This week, we had a visit from Assa Abloy and Björn Tibell, Head of IR, who gave our clients an interesting presentation focused on the company’s future.
Aftermarket and service: Assa Abloy has stable margins thanks to a strong aftermarket and service business, which gives them an advantage over other industrial companies.
Growth and acquisitions: Acquisitions are a central part of Assa Abloy’s strategy, and the company continues to invest in new markets like India, while also expanding in the U.S. retail sector through the acquisition of HHI.
The importance of innovation: In 2023, 22% of the company’s revenue came from new products, with over 400 new launches and over 230 patents, demonstrating how crucial innovation is to the company’s success.
