Assa Abloy Quarterly Report Q1 2024
Assa Abloy Quarterly Report Q1 2024
STOCKHOLM, April 24, 2024 /PRNewswire/ --
斯德哥爾摩，2024 年 4 月 24 日 /PRNewswire/ —
Strong execution in a challenging market
在充滿挑戰的市場中表現出色
First quarter
第一季度
- Net sales increased by 9% to SEK 35,200 M (32,391), with organic growth of –2% (8) and acquired net growth of 11% (5). Exchange- rates affected sales by 0% (9).
- Organic sales growth was stable in Entrance Systems, but declined in Americas, Asia Pacific, EMEIA and in Global Technologies.
- Three acquisitions with combined annual sales of about SEK 2,000 M were completed in the quarter. The divestment of PACA in France was finalized.
- Operating income1 (EBIT) increased by 5% and amounted to SEK 5,427 M (5,186), with an operating margin of 15.4% (16.0).
- The operating margin1 (EBIT) excluding the acquisition of HHI and divestment of the Emtek/U.S. Smart Residential business was 16.3%.
- Net income1 amounted to SEK 3,462 M (3,692).
- Earnings per share1 amounted to SEK 3.12 (3.32).
- Operating cash flow amounted to SEK 3,096 M (4,069).
- 淨銷售額增長了9％，達到352億瑞典克朗（32,391美元），有機增長了-2％（8），收購淨增長11％（5）。匯率對銷售額的影響爲0％（9）。
- 入口系統的有機銷售增長穩定，但美洲、亞太地區、EMEIA和全球科技的有機銷售增長有所下降。
- 本季度完成了三項收購，總年銷售額約爲20億瑞典克朗。PACA在法國的撤資已經完成。
- 營業收入1 （息稅前利潤）增長了5％，達到54.27億瑞典克朗（5,186美元），營業利潤率爲15.4％（16.0）。
- 營業利潤率1 （息稅前利潤）不包括對HHI的收購和對Emtek/美國智能住宅業務的剝離，爲16.3％。
- 淨收入1 總額爲34.62億瑞典克朗（3,692）。
- 每股收益1 總額爲3.12瑞典克朗（3.32）。
- 運營現金流爲30.96億瑞典克朗（4,069美元）。
Sales and income
銷售額和收入
|
Full year |
First quarter | |||||||
|
2022 |
2023 |
Δ |
2023 |
2024 |
Δ | |||
|
Sales, SEK M |
120,793 |
140,716 |
16 % |
32,391 |
35,200 |
9 % | ||
|
Of which: | ||||||||
|
Organic growth |
13,007 |
3,393 |
3 % |
2,218 |
–762 |
–2% | ||
|
Acquisitions and divestments |
2,126 |
10,651 |
8 % |
1,344 |
3,607 |
11 % | ||
|
Exchange-rate effects |
10,653 |
5,879 |
5 % |
2,237 |
–35 |
0 % | ||
|
Operating income (EBIT)1, SEK M |
18,532 |
22,185 |
20 % |
5,186 |
5,427 |
5 % | ||
|
Operating margin (EBITA)1, % |
15.9 % |
16.5 % |
16.6 % |
16.3 % | ||||
|
Operating margin (EBIT)1, % |
15.3 % |
15.8 % |
16.0 % |
15.4 % | ||||
|
Income before tax1, SEK M |
17,521 |
19,654 |
12 % |
4,843 |
4,616 |
–5% | ||
|
Net income1, SEK M |
13,296 |
15,049 |
13 % |
3,692 |
3,462 |
–6% | ||
|
Operating cash flow, SEK M |
15,808 |
25,232 |
60 % |
4,069 |
3,096 |
–24% | ||
|
Earnings per share1, SEK |
11.97 |
13.54 |
13 % |
3.32 |
3.12 |
–6% | ||
|
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. | ||||||||
|
整整一年 |
第一季度 | |||||||
|
2022 |
2023 |
Δ |
2023 |
2024 |
Δ | |||
|
銷售額，百萬瑞典克朗 |
120,793 |
140,716 |
16% |
32,391 |
35,200 |
9% | ||
|
其中： | ||||||||
|
有機增長 |
13,007 |
3,393 |
3% |
2,218 |
—762 |
— 2% | ||
|
收購和撤資 |
2,126 |
10,651 |
8% |
1,344 |
3,607 |
11% | ||
|
匯率效應 |
10,653 |
5,879 |
5% |
2,237 |
—35 |
0% | ||
|
營業收入 (EBIT)1，SEK M |
18,532 |
22,185 |
20% |
5,186 |
5,427 |
5% | ||
|
營業利潤率（息稅折舊攤銷前利潤）1, % |
15.9% |
16.5% |
16.6% |
16.3% | ||||
|
營業利潤率（息稅前利潤）1, % |
15.3% |
15.8% |
16.0% |
15.4% | ||||
|
稅前收入1，SEK M |
17,521 |
19,654 |
12% |
4,843 |
4,616 |
— 5% | ||
|
淨收入1，SEK M |
13,296 |
15,049 |
13% |
3,692 |
3,462 |
— 6% | ||
|
運營現金流，百萬瑞典克朗 |
15,808 |
25,232 |
60% |
4,069 |
3,096 |
— 24% | ||
|
每股收益1，瑞典克朗 |
11.97 |
13.54 |
13% |
3.32 |
3.12 |
— 6% | ||
|
1 不包括影響可比性的項目。有關2024年財務影響的更多詳情，請參閱報告中的 “影響可比性的項目” 部分。有關影響2023年可比性的項目的信息，請參閱assaabloy.com上發佈的2023年年終報告。 | ||||||||
Comments by the President and CEO
總裁兼首席執行官的評論
Strong execution in a challenging market
The year took off with strong sales growth of 9%, driven by very strong net acquired growth of 11%, which was partly offset by an organic sales decline of –2%. The organic sales were affected by three fewer working days in March, the most important month of the quarter and a continued weak residential market. Entrance Systems' organic sales were stable with very strong growth in Perimeter and strong growth in the Pedestrian segment. Organic sales in Americas and EMEIA declined by –1% and –3% respectively. Asia Pacific's organic sales declined by –3% due to a weak Chinese market and negative intra-group sales growth. Global Technologies' organic sales declined by –9% against a high corresponding figure last year due to the significant reduction of the backlog a year ago.
在充滿挑戰的市場中表現出色
今年一開始，銷售額強勁增長了9％，這得益於11％的強勁淨收購增長，但部分被-2％的有機銷售下降所抵消。3月份是本季度最重要的月份，即3月份的工作日減少了三個工作日，以及住宅市場持續疲軟，對有機銷售產生了影響。入口系統的有機銷售保持穩定，Perimeter的增長非常強勁，行人細分市場的強勁增長。美洲和EMEIA的有機銷售額分別下降了-1％和-3％。由於中國市場疲軟和集團內部銷售負增長，亞太地區的有機銷售額下降了-3％。由於一年前積壓量大幅減少，Global Technologies的有機銷售額較去年同期的高位下降了-9％。
The operating profit excluding items affecting comparability increased by 5% to SEK 5,427 M, and the operating margin was record-high for the quarter at 16.3%, excluding the HHI transaction. Strong operational execution through implementation of more cost actions, continued strong price realization and lower direct material costs contributed to the strong performance. The operating cash flow was seasonally lower at SEK 3,096 M with a cash conversion of 67%.
不包括影響可比性的項目的營業利潤增長了5％，達到54.27億瑞典克朗，不包括HHI交易，本季度的營業利潤率創歷史新高，爲16.3％。通過實施更多成本措施實現強勁的運營執行、持續強勁的價格實現和較低的直接材料成本爲強勁的業績做出了貢獻。運營現金流季節性下降，爲30.96億瑞典克朗，現金轉化率爲67％。
Security is a strong underlying driver for long-term growth
The demand for safe and secure access solutions is constantly increasing as a result of rising security threats, public safety concerns, regulatory requirements and a changing work environment. This also accelerates the demand for electromechanical products and solutions. They offer a high level of security thanks to advanced authentication methods, our unique encryption technologies, the enablement of remote monitoring & control as well as by providing audit trails and access logs. Electromechanical solutions also offer opportunities for efficiency gains and a higher level of convenience and flexibility for our customers. With prevailing penetration rates still low, the shift to more electromechanical solutions continues to be a long-term driver of profitable growth. During the quarter, our electromechanical organic sales growth was 6% in the regional divisions.
安全是長期增長的強大潛在驅動力
由於安全威脅增加、公共安全問題、監管要求和工作環境的變化，對安全可靠訪問解決方案的需求不斷增加。這也加速了對機電產品和解決方案的需求。得益於先進的身份驗證方法、我們獨特的加密技術、遠程監控和控制以及提供審計跟蹤和訪問日誌，它們提供了高水平的安全性。機電解決方案還爲我們的客戶提供了提高效率和更高水平的便利性和靈活性的機會。由於目前的滲透率仍然很低，向更多機電解決方案的轉變仍然是利潤增長的長期驅動力。在本季度，我們在區域分部的機電有機銷售增長了6％。
We acquired three companies in the first quarter, representing annualized sales of SEK 2 billion. The integration of HHI continues to proceed according to plan and we are gradually realizing more synergies. Given a robust target pipeline and a solid financial position with a strong balance sheet and cash flow, we are well positioned to continue our successful journey of acquiring companies.
我們在第一季度收購了三家公司，年銷售額爲20億瑞典克朗。HHI的整合繼續按計劃進行，我們正在逐步實現更多的協同效應。鑑於穩健的目標渠道和穩健的財務狀況以及強勁的資產負債表和現金流，我們完全有能力繼續成功收購公司。
We are committed to delivering value to our customers and shareholders and are confident that we will be able to adapt to and perform in any market condition.
我們致力於爲客戶和股東創造價值，並相信我們將能夠適應任何市場條件並在任何市場條件下表現出色。
Thank you for your continued support and trust in ASSA ABLOY.
感謝您一直以來對ASSA ABLOY的支持和信任。
Stockholm, April 24, 2024
斯德哥爾摩，2024 年 4 月 24 日
Nico Delvaux
President and CEO
Nico Delvaux
總裁兼首席執行官
Further information can be obtained from:
Nico Delvaux,
President and CEO, tel. no: +46 8 506 485 82
更多信息可從以下網址獲得：
Nico Delvaux，
總裁兼首席執行官，電話號碼：+46 8 506 485 82
Erik Pieder,
Executive Vice President and CFO, tel.no: +46 8 506 485 72
埃裏克·皮爾德，
執行副總裁兼首席財務官，電話：+46 8 506 485 72
Björn Tibell,
Head of Investor Relations, tel. no: +46 70 275 67 68,
e-mail: [email protected]
ASSA ABLOY is holding a telephone and web conference at 09.30 on April 24, 2024 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 CEST on April 24, 2024.
比約恩·蒂貝爾，
投資者關係主管，電話號碼：+46 70 275 67 68，
電子郵件：[電子郵件保護]
ASSA ABLOY 正在舉辦 2024 年 4 月 24 日 09:30 舉行的電話和網絡會議 可以通過 assaabloy.com/investors 在線關注。
可以通過以下電話提交問題：08—505 100 31、+44 207 107 0613 或 +1 631 570 5613
根據《歐盟市場濫用條例》，ASSA ABLOY AB有義務公開這些信息。該信息已於2024年4月24日歐洲中部夏令時間上午8點通過上述聯繫人機構提交公佈。
This information was brought to you by Cision
這些信息是由 Cision 帶給你的
The following files are available for download:
以下文件可供下載：
|
The full report (PDF) | |
|
ASSA ABLOY logo door |
|
完整報告 (PDF) | |
|
ASSA ABLOY 徽標門 |
SOURCE ASSA ABLOY
來源 ASSA ABLOY
譯文內容由第三人軟體翻譯。