Assa Abloy

October 23, 2024

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%

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Octave to Host Investor Day in New York on March 26

Hexagon
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2026
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03
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Stockholm, Sweden, 16 March 2026 - Hexagon today announced that Octave, as discussed on the company's most recent earnings call, will host an Investor Day on Thursday, March 26, 2026. The event marks a significant milestone as Octave prepares to become an independent, publicly traded company following its planned separation from Hexagon. Octave's Investor Day will provide a detailed overview of the company's strategic priorities, financial profile, and growth opportunities. Leadership will present the company's vision as a standalone organization and discuss how the planned spin-off
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Hexagon appoints board for Octave

Hexagon
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2026
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03
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12
Stockholm, Sweden, 12 March 2026 - Hexagon AB today announced the appointment of the board of directors of its potential spin-off company, Octave Intelligence plc. The Octave Board brings together senior leaders with experience building and operating global technology platforms, scaling enterprise software businesses, strengthening operational resilience, and governing public companies across industrial and digital markets: Brett D. Watson, Chair of the Board of Directors is President of Koch Equity, LLC, overseeing several Koch-affiliated investment groups and their diverse global
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ASSA ABLOY acquires Sam’s Garage Doors in Canada

Assa Abloy
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2026
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03
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04
ASSA ABLOY has acquired Sam’s Garage Doors, a distributor, installer, and servicer of various door products and a manufacturer of gate products, based in Canada. "I am very pleased to welcome Sam’s Garage Doors to ASSA ABLOY. 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. "Through the acquisition of Sam’s Garage Doors we strengthen our position in Western Canada and expand our service reach across the greater Vancouver
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