Q1 2026 Assa Abloy AB Earnings Call Transcript

Apr 28, 2026 / 07:00AM GMT

Release Date Price: $19.64 (-2.34%)

Transcript

Key Points

Positve

Assa Abloy AB (ASAZF) reported a strong EBIT margin improvement of 40 basis points compared to last year, reaching 15.3%.
The company achieved a 6% organic growth in electromechanical products within regional divisions.
Cash flow improved significantly, up 30% compared to the previous year.
Assa Abloy AB (ASAZF) completed three acquisitions in the quarter, contributing to a net acquired growth of 2%.
The company launched innovative products, including the Kwikset Aura Reach Smart Door Lock and DoorBird's IP video intercom system with integrated 5G.

Negative

Total sales were down by 6% due to a significant negative impact from foreign exchange rates, which contributed to a 10% decline.
The residential market remains challenging, particularly affecting the residential garage doors segment.
Entrance Systems experienced flat organic sales development, with declines in doors & automation and the industrial segment.
The logistics vertical in Europe continues to decline, impacting the industrial segment's performance.
The company faced a sales decline in Greater China, with the market continuing to be double-digit down.

Bjorn Tibell

Assa Abloy AB - Head of Investor Relations

Good morning, everyone, and welcome to the presentation of ASSA ABLOY's first interim report in 2026. My name is Bjorn Tibell, I'm heading Investor Relations. And joining me here in the studio are ASSA ABLOY's CEO, Nico Delvaux; and our CFO Erik Pieder. We'll start this conference now with a short summary of the report, and then we will open up for your questions as usual. And we have set aside about one hour for these event.

So with that, I'd like to hand over to you, Nico.

Nico Delvaux

Assa Abloy AB - President, Chief Executive Officer, Head - Global Technologies Division and Asia Pacific Division

Thanks, Bjorn. Also good morning from my side. We can report a good start of the year with a continued strong execution in the quarter. We had a good organic sales development of plus 2%. The good sales growth in Americas, Global Technologies and EMEIA, but a stable sales in Entrance Systems and APAC. Then net organic sales complemented with growth through acquisitions of net 2%.

And then

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.