Core Insights - ASSA ABLOY reported record results for 2025, with sales reaching SEK 152,409 million and adjusted operating income of SEK 24,664 million, reflecting strong operational execution despite a challenging market environment [3][4]. Sales and Income - In Q4 2025, total sales were SEK 38,307 million, a decrease of 3% compared to the previous year, primarily due to negative currency effects of -10% [2][5]. - Organic growth for Q4 was 4%, with acquired net growth of 3% [4][5]. - The operating income (EBIT) for Q4 was SEK 6,448 million, down 1% from SEK 6,529 million, with an operating margin of 16.8% [4][6]. - Net income for Q4 was SEK 4,281 million, a slight increase from SEK 4,214 million [4][6]. - Earnings per share for Q4 were SEK 3.85, up from SEK 3.81 [4][6]. Acquisitions and Growth Strategy - The company completed seven acquisitions in Q4, with combined annual sales of approximately SEK 1,200 million [4][6]. - ASSA ABLOY has maintained an active acquisition strategy, completing a record 26 acquisitions in 2024 and 23 acquisitions in 2025, enhancing its global footprint and product offerings [6][7]. Profitability and Financial Performance - The adjusted EBIT margin improved from 15.3% to 16.2% since 2023, indicating strong underlying improvements in profitability [7]. - The operating cash flow for Q4 was SEK 7,815 million, with a conversion rate of 137% [6][7]. Future Outlook - The company remains confident in navigating varying market conditions, focusing on innovation, operational excellence, and strategic acquisitions to drive long-term growth [8].

Core Insights - International Door Products ("IDP"), a U.S. manufacturer of fire-rated steel door frames, has been acquired by ASSA ABLOY, with Angle Advisors serving as the exclusive investment banking advisor for the transaction [1][2]. Company Overview - IDP specializes in designing and manufacturing high-quality standardized and custom fire-rated steel door frames, along with related products such as sills, thresholds, and pre-hung door solutions for various applications including multi-family, hospitality, commercial, and healthcare [2]. - The company operates from three facilities in Metro Detroit, utilizing vertically integrated capabilities such as punching, forming, welding, and powder coating to ensure speed, quality, and durability [2]. Strategic Implications - The acquisition aligns with ASSA ABLOY's strategy to enhance its position in mature markets by adding complementary products and solutions to its core business [4]. - ASSA ABLOY aims to broaden its range of solutions for customers, leveraging IDP's premium product portfolio and rapid lead times to meet the evolving needs of construction markets [5]. Leadership Perspectives - Isaac Benezra, Founder and former CEO of IDP, expressed excitement about the partnership with ASSA ABLOY, highlighting the hard work that has gone into building IDP and the potential for future growth [3]. - Nico Delvaux, President and CEO of ASSA ABLOY, welcomed IDP into the company, emphasizing the strategic benefits of the acquisition [4].

Capital Markets Day Milwaukee, US 19 November 2025 ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. Our strategy Build sustainable shareholder value Providing added value to our customers, partners and end-users Being a world leading organization where people can succeed Conducting business in an ethical, compliant and sustainable way Consolidate footprint and focus on value added Optimize logistics Reduce product cost Growth a ...