ASSA ABLOY today hosts its Capital Markets Day

Rhea-AI Summary

ASSA ABLOY held its Capital Markets Day in London on November 16, 2022, outlining its strategic direction and reaffirming financial targets of an EBIT-margin of 16-17% and annual sales growth of 10%. The event featured presentations on mobile credentials and profitable growth opportunities, with key executives participating. No detailed outlook was provided, but the company emphasized ongoing efforts in expanding its market presence. ASSA ABLOY operates globally with 51,000 employees and sales of SEK 95 billion.

Positive

• Reconfirmed EBIT-margin target of 16-17%.
• Annual sales growth target of 10% over the business cycle.
• Focus on profitable growth opportunities, including mobile credentials.
• Strong global presence with 51,000 employees and significant sales.

Negative

• No detailed outlook provided for future performance.

STOCKHOLM, Nov. 16, 2022 /PRNewswire/ -- Today, Wednesday 16 November, starting at 08:30 GMT (09:30 CET), ASSA ABLOY hosts its Capital Markets Day in London, UK, where Nico Delvaux, President & CEO and Erik Pieder, CFO, will provide an update on ASSA ABLOY's strategy and direction. This will include an overview of strategic activities that ASSA ABLOY is working on to continue to grow the business profitably. The financial targets of an EBIT-margin of 16-17% and an annual sales growth of 10% over a business cycle are re-confirmed. No detailed outlook statement will be made.

The CMD will also include an overview of Opening Solutions Americas division and a discussion of the opportunities that mobile credentials provide with focus on Global Technologies. In the afternoon there will be three breakout sessions where HID's product offering, the integration of Agta Record and a case study of profitable growth in Brazil will be presented.

Other speakers during the day are Massimo Grassi, Head of Entrance Systems, Lucas Boselli, Head of Opening Solutions Americas Division, Neil Vann, Head of Opening Solutions EMEIA division, Björn Lidefelt, Head of HID, Stephanie Ordan, Head of Global Solutions and Markus Kast, Head of the Pedestrian Segment at Entrance Systems.

The CMD can be accessed via a webcast at www.assaabloy.com/group/en/investors and a recording of the webcast will also be published after the event.

For more information, please contact:

Lina Bonnevier, ASSA ABLOY AB
Phone: +46 (0) 8 506 485 51, Mobile: +46 (0) 73 092 42 05
lina.bonnevier@assaabloy.com

About ASSA ABLOY

The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 51,000 employees and sales of SEK 95 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.

The following files are available for download:

https://mb.cision.com/Main/7333/3667522/1672264.pdf

Press release (PDF)

View original content:https://www.prnewswire.com/news-releases/assa-abloy-today-hosts-its-capital-markets-day-301679687.html

SOURCE ASSA ABLOY

FAQ

What were the key financial targets announced by ASSA ABLOY on November 16, 2022?

ASSA ABLOY reaffirmed an EBIT-margin target of 16-17% and annual sales growth of 10%.

Where was ASSA ABLOY's Capital Markets Day held?

The Capital Markets Day was held in London, UK.

What specific focus areas were discussed during ASSA ABLOY's Capital Markets Day?

The discussions included mobile credentials, HID's product offering, and market growth in Brazil.

How many employees does ASSA ABLOY have?

ASSA ABLOY employs approximately 51,000 people worldwide.

What is ASSA ABLOY's total sales figure as mentioned in the press release?

ASSA ABLOY reported sales of SEK 95 billion.