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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Assa Abloy AB    ASSA B   SE0007100581

ASSA ABLOY AB

(ASSA B)
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Real-time Estimate Quote. Real-time Estimate CHI-X - 10/28 12:25:00 pm
190.35 SEK   -3.25%
10/22ASSA ABLOY : Strong recovery in the quarter
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10/22ASSA ABLOY : Board propose a second dividend
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10/21EUROPE : European stocks fall as healthcare, construction sectors drag
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Assa Abloy : Sells Cedes Sensor Business to Capiton AG

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09/07/2020 | 03:54am EDT

By Dominic Chopping

STOCKHOLM--Swedish lock maker Assa Abloy AB said Monday it has agreed to sell its sensor technology business Cedes in Switzerland to Capiton AG.

"Cedes now has the investment and expertise to grow and expand its core business of elevator sensors, allowing us to focus our resources on our core business of automated doors," said Christopher Norbye, head of Assa Abloy's entrance systems division.

Cedes is a sensor technology company in the elevator and door industry. It was established in 1986 and has some 320 employees. Sales in 2019 amounted to about 51 million euros ($60.4 million).

No deal value was disclosed but the transaction will have a neutral effect on Assa Abloy's operating margin, it added.

The sale is expected to close during the fourth quarter of 2020.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 


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All news about ASSA ABLOY AB
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Financials
Sales 2020 88 678 M 10 018 M 10 018 M
Net income 2020 9 523 M 1 076 M 1 076 M
Net Debt 2020 27 852 M 3 146 M 3 146 M
P/E ratio 2020 23,0x
Yield 2020 1,88%
Capitalization 219 B 25 140 M 24 688 M
EV / Sales 2020 2,78x
EV / Sales 2021 2,55x
Nbr of Employees 47 573
Free-Float 91,4%
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Technical analysis trends ASSA ABLOY AB
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 221,05 SEK
Last Close Price 196,75 SEK
Spread / Highest target 37,2%
Spread / Average Target 12,3%
Spread / Lowest Target -9,53%
EPS Revisions
Managers
NameTitle
Nico Delvaux President & Chief Executive Officer
Lars Sture Renström Chairman
Erik Pieder Chief Financial Officer & Executive VP
Carl Fredrik Wilhelm Douglas Vice Chairman
Mats Persson Director
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