Assa

ASSA ABLOY Announces Preliminary Result for the First Quarter 2020

Retrieved on: 
Tuesday, April 7, 2020
Assa Abloy, Wärtsilä, Assa, Economy of Sweden, Assa, Yachting, Boating

STOCKHOLM, April 7, 2020 /PRNewswire/ -- To provide increased certainty about the financial development following the outbreak of Covid-19, ASSA ABLOY today announces its preliminary result for the first quarter 2020.

Key Points: 
  • STOCKHOLM, April 7, 2020 /PRNewswire/ -- To provide increased certainty about the financial development following the outbreak of Covid-19, ASSA ABLOY today announces its preliminary result for the first quarter 2020.
  • ASSA ABLOY Group's sales increased in the first quarter by 3% to SEK 22,173 M (21,505).
  • ASSA ABLOY's financial position continues to be strong with operating cash flow of SEK 1.2 bn (1.2), in the first quarter.
  • Until 29 April when the 1st interim report will be published, ASSA ABLOY will not provide any further comments in relation to the preliminary results following this teleconference.

ASSA ABLOY Announces Preliminary Result for the First Quarter 2020

Retrieved on: 
Tuesday, April 7, 2020
Assa Abloy, Wärtsilä, Assa, Economy of Sweden, Assa, Yachting, Boating

STOCKHOLM, April 7, 2020 /PRNewswire/ -- To provide increased certainty about the financial development following the outbreak of Covid-19, ASSA ABLOY today announces its preliminary result for the first quarter 2020.

Key Points: 
  • STOCKHOLM, April 7, 2020 /PRNewswire/ -- To provide increased certainty about the financial development following the outbreak of Covid-19, ASSA ABLOY today announces its preliminary result for the first quarter 2020.
  • ASSA ABLOY Group's sales increased in the first quarter by 3% to SEK 22,173 M (21,505).
  • ASSA ABLOY's financial position continues to be strong with operating cash flow of SEK 1.2 bn (1.2), in the first quarter.
  • Until 29 April when the 1st interim report will be published, ASSA ABLOY will not provide any further comments in relation to the preliminary results following this teleconference.

Annual General Meeting in ASSA ABLOY AB

Retrieved on: 
Monday, March 30, 2020
Economy of Sweden, Assa Abloy, Wärtsilä, Meetings, Companies, Investment AB Latour, Swedbank, Assa, Annual general meeting, Assa

The Nomination Committee, appointed in accordance with the instructions for the Nomination Committee adopted by the Annual General Meeting 2018 and consisting of Chairman Carl Douglas (Investment AB Latour), Mikael Ekdahl (Melker Schrling AB), Shireesh Vasupalli (GIC Pte Ltd), Marianne Nilsson (Swedbank Robur fonder) and Liselott Ledin (Alecta) proposes that Lars Renstrm is elected Chairman of the Annual General Meeting.

Key Points: 
  • The Nomination Committee, appointed in accordance with the instructions for the Nomination Committee adopted by the Annual General Meeting 2018 and consisting of Chairman Carl Douglas (Investment AB Latour), Mikael Ekdahl (Melker Schrling AB), Shireesh Vasupalli (GIC Pte Ltd), Marianne Nilsson (Swedbank Robur fonder) and Liselott Ledin (Alecta) proposes that Lars Renstrm is elected Chairman of the Annual General Meeting.
  • In case Lars Renstrm is not able to attend the Annual General Meeting in person, the Nomination Committee proposes that lawyer Patrik Marcelius is elected Chairman of the Annual General Meeting.
  • Subject to resolution by the Annual General Meeting in accordance with the proposal, the dividend is expected to be distributed by Euroclear Sweden AB on Thursday 7 May 2020.
  • ASSA ABLOY AB is holding at the time of the notice to the Annual General Meeting, 1,800,000 own Series B shares, corresponding to 1,800,000 votes that may not be represented at the Annual General Meeting.

Annual General Meeting in ASSA ABLOY AB

Retrieved on: 
Monday, March 30, 2020
Economy of Sweden, Assa Abloy, Wärtsilä, Meetings, Companies, Investment AB Latour, Swedbank, Assa, Annual general meeting, Assa

The Nomination Committee, appointed in accordance with the instructions for the Nomination Committee adopted by the Annual General Meeting 2018 and consisting of Chairman Carl Douglas (Investment AB Latour), Mikael Ekdahl (Melker Schrling AB), Shireesh Vasupalli (GIC Pte Ltd), Marianne Nilsson (Swedbank Robur fonder) and Liselott Ledin (Alecta) proposes that Lars Renstrm is elected Chairman of the Annual General Meeting.

Key Points: 
  • The Nomination Committee, appointed in accordance with the instructions for the Nomination Committee adopted by the Annual General Meeting 2018 and consisting of Chairman Carl Douglas (Investment AB Latour), Mikael Ekdahl (Melker Schrling AB), Shireesh Vasupalli (GIC Pte Ltd), Marianne Nilsson (Swedbank Robur fonder) and Liselott Ledin (Alecta) proposes that Lars Renstrm is elected Chairman of the Annual General Meeting.
  • In case Lars Renstrm is not able to attend the Annual General Meeting in person, the Nomination Committee proposes that lawyer Patrik Marcelius is elected Chairman of the Annual General Meeting.
  • Subject to resolution by the Annual General Meeting in accordance with the proposal, the dividend is expected to be distributed by Euroclear Sweden AB on Thursday 7 May 2020.
  • ASSA ABLOY AB is holding at the time of the notice to the Annual General Meeting, 1,800,000 own Series B shares, corresponding to 1,800,000 votes that may not be represented at the Annual General Meeting.

AM Best Affirms Credit Ratings of ASSA Compañía de Seguros S.A.

Retrieved on: 
Friday, March 20, 2020
Insurance, Professional services, Credit rating agencies, Economy, Assa, AM Best, Credit rating

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of ASSA Compaa de Seguros S.A. (ASSA) (Panama City, Panama).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a of ASSA Compaa de Seguros S.A. (ASSA) (Panama City, Panama).
  • ASSA is a subsidiary of ASSA Compaa Tenedora S.A. (ASSA Tenedora) and is owned ultimately by Grupo ASSA, S.A. (Grupo ASSA), a financial services holding company publicly traded on the Panama Stock Exchange.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

ASSA ABLOY's Annual Report has Been Published

Retrieved on: 
Monday, March 16, 2020
Assa Abloy, Wärtsilä, Assa, Assa, Yachting, Economy of Sweden, Safe, Economy, HID Global

STOCKHOLM, March 16, 2020 /PRNewswire/ -- ASSA ABLOY, the global leader in access solutions, has today published its Annual Report 2019 and its Sustainability Report 2019.

Key Points: 
  • STOCKHOLM, March 16, 2020 /PRNewswire/ -- ASSA ABLOY, the global leader in access solutions, has today published its Annual Report 2019 and its Sustainability Report 2019.
  • This information is information that ASSA ABLOY AB is obliged to make public pursuant to the Securities Markets Act.
  • The ASSA ABLOY Group is the global leader in access solutions.
  • ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places.

ASSA ABLOY's Annual Report has Been Published

Retrieved on: 
Monday, March 16, 2020
Assa Abloy, Wärtsilä, Assa, Assa, Yachting, Economy of Sweden, Safe, Economy, HID Global

STOCKHOLM, March 16, 2020 /PRNewswire/ -- ASSA ABLOY, the global leader in access solutions, has today published its Annual Report 2019 and its Sustainability Report 2019.

Key Points: 
  • STOCKHOLM, March 16, 2020 /PRNewswire/ -- ASSA ABLOY, the global leader in access solutions, has today published its Annual Report 2019 and its Sustainability Report 2019.
  • This information is information that ASSA ABLOY AB is obliged to make public pursuant to the Securities Markets Act.
  • The ASSA ABLOY Group is the global leader in access solutions.
  • ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places.

ASSA ABLOY Brands Ceco Door and Curries Launch UltraLight Weight Bullet Resistant Door and Frame System

Retrieved on: 
Wednesday, March 11, 2020
Assa Abloy, Wärtsilä, Assa, Yachting, Assa, Economy of Sweden, Boating

NEW HAVEN, Conn., March 11, 2020 /PRNewswire/ -- Steel door and frame brands Ceco Door and Curries have developed an ultra-light weight bullet resistant door tested and certified to meet National Institute of Justice (NIJ) and UL-752 performance criteria.

Key Points: 
  • NEW HAVEN, Conn., March 11, 2020 /PRNewswire/ -- Steel door and frame brands Ceco Door and Curries have developed an ultra-light weight bullet resistant door tested and certified to meet National Institute of Justice (NIJ) and UL-752 performance criteria.
  • The UltraLight UL8 Bullet Resistant door and frame system is less than half the weight of a traditional bullet resistant door and has excellent multi-hit and non-ricochet characteristics.
  • "The weight of traditional bullet resistant doors is a major reason why they aren't used in more applications," said Howard Schrier, general manager, specialty and integrated solutions, ASSA ABLOY.
  • ASSA ABLOY partnered with Amulet Protective Technologies, Inc. to provide the ballistic core technology for the door and frame system.

ASSA ABLOY Introduces the RITE Slide Integrated Sliding Door Solution

Retrieved on: 
Wednesday, March 11, 2020
Doors, Assa Abloy, Sliding door, Assa, Car door, Assa, Automatic door, Components, Visual arts, Structure

NEW HAVEN, Conn., March 11, 2020 /PRNewswire/ -- Today, ASSA ABLOY publicly launched the RITE Slide, an integrated opening assembly where all individual door components are included to create a complete door system.

Key Points: 
  • NEW HAVEN, Conn., March 11, 2020 /PRNewswire/ -- Today, ASSA ABLOY publicly launched the RITE Slide, an integrated opening assembly where all individual door components are included to create a complete door system.
  • "Drawing on years of experience and expertise in building acoustically rated door systems, RITE Slide is an innovative opening solution that enhances privacy, saves space, and is aesthetically designed to meet the needs of a variety of customers and end-users," said Stacey Callahan, ASSA ABLOY Door Group's Vice President of Marketing and Innovation.
  • RITE Slide ensures privacy and quiet operation with sound seals, automatic door bottom, and soft-close operation to minimize slamming, and wear and tear on the door and hardware.
  • A barn-style sliding door, RITE Slide's unique, integrated assembly design includes all of the necessary door components including the frame, door, operating hardware, track hardware and accessories.

EU Commission Clears ASSA ABLOY's Acquisition of agta record, Subject to Conditions

Retrieved on: 
Friday, February 28, 2020
Assa Abloy, Wärtsilä, Assa, Yachting, Assa, Agta, Economy of Sweden, Boating

STOCKHOLM, Feb. 28, 2020 /PRNewswire/ -- ASSA ABLOY has received phase 1 conditional clearance by the EU Commission for ASSA ABLOY, as a 39% shareholder in the Swiss company agta record, to indirectly acquire the 54% shareholding in agta record from the shareholders of agta finance (the "Acquisition").

Key Points: 
  • STOCKHOLM, Feb. 28, 2020 /PRNewswire/ -- ASSA ABLOY has received phase 1 conditional clearance by the EU Commission for ASSA ABLOY, as a 39% shareholder in the Swiss company agta record, to indirectly acquire the 54% shareholding in agta record from the shareholders of agta finance (the "Acquisition").
  • Closing of the Acquisition is expected in the second half of 2020 after all remaining closing conditions and the EU Commission requirements have been fulfilled.
  • "Receiving the EU Commission's approval is an important step towards completing the acquisition of agta record and we look forward to welcoming the agta record people to our Group.
  • During the approval process in Europe ASSA ABLOY has made commitments to address the competition concerns of the EU Commission, including entering into binding agreements for the sale of certain agta record and ASSA ABLOY businesses to third parties.