On 3 May, a well-attended lunch presentation was held at Nordic Equities’ office where Assa Abloy’s CFO, Erik Pieder, gave a presentation. Assa Abloy has long been a core holding in both NE Sweden and NE Strategy and the presentation provided further evidence of long-term ownership. Not least from the perspective that the company has grown more than 9% annually in the ten years leading up to the pandemic and how Assa has a future target of annual growth of 10% (5% organic and 5% from acquisitions). This is exactly in line with Nordic Equities’ investment criterias – we appreciate companies with good growth over time, preferably with the help of complementary acquisitions. Please read the full summary logged in as a NE customer (contact us for a password).
