Assa Abloy : Q1 Presentation 2021.pdf

ASSA ABLOY

Q1 interim report 2021

Back to good organic

growth

• Good organic sales development
• • Significant sales growth in APAC
  • Very strong sales growth in Entrance Systems
  • Strong sales growth in EMEIA
  • Stable sales in Americas
  • Sales declined in Global Technologies
• Strong improvement of EBIT-margin
• • Very strong volume leverage in all divisions
• Very strong cash flow, up 118% vs last year

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Q1 2021 figures in summary

 Sales MSEK 21,805

-2%

• • +4% organic
  • +4% acquired and divested
  • - 10% currency
• EBITA-margin15.3% (13.0%)
• EBIT-margin14.6% (12.4%)

 EBIT MSEK 3,187	+16%
 EPS SEK 2.03	+21%

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1. 000

1. 000

1. 000

1. 000

1. 000

1. 000

Sales	EBIT
-2%	+16%

3 187

2 751

Q1 20		Q1 21
	Sales, MSEK		EBIT, MSEK

1. 500

1. 000

1. 500

1. 000

1. 500

1. 000

1. 500

Sales by region
ASSA ABLOY	100	8	4
Jan-Mar 2021	Emerging markets	13	15	10

41 12 4

43 3 2

8 22 16

		1	4	2
3	26	21

4 6 -2

Share of sales, %	Change in local currencies	Organic change
QTD 2021 vs. QTD 2020, %	QTD 2021 vs. QTD 2020, %

Emerging markets comprise follows IMF's definition as per 2018-12-31

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Market highlights

• Project wins
• • Several larger distribution centers in Europé and North America
  • Locks and architectural hardware for metro station in China
  • Major electricity vertical contracts in Middle East for critical infrastructure
• Product launches
• • Facial recognition solution for construction sites
  • New "design for customization" product range in Emtek
  • Single-applicationcredential - HID Seos Essential
• Awards
• • Red dot award for SW 60 interior door operator
  • Leader in 2021 Gartner Magic quadrant for HID indoor location services

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