and for general
Read more →Update on timing of ASSA ABLOY´s acquisition of the Hardware and Home Improvement (“HHI”) division of Spectrum Brands
On December 2, 2021, it was communicated that the acquisition of HHI is expected to close during 2022. The US regulator continues to review the proposed acquisition of HHI and ASSA ABLOY is working to resolve its potential concerns. It can therefore not be ruled out that the closing of the transaction extends into 2023.
On September 8, 2021, ASSA ABLOY announced it had signed an agreement to acquire the HHI division of Spectrum Brands (NYSE:SPB) for a purchase price of MUSD 4,300 on a cash and debt free basis.
ASSA ABLOY and Spectrum Brands have agreed to extend their agreement for ASSA
Read more →