ASSA ABLOY AB (publ) (ASSA_B) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.398 Good morning everyone and welcome to the presentation of Assa Abloy's Q3 report 00:00:05.398 -- 00:00:07.261 in 2025. 00:00:07.261 -- 00:00:11.987 My name is Björn Tebell, I'm heading investor relations and joining me here in the studio 00:00:11.987 -- 00:00:17.254 are Assa Abloy's CEO Nico Delvaux and our CFO Erik Pieder. 00:00:17.254 -- 00:00:22.320 As usual we will now kick off this conference with a summary of the report 00:00:22.320 -- 00:00:24.623 and then we will open up for your questions. 00:00:24.623 -- 00:00:26.946 So Nico that means it's over to you. 00:00:26.946 -- 00:00:29.815 Thanks Björn, also good morning from my side. 00:00:29.815 -- 00:00:35.082 Q3 results, we can show strong numbers for Q3 with good growth and 00:00:35.082 -- 00:00:36.865 strong margins. 00:00:36.865 -- 00:00:42.392 We had a good organic sales development with a strong 3% 00:00:42.392 -- 00:00:44.435 organic growth, 00:00:44.435 -- 00:00:49.462 with good sales growth in EMEA, Antron Systems, Global Tech and Americas, 00:00:49.462 -- 00:00:52.606 and a sales decline in Asia-Pacific, 00:00:52.606 -- 00:00:56.832 mainly because of the continued challenging situation in Greater China. 00:00:56.832 -- 00:00:58.815 Good 00:00:58.815 -- 00:01:04.002 operational execution with record operating margin, 00:01:04.002 -- 00:01:08.589 highest operating margin since Q3 2015, 16.8% 00:01:08.589 -- 00:01:11.973 EBIT with excellent 00:01:11.973 -- 00:01:16.863 operating leverage offsetting our M&A and currency dilution. 00:01:16.863 -- 00:01:22.130 Also very strong cash flow, 10% up and a cash conversion of 125%. 00:01:22.130 -- 00:01:26.476 And then we completed five acquisitions in the quarter. 00:01:26.476 -- 00:01:31.643 If you look at the numbers, a sales o...