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Assa Abloy (ASAZY)
OTHER OTC:ASAZY
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.16Last Year’s EPS
0.14Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: 1.51%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong financial performance and record-breaking achievements in operating income, acquisitions, and product launches. However, these positives were offset by organic sales challenges, particularly in the APAC region and the residential market. The company remains optimistic about certain segments and regions but acknowledges ongoing economic uncertainties.Company Guidance
In the fiscal year-end report for 2024, ASSA ABLOY presented a stable organic sales development with a slight decline of 0.3%, while acquisition growth contributed a robust 6% and currency effects added 1%, resulting in a 7% increase in top-line revenue to SEK40 billion. The company reported a strong operating margin of 16.5% and a record operating income of approximately SEK6.5 billion. Cash conversion was notably high at 141% for the quarter and 110% for the full year, with cash flow reaching SEK8 billion. ASSA ABLOY completed eight acquisitions in the quarter and 26 for the year, setting a new record. Regionally, North America experienced a 1% organic growth, while South America achieved an 8% increase. Europe saw a 2% decline, and Asia Pacific faced an 11% drop. The company continued to focus on innovation, launching over 550 new products in 2024. Moving forward, ASSA ABLOY aims to address the challenging organic growth environment while leveraging acquisition strategies to sustain growth.Record Operating Income and Cash Flow
Operating income reached a record high of SEK6.5 billion with strong cash conversion of 141% in Q4 and SEK8 billion in cash flow for the quarter.
Acquisition Success
The company completed eight acquisitions in Q4 and 26 in the full year, setting a new record, contributing to a 6% growth through acquisitions.
Global Tech Segment Performance
Global Tech saw a 5% organic sales growth with an operating margin of 19.3%, driven by strong performance in HID and Global Solutions.
New Product Launches
The company launched over 550 new products in 2024, marking a record year for product innovation.
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ASAZY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ASAZY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $15.21 | $15.14 | -0.46% |
| Oct 23, 2024 | $15.90 | $15.60 | -1.89% |
| Jul 17, 2024 | $14.65 | $14.70 | +0.34% |
| Apr 24, 2024 | $14.18 | $13.68 | -3.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Assa Abloy (ASAZY) report earnings?
Assa Abloy (ASAZY) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Assa Abloy (ASAZY) earnings time?
Assa Abloy (ASAZY) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASAZY EPS forecast?
ASAZY EPS forecast for the fiscal quarter 2025 (Q1) is 0.16.
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