- Very strong sales growth in Americas, Entrance Systems and Global Technologies
- Strong sales growth in EMEIA
- Sales decline in APAC
Very strong EBIT improvement
- Despite higher material and logistic costs, labor and component shortages
Three acquisitions signed
Lower operating cash flow due to strong growth and build-up of working capital
Q1 2022 figures in summary
Sales by region Jan-Mar 2022
ASSA ABLOY 100 14 14
Emerging markets 13 9 8
Emerging markets follows IMF's definition as per 2018-12-31
Market highlights
Project wins
- Major critical infrastructure project for US water utility company in 24 states, including 8,000 locking points with recurring revenues
- HID to deliver E-Passport services to a large African country
- Launch of employee and tenant badges in Apple Wallet for 7 World Trade Center in New York
- Significant wins in the healthcare segment:
Key management systems for a large hospital network in Hong Kong
Fire rated security door solutions for an Australian hospital
Partnerships and awards
- Yale secure three new partnerships for its Smart Locks with Smart Reorders enabled by Alexa, Homey and Zipato
-
ASSA ABLOY named Best Mobile Key Provider by HotelTechAwards for the third consecutive year
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Assa Abloy AB published this content on 27 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2022 07:04:02 UTC.
Assa Abloy AB is the world's leading manufacturer of locking systems. Net sales break down by family of products as follows:
- security doors and systems (47.1%): shielded and automatic doors, magnetic card locking systems (for use by hotels) and security systems for parking meters, slot machines), etc.;
- electronic and electromechanical locking systems (30%): access codes, electronic locks, etc.;
- mechanical locking systems (22.9%): locks, padlocks, bolts, etc.
Net sales are distributed geographically as follows: Europe (32.4%), North America (51.7%), Asia (7.4%), Oceania (4%), Americas (3.3%) and Africa (1.2%).