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

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to the presentation of Assa Abloy's Q2 report in 2025. My name is Björn Tebell, I'm heading investor relations and joining me here in the studio are Assa Abloy's CEO Nico Delvaux and our CFO Erik Pieder. We'll start now as usual with a summary of the report before we open up for your questions and then we will round up in about one hour's time. So with that the floor is yours Nico. Thank you Björn and also good morning from my side. We can report good numbers for Q2. We had a strong overall performance with a good organic growth of 3%, a low 2% price, a high 1% volume. It's also good to see now that we have for the second quarter in a row, again, positive organic volume growth. We have seen good organic sales development or strong sales growth in global tech, good sales growth in Americas, and small sales growth in entrance systems, but then the sales decline in EMEA and in Asia Pacific. Also good to see that organic growth continues to be supported by strong growth through acquisitions, 5% net in the quarter. And then very strong operational execution with a volume leverage of 53% on the 3% organic growth, giving us an EBITDA margin of 17.2% and an EBIT margin of 16.2%. also good work on the balance sheet side with a strong cash flow of 5.5 billion sec and a cash conversion of 103 percent and we continue to be active on the acquisition front with five acquisitions completed in the quarter if you look at the numbers A sales of 38 billion SEC, so the 3% organic, the 5% net acquisition, and unfortunately a strong currency headwind of minus 8%. The EBITDA margin of 17.2%, even above the 16% to 17% bandwidth we aim for, EBITDA up 1%. If we now look a little bit into the different regions, I can repeat what I said in previous quarters. We...