Assa Abloy AB (STU:ALZC)
€ 28.57 -0.52 (-1.79%) Market Cap: 32.00 Bil Enterprise Value: 37.75 Bil PE Ratio: 24.09 PB Ratio: 3.67 GF Score: 88/100

Q1 2019 Assa Abloy AB Earnings Call Transcript

Apr 25, 2019 / 07:30AM GMT
Release Date Price: €19.14 (-3.58%)
BjÃ;rn Tibell;publ;Head of IR
ASSA ABLOY AB

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Good morning from Stockholm, and welcome to the Presentation of ASSA ABLOY's First Interim Report 2019. My name is Bjorn Tibell. I'm heading Investor Relations, and joining me here is our CEO, Nico Delvaux; and our CFO, Erik Pieder.

We will start this conference with a presentation before we open up for your questions. And with that, I would like to hand over to you, Nico.

Nico Delvaux;publ;President
ASSA ABLOY AB;CEO & Head of Global Technologies Division

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Thank you, Björn, and good morning to most of you, good afternoon to some of you.

Our Q1 results, I think we had a good start of the year with strong organic sales development, 5%. And then complemented with good acquisition growth with more than 3%. Really strong growth in Americas, strong growth in the Global Technologies as well on the HID side as on the Global Solutions side. Also strong growth in APAC, although that growth came from inter

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