Assa Abloy AB (OSTO:ASSA B)
kr 313.3 0 (0%) Market Cap: 348.01 Bil Enterprise Value: 415.01 Bil PE Ratio: 24.21 PB Ratio: 3.48 GF Score: 88/100

Q4 2019 Assa Abloy AB Earnings Call Transcript

Feb 06, 2020 / 08:30AM GMT
Release Date Price: kr225.4 (-3.88%)
BjÃ;rn Tibell;publ;Head of IR
ASSA ABLOY AB

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Good morning, everyone. And welcome to the presentation of ASSAABLOY's Year-End Report 2019. My name is Björn Tibell, and joining me here is our CEO, Nico Delvaux; and our CFO, Erik Pieder. We have set aside about 1 hour for this call. And we will, as usual, start now with a presentation of the report before we open up for your questions. So with that, I would like to hand over to you, Niko.

Nico Delvaux;publ;President
ASSA ABLOY AB;CEO & Head of Global Technologies Division

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Thanks, Bjorn, and also good morning from my side. Q4 report for ASSA ABLOY, a quarter with a lower organic growth of 1% with a strong growth in the Americas, but a negative growth in APAC, a lower organic growth complemented with good growth through acquisitions of 3%. A stable EBIT margin, with strong EBIT growth of 8% and a record cash flow of SEK 5.2 billion. And we also booked now the cost for -- the remaining cost of our MFP 7 program.

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