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 →ASSA ABLOY enters into an agreement to sell Citizen ID
ASSA ABLOY has signed an agreement to sell its Citizen ID business to TOPPAN.
The Citizen ID business area of HID manufactures, designs, and implements physical and mobile identity solutions for government to citizen programs around the globe. Citizen ID has some 450 employees with manufacturing facilities in Ireland, Malta and the US. Sales in 2023 amounted to about SEK 1,300 M.
"I find it very satisfying that with TOPPAN, Citizen ID and its employees and customers get a committed long-term owner, creating new opportunities for the future and I wish them every success,” says Nico
Read more →Nomination Committee for the ASSA ABLOY 2025 Annual General Meeting
The following representatives of ASSA ABLOY AB’s shareholders will be members of the Nomination Committee for the 2025 Annual General Meeting:
- Johan Menckel, Investment AB Latour, Chairman of the Nomination Committee
- Mikael Ekdahl, Melker Schörling AB
- Marianne Nilsson, Swedbank Robur Fonder
- Yvonne Sörberg, Handelsbanken Fonder
- Carina Silberg, Alecta
The Chairman of the Board, Johan Hjertonsson, has been co-opted to the Nomination Committee.
The Nomination Committee shall prepare proposals for the Annual General Meeting in 2025 regarding the election of
Read more →Changes to the Securitas Group Management team
Jorge Couto, currently Divisional President Securitas Ibero-America, has been appointed as the new Divisional President North America, and Zacarías Erimías, who is currently Country President Spain, has been appointed his successor and becomes the new Divisional President Securitas Ibero-America and member of Group Management effective November 1, 2024.
Securitas’ focus remains on becoming the leading intelligent security solutions partner for its clients by combining extensive presence with connected technology and intelligent use of data. The company is happy to promote two of its talented
Read more →Invitation to presentation of HEXPOL's Interim Report Q3 on 25 October
HEXPOL will release the Interim Report for the third quarter 2024 on Friday 25 October at about 13:00 CET. The report will be presented by HEXPOL’s President and CEO Klas Dahlberg and deputy CEO and CFO Peter Rosén at a web-casted conference call on 25 October at 14:00 CET.
The presentation can be followed on the web or over the phone.
If you wish to participate via webcast please use the link below.
https://ir.financialhearings.com/hexpol-q3-report-2024 (https://nam12.safelinks.protection.outlook.com/?url=https%3A%2F%2Fir.financialhearings.com%2Fhexpol-q3-report-2024&data=05%7C02%
Read more →Invitation to presentation of Hexagon's Interim Report on 25 October
Hexagon will release its Interim Report for the third quarter 2024 on Friday, 25 October, at approximately 08:00 CET. President and CEO Paolo Guglielmini will host a live webcast and telephone conference at 10:00 CET.
Webcast:
The webcast will be streamed here (https://edge.media-server.com/mmc/p/7kw9m9ch/).
Telephone conference:
Anyone interested in participating in the Q&A session following the first quarter Interim Report presentation must register here (https://register.vevent.com/register/BI96ee4028c1094844929dcbc9ccc869f5).
1. Upon registering, each participant will be
Read more →Securitas joins AI Pact for responsible AI use
Securitas joins EU's AI Pact, reinforcing its commitment to ethical AI use by integrating cutting-edge technology with human expertise for a safer, more secure future
Securitas, the intelligent security solutions partner with world-leading technology and expertise, has joined the European Commission’s AI Pact to reinforce its commitment to ethical and responsible use of artificial intelligence (AI).
The AI Pact is a voluntary framework to prepare for compliance with the European Union’s AI Act, which regulates the use of AI systems based on their potential risk. The AI Act came into force
Read more →Invitation to the presentation of ASSA ABLOY’s Q3 report on 23 October starting at 09:00am (CEST)
ASSA ABLOY will release its Q3 report 2024 on Wednesday 23 October 2024 at 08:00 am (CEST). A conference call and webcast will be held following the release of the results, starting at 09:00 am (CEST) and continuing until 10:00 am (CEST). The presentation will be hosted by Nico Delvaux, President & CEO, and Erik Pieder, CFO, followed by questions and answers.
Slides used during the presentation will be available shortly after the release of the report on our website.
Enter the conference call and download presentation material at:
assaabloy.com/investors (https://www.assaabloy.com/
Read more →Securitas sets provision related to U.S. Government investigation in Paragon Systems, Inc.
Securitas sets a provision of approximately MUSD 53 (MSEK 551) related to the U.S. Government investigation into Paragon Systems, Inc, a U.S.-based subsidiary within the business unit Securitas Critical Infrastructure Services.
As previously communicated, the U.S. Government is conducting an investigation into Paragon Systems, Inc, a U.S.- based subsidiary operating under a proxy agreement as required by the U.S. authorities to be eligible for U.S. government business. The investigation relates to alleged misconduct by certain former employees and to Paragon’s relationship with various small
Read more →