ASSA ABLOY AB (publ) (ASSA_B) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.118 Good morning everyone and welcome to the presentation of Assa Abloy's Q2 report 00:00:05.118 -- 00:00:07.161 in 2025. 00:00:07.161 -- 00:00:11.527 My name is Björn Tebell, I'm heading investor relations and joining me here in the studio 00:00:11.527 -- 00:00:16.214 are Assa Abloy's CEO Nico Delvaux and our CFO Erik Pieder. 00:00:16.214 -- 00:00:21.161 We'll start now as usual with a summary of the report before we open up for your questions 00:00:21.161 -- 00:00:24.125 and then we will round up in about one hour's time. 00:00:24.125 -- 00:00:26.749 So with that the floor is yours Nico. 00:00:26.749 -- 00:00:30.035 Thank you Björn and also good morning from my side. 00:00:30.035 -- 00:00:35.345 We can report good numbers for Q2. We had a strong 00:00:35.345 -- 00:00:37.328 overall performance 00:00:37.328 -- 00:00:40.574 with a good organic growth of 3%, 00:00:40.574 -- 00:00:43.820 a low 2% price, a high 1% 00:00:43.820 -- 00:00:48.428 volume. It's also good to see now that we have for the second quarter in a row, again, 00:00:48.428 -- 00:00:53.635 positive organic volume growth. We have seen good organic sales development or strong 00:00:53.635 -- 00:00:58.729 sales growth in global tech, good sales growth in Americas, and small sales growth 00:00:58.729 -- 00:01:04.207 in entrance systems, but then the sales decline in EMEA and in Asia Pacific. 00:01:04.207 -- 00:01:06.350 Also good to see that 00:01:06.350 -- 00:01:11.699 organic growth continues to be supported by strong growth through acquisitions, 5% net 00:01:11.699 -- 00:01:17.408 in the quarter. And then very strong operational execution 00:01:17.408 -- 00:01:22.917 with a volume leverage of 53% on the 3% organic growth, 00:01:22.917 -- 00:01:28.005 giving us an EBITDA ma...