- ASSA ABLOY (OTC:ASAZY) reported Q2 2025 net sales of SEK 38,015M, with organic growth of 3%.
- The company achieved an operating income of SEK 6,155M, marking a 1% increase year-over-year.
- Five acquisitions were completed in the quarter, contributing combined annual sales of SEK 800M.
ASSA ABLOY (OTC:ASAZY) announced a robust performance in the second quarter of 2025, posting net sales of SEK 38,015 million. The company's organic sales grew by 3%, and acquired net growth was recorded at 5%, despite an adverse currency impact of 8%. This growth trajectory underscores the company's steadfast operational execution and strategic acquisitions.
The operating income (EBIT) for Q2 2025 was SEK 6,155 million, reflecting a 1% increase compared to the same period last year. The operating margin improved slightly to 16.2% from 16.0% in Q2 2024, even as acquisitions and currency effects diluted the margin by 70 basis points.
Key areas of growth included ASSA ABLOY's Global Technologies sector, which experienced an 8% organic growth, and the Americas region, which saw a 4% increase. Conversely, sales in EMEIA and Asia Pacific declined by 1% each due to project delays and weak residential markets, particularly in China.
During the quarter, ASSA ABLOY completed five acquisitions, including the acquisition of TeleAlarm, a European provider of integrated remote care technology. These acquisitions collectively brought in annual sales of about SEK 800 million, further strengthening the company's position in targeted growth markets.
Electromechanical products and solutions were a significant growth driver, achieving a currency-adjusted growth of 12% due to strong demand for upgrades. The operating cash flow remained robust at SEK 5,452 million, with a cash conversion rate of 103%.
