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

Q2 2021 Assa Abloy AB Earnings Call Transcript

Jul 19, 2021 / 07:30AM GMT
Release Date Price: €25.61 (-2.14%)
BjÃ;rn Tibell;publ;Head of IR
ASSA ABLOY AB

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Good morning, and welcome to the presentation of ASSA ABLOY's second interim report in 2021. My name is Björn 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.

As usual, we will now start with a summary of the report before we open up for your questions, and we seek to round this up in about 1 hour.

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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Thanks, Björn, and also good morning from my side.

Q2 results for ASSA ABLOY, a strong quarter with a significant sales growth and a stronger margin recovery. A record organic growth of plus 23%. A very strong sales growth in all divisions, except for the APAC division where we saw a stable sales growth. And also complemented with good growth through acquisitions of

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