Q1 2026 Assa Abloy AB Earnings Call Transcript
Key Points
- 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.
- 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.
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.
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
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