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Assa Abloy (ASAZY)
OTHER OTC:ASAZY
Earnings Data
Report Date
Apr 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.19Last Year’s EPS
0.17Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveys a constructive and resilient operational performance: strong organic growth in Q4, record margins, exceptional cash conversion, active M&A execution and robust divisional performances (notably Global Tech and Americas). These positives were materially offset in reported results by significant FX headwinds, notable weakness in Greater China/APAC and some acquisition dilution (notably Level Lock). Management highlighted actions (pricing, cost savings, pipeline) to mitigate headwinds, but flagged near-term seasonality, FX and commodity uncertainty which may pressure Q1. On balance, the company reported strong execution and structural improvements while facing tangible short-term macro and transactional challenges.Company Guidance
Record quarterly margins and operating leverage
Q4 record margins: EBIT margin 16.8% (up ~30 bps year-over-year) and EBITA margin 17.9%; strong operating leverage across the group (quarter-level operating leverage ~80 bps; Americas 120 bps; Global Tech significant leverage). EBIT in Q4 was SEK 6.5 billion.
Very strong cash generation and balance sheet metrics
Exceptional cash conversion of 137% in Q4 and 106% for the full year; continued improvement in gearing (net debt/EBITDA ~2.1x, net debt/equity ~63%). Board proposes dividend SEK 6.4 per share. Continued capacity to pursue acquisitions.
Organic growth complemented by acquisitions
Q4 organic sales growth of 4% and net acquisition growth of 3% (sales "north of SEK 38 billion" in the quarter); full year: 3% organic, 5% acquired net growth, but FX hit (-7%) reduced reported growth to +1% for the year. Company completed 7 acquisitions in Q4 and 23 over the full year representing ~SEK 6 billion annualized sales.
Strong divisional performance (Global Tech & Americas)
Global Tech: organic growth +9% in Q4 with an EBIT margin of 18.9%. Americas: organic +5% with EBIT margin 17.9% and excellent operating leverage. Regional wins: Latam +12%, Australia & New Zealand +8%, North America +4%, EMEIA organic +4%.
Electromechanical shift and recurring software momentum
Continued shift from mechanical to electromechanical with electromechanical organic sales growth of 8% in regional divisions. Recurring Software-as-a-Service revenue increased materially (from ~2% of sales in 2018 to close to ~6% today), driving higher-margin, recurring revenue streams.
Operational efficiency and cost actions
MFP savings of ~SEK 180 million in the quarter; flow-through about 40% in Q4 delivering ~80 bps EBIT accretion. Conversion costs improved (~30 bps better versus prior year for the quarter).
Active and sizable M&A pipeline with targeted strategic deals
23 acquisitions in the year (seven in Q4); highlighted strategic buys include Sargent & Greenleaf (SEK 430m sales) and International Door Products (SEK 220m sales). Company states a pipeline of potential targets (~900 identified) and reiterates ambition of ~5% acquisition growth over a cycle.
ASAZY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ASAZY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $21.13 | $21.48 | +1.64% |
Oct 21, 2025 | $18.14 | $19.14 | +5.47% |
Jul 17, 2025 | $15.39 | $16.28 | +5.81% |
Apr 23, 2025 | $14.31 | $14.55 | +1.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Assa Abloy (ASAZY) report earnings?
Assa Abloy (ASAZY) is schdueled to report earning on Apr 28, 2026, Before Open (Confirmed).
What is Assa Abloy (ASAZY) earnings time?
Assa Abloy (ASAZY) earnings time is at Apr 28, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASAZY EPS forecast?
ASAZY EPS forecast for the fiscal quarter 2026 (Q1) is 0.19.