ASSA ABLOY AB (publ) (ASSA_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to the presentation of ASSA ABLOY's First Interim Report in 2026. My name is Bjorn Trevell. I am Heading Investor Relations and joining me here in the studio are ASSA ABLOY's CEO, Nico Davout and our CFO, E. A. Peter. We will 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 events. So with that, I'd like to hand over to you, Nico. Thanks, Guillaume. Also good morning from my side. We can report a good start of the year with a continued strong execution in quarter. Very good organic sales development of plus 2% with good sales growth in Americas, Global Technologies and EMEA but a stable sales in Ankara Systems and APAC. Net organic sales complemented with growth through acquisitions of net 2% and then a strong execution with a strong EBIT margin improvement 40 basis points better than last year and EBIT at 15.3% with an excellent operating leverage of 51% and then again cash flow also highlights this quarter, very strong cash flow 30% up compared to last year. Our Mechanical organic sales continues to outgrow the rest of the business. We had the 6% organic growth for electromechanical products in the regional divisions and then we complement the three acquisitions or we complete the three acquisitions in the quarter. So if we look in numbers, sales of almost billion, two percent organic growth, 2% net acquired growth but then hit in an important way by FX minus 10%, so top line minus six in total. We are very happy with the EBITDA margin evolution, 50 basis points better than last year at a strong 16.4%. Then we have the EBIT margin like I mentioned at 15.3, 40 basis points better than last year and EBIT in absolute value o...