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ASSA ABLOY: Quarterly Report Q4 2024

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STOCKHOLM, Feb. 5, 2025 /PRNewswire/ —

Margin target reached for year 2024

Fourth quarter

Net sales increased by 7% to SEK 39,575 M (36,970), with organic growth of 0% (0) and acquired net growth of 6% (11). Exchange rates affected sales by 1% (1).Organic sales growth was strong in Global Technologies, good in Americas, stable in EMEIA, while organic sales declined in Entrance Systems and declined significantly in Asia Pacific.Eight acquisitions with combined annual sales of more than SEK 1 bn were completed in the quarter.Operating income1 (EBITA) increased by 15% to a record SEK 6,898 M (6,008) with an operating margin of 17.4% (16.2).Operating income1 (EBIT) increased by 14% and amounted to a record of SEK 6,529 M (5,722), with an operating margin of 16.5% (15.5).Net income1 amounted to a record SEK 4,214 M (3,969).Earnings per share1 amounted to SEK 3.81 (3.56).Record operating cash flow of SEK 8,010 M (7,315).The Board of Directors proposes a dividend of SEK 5.90 (5.40) per share for 2024, to be distributed in two equal installments.

Sales and income

Fourth quarter

January-December

2023

2024

Δ

2023

2024

Δ

Sales, SEK M

36,970

39,575

7 %

140,716

150,162

7 %

Of which:

Organic growth

133

–112

0 %

3,393

–1,132

–1%

Acquisitions and divestments

3,572

2,215

6 %

10,651

11,326

8 %

Exchange rate effects

349

502

1 %

5,879

–748

0 %

Operating income (EBIT)1, SEK M

5,722

6,529

14 %

22,185

24,296

10 %

Operating margin (EBITA)1, %

16.2 %

17.4 %

16.5 %

17.1 %

Operating margin (EBIT)1, %

15.5 %

16.5 %

15.8 %

16.2 %

Income before tax1, SEK M

4,879

5,684

16 %

19,654

20,914

6 %

Net income1, SEK M

3,969

4,214

6 %

15,049

15,636

4 %

Operating cash flow, SEK M

7,315

8,010

10 %

25,232

23,052

–9%

Earnings per share1, SEK

3.56

3.81

7 %

13.54

14.09

4 %

1 Excluding items affecting comparability. Please see the section “Items affecting comparability” in the report for further details about the financial effects in 2024. For information about items affecting comparability in 2023, please see the Year-end report 2023, available at assaabloy.com.

Comments by the President and CEO

Margin target reached for year 2024

As we close 2024, I am proud to share that ASSA ABLOY showed resilience and agility in a mixed market environment, concluding the year with solid performance. For the full year, sales grew by 7%, reflecting strong contribution from acquisitions of 8%, and a small organic sales decline of 1%. Our operating margin expanded to 16.2%, within the target range of 16-17%.

In the fourth quarter of 2024, organic sales were stable, with net positive contribution from acquisitions of 6% and currency effects of 1%. Global Technologies delivered strong organic growth of 5% with strong performance in most business areas and with Physical Access Control having comparable figures at normalized levels for the full quarter. Americas delivered good organic growth of 2%, with strong growth in the North America Non-Residential segment and in Latin America. Organic sales were stable in EMEIA with commercial segments compensating for continued weak residential demand. Similarly, weak residential markets and weak demand for loading docks resulted in an organic sales decline of 2% in Entrance Systems. Asia Pacific’s organic sales declined significantly by 11%, mainly due to very weak demand in China.

The operating profit for the quarter increased by 14% to a record SEK 6,529 M with a corresponding margin of 16.5% (15.5). The operating leverage was very strong at 120 bps, driven by continued price/cost tailwind and strong operational execution, overcompensating for dilution from acquisitions. The operating cash flow increased by 10% in the quarter to a record SEK 8,010 M with a cash conversion of 141% (150).

Focus on accelerating our sales growth

Accelerating organic growth remains a key priority going forward. An important part of our strategy is upgrading the installed base with innovative digital and electromechanical products and solutions. We invest 4% of annual sales in R&D which allows us to strengthen our offering and drive the transition forward. Electromechanical products and solutions are the most important growth driver in our portfolio, with currency adjusted growth of 8% in 2024 and an annual growth rate of 9% in the last ten years in our regional divisions. Through upgrades we can support customers with enhanced security and convenience, but also grow recurring revenue streams. Recurring revenue continues to be a key driver for growth with subscription-based models, service agreements, and digital solutions like remote monitoring and mobile access. In 2024, sales of our subscription-based solutions grew by 18%. Our decentralized organization and region-specific product development provide further opportunities in the emerging markets, that only represent 13% of our sales. In 2024, our currency adjusted sales in emerging markets excluding China grew by 10%.

A record 26 acquisitions were completed in 2024, adding annualized sales close to SEK 8 bn. In the fourth quarter, we completed eight acquisitions. Acquisitions remain a key driver for growth and the pipeline remains strong.

By leveraging our market-leading products and solutions with our local knowledge and global presence, we are confident in our ability to drive continued value for our customers, employees and shareholders. Finally, I would like to thank my colleagues for their outstanding contributions during the year and all our stakeholders for your trust.

Stockholm, February 5, 2025

Nico Delvaux
President and CEO

Further information can be obtained from:
Nico Delvaux,
President and CEO, tel. no: +46 8 506 485 82

Erik Pieder,
Executive Vice President and CFO, tel.no: +46 8 506 485 72

Björn Tibell,
Head of Investor Relations, tel. no: +46 70 275 67 68
e-mail: bjorn.tibell@assaabloy.com

ASSA ABLOY is holding a telephone and web conference at 09.00 on February 5, 2025 which can be followed online at assaabloy.com/investors.

It is possible to submit questions by telephone on: 08–505 100 31, +44 207 107 0613 or +1 631 570 5613

This information is information that ASSA ABLOY AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CET on February 5, 2025.

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/assa-abloy/r/quarterly-report-q4-2024,c4100644

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View original content:https://www.prnewswire.co.uk/news-releases/assa-abloy-quarterly-report-q4-2024-302368587.html

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Linker Vision Announces ESG Agent to Help Cities Plan More Sustainable Urban Environments

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BERLIN, Oct. 19, 2026 /PRNewswire/ — Linker Vision announced a new ESG AI agent designed to help urban planners evaluate sustainability initiatives and make more informed decisions. By combining environmental predictions with AI reasoning, the agent assesses urban heat and shade coverage to guide tree planting and greenery management, supporting cities’ climate adaptation goals. 

Turning sustainability goals into practical decisions

Linker Vision is working with MVRDV, the Dutch architecture and urban design firm, to explore how AI can help cities assess potential interventions before making changes in the real world. MVRDV contributed scientific data, shaped the evaluation criteria the agent uses to assess planning options, and tested the ESG agent during development.

An initial application focuses on urban forests. Linker Vision is collaborating with MVRDV on a digital twin that supports predictions of urban heat island effects and shade coverage. In the pilot, the agent identifies heat hotspots, selects suitable tree species and simulates the results, projecting that shade coverage could rise from 15.7% to more than 50% within 15 years.

Building on this pilot, the approach allows a shared digital twin to support multiple planning needs, including climate adaptation and disaster resilience. Urban forest planning is available today, and going forward, the city digital twin is designed to serve as a common foundation that government agencies can build on for additional applications, such as analyzing pedestrian flows and preparing venues for major sporting events.

How it works

The workflow combines a digital twin built using 3D Gaussian Splatting with NVIDIA accelerated computing and AI technologies. NVIDIA Omniverse libraries and OpenUSD have been implemented to unify city, tree and environmental data into a single scene, while NVIDIA Nemotron reasoning models let users run planting scenarios and optimize shade through natural language. NVIDIA Metropolis Blueprint for video search and summarization (VSS) and Cosmos open world foundation model help interpret video and understand real-world conditions.

In practice, a planner asks the agent where new trees would best reduce street-level heat. The agent tests planting options and simulates shade and temperature over a 15-year timespan in minutes, and planners review the recommended plan before an urban heat hotspot project moves forward.

Designing for future generations

“Every decision about a city shapes how future generations will live,” said Paul Shieh, founder and CEO of Linker Vision. “By connecting real-world understanding with simulation and AI reasoning, we want to help cities explore what is possible and make better choices for people and the planet.”

View original content:https://www.prnewswire.co.uk/news-releases/linker-vision-announces-esg-agent-to-help-cities-plan-more-sustainable-urban-environments-302911111.html

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Global Startup EXPO and Nippon Startup Awards 2026: METI Showcases Japan’s Deep-tech Results

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– GSE2026 Connects Global Venture Capitalists with Japanese Startups; Nippon Startup Awards 2026 Honors Startups Turning Innovation into Industry –

TOKYO, Oct. 19, 2026 /PRNewswire/ — From September to October 2026, the Ministry of Economy, Trade and Industry (hereinafter “METI”) held the Global Startup EXPO 2026 (hereinafter “GSE2026”) and the Nippon Startup Awards 2026, highlighting the strength and growth of Japan’s startup ecosystem. GSE2026 brought together top-tier investors, visionary startups, corporations, and key ecosystem participants from Japan and around the globe. Separately, the Nippon Startup Awards 2026 recognized remarkable innovations demonstrating Japan’s growing capacity to transform breakthrough deep-tech into real-world industrial solutions.

Expo and Awards Logos:
https://cdn.kyodonewsprwire.jp/prwfile/release/M109206/202610137787/_prw_PI1fl_JPI1sgRq.png 

Global Startup EXPO 2026 Recap

In Session: https://cdn.kyodonewsprwire.jp/prwfile/release/M109206/202610137787/_prw_PI2fl_AyG90Gzn.png 

Held in Osaka from October 5 to 7, GSE2026 welcomed more than 10,000 visitors and featured over 50 conference sessions. The event served as a premier global hub, generating vital business matchmaking sessions and creating unparalleled opportunities for global investors and Japanese startups to explore strategic investments and collaborations. A major highlight of the event was the participation of prominent industry figures, including Ben Horowitz, co-founder of Andreessen Horowitz (a16z), and Andy Rubin, co-founder of Android. Their presence underscored the increasing global interest in Japan’s dynamic tech ecosystem. Building upon this remarkable success, METI is pleased to announce that the Global Startup EXPO is planned to be held again next year.

Nippon Startup Awards 2026 Overview

Group Photo: https://cdn.kyodonewsprwire.jp/prwfile/release/M109206/202610137787/_prw_PI3fl_MNvb1svB.jpg 

In a separate initiative, the 2026 Nippon Startup Awards celebrated exceptional entrepreneurial achievements, recognizing 10 outstanding companies for their innovation and impact. This press release proudly highlights two exceptional winners whose pioneering technologies are actively addressing major industrial and societal challenges both in Japan and internationally.

– Mujin (Prime Minister’s Award): Mujin was recognized for becoming the first company to globally commercialize complex motion-planning technology, an ambitious feat considered practically impossible for 50 years. By successfully developing its proprietary MujinMI technology, the company enables the automation of complex logistics and manufacturing operations. This advancement offers a highly effective solution to pressing global labor shortages.

– Regional Fish (Minister of Economy, Trade and Industry Award): Regional Fish was recognized for its pioneering use of genome-editing technology in aquaculture. Through its innovative approach, the company has shortened aquatic breeding cycles from approximately 30 years to just two or three years. This advancement contributes significantly to sustainable solutions for global food challenges and the revitalization of regional fisheries.

Further Information

To explore comprehensive insights from the recent global summit, please access the following link:
https://global-startup-expo.com/en/?utm_source=prwire&utm_medium=referral&utm_campaign=20260914&utm_content=en_url_

For the full list of recognized companies, please visit: https://www.meti.go.jp/english/press/2026/09/20260925002.html 

View original content:https://www.prnewswire.com/news-releases/global-startup-expo-and-nippon-startup-awards-2026-meti-showcases-japans-deep-tech-results-302912264.html

SOURCE Ministry of Economy, Trade and Industry (METI)

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PingPong continues international growth, expands into Iberia through strategic partnership with Getnet

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LONDON and MADRID, Oct. 19, 2026 /PRNewswire/ — PingPong , the intelligent payments infrastructure for global growth, today announces a strategic partnership with Getnet, the leading AI-payments company, part of Santander Group, to expand access to its financial infrastructure across Iberia.

The collaboration brings together two established payments businesses to deliver a stronger payment capability in the region and a simple, streamlined solution for global businesses looking to expand operations in Iberia.

Aaron Xu, General Manager, Europe and Americas at PingPong , said: “Iberia is one of Europe’s most valuable commerce markets, and the 750,000+ businesses in our network want to operate there on payment infrastructure they already trust. Our move into Iberia is the latest step in an ongoing global expansion, driven by rising customer demand and sustained investment in our international growth.”

Fabrice Mendez, Global Head of Partnerships at Getnet , said: “This partnership represents another important milestone in Getnet’s strategy to expand our open-market business across Europe while strengthening the connections between Iberia and one of the world’s fastest-growing commerce ecosystems. By combining PingPong’s strong presence across Asia with Getnet’s leadership in Europe and Latin America, we are creating new opportunities for international merchants to grow with a seamless and trusted payment experience.”

About PingPong

Founded in 2015, PingPong is a global cross-border B2B payments platform supporting over 750,000 businesses across more than 200 countries. The company annually processes over $300bn and holds 80+ financial licences worldwide. PingPong operates from 44 offices across 18 countries.

For more information, visit www.pingpongx.com.

About Santander Getnet

In 2025, Getnet processed over €238 billion across 10.5 billion transactions, serving 1.2 million clients. The company ranks as the largest acquirer in Latin America by purchase volume, and among the top 10 globally. Getnet operates across Brazil (as an e-commerce leader), Mexico, Chile, Argentina, Uruguay, Spain, and Portugal.

View original content:https://www.prnewswire.co.uk/news-releases/pingpong-continues-international-growth-expands-into-iberia-through-strategic-partnership-with-getnet-302911506.html

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