Assa Abloy Revenue Declines Organically, Grows Acquisitions Q1 2024

Published Apr 25, 2024 14:32 PM

Assa Abloy has made hundreds of acquisitions over the years, with 24 just last year. These acquisitions are helping significantly as Assa struggles organically.

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In this note, we examine Assa's most recent financials, including HID's performance. Related, see HID Sales, Growth, Profits, And Backlog Analyzed

*** ******* ************ ****:

** ****** * ******** ******* ****** of *% *** *** *******. *** then **** **** *******, **** ** see **** *****, ** **** ****, negative ******* ****** ** *************** ** very ****** ****** ******* ************, **% in *** *******.

***** ** ******** **************** **** ***** ** ***** ** the *** *****, *** ***** **** portion ***** *** * **** ******* negative ******* ****** *** *** ****** blue ******* ***** ******* ****** ** acquisitions:

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***** ***** ********* ****** ** **** (with *** ******* ********) *** **** (rebounding *** ***** ****), *******, **** has **** *********** ******* ******* *% or ****.

*** *% ******* *********** ** ** 2024 ******* ****-**** **** *******, **** organic ****** **** ** *%.

*** ******* ********* ****** *********** ****** problems:

** ******** ** *** * **** residential ****** ** **** *** *** build ** *** *&*. **** ** true ** ***** *******, ****'* **** in ******, **'* **** ** *******, our **** *******.

**** **** ************ ******* ** *** nonresidential ****:

** *** ***** **** **** ******** on *** ************** ****, ******* *** as *** ******* ** ** ****** ago, *** ***** **** **** ****** conditions; *****, ** **** ** ***** America, ** ******, ** ** *******, where *** **** ******** ** ***** up ***-****** *****

** *** **** ****, ****'* ****************** ** ** ********** ********* *********, ***** *** ~$*** ******* ******* last ****:

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HID ********

*** ***** **** *** ** **** of, ****** ************, ******** *************, **** ~9%, **** *** ******* "*********** ***** decline ** ******** ****** *******":

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********** **********, ****** *** ******** ** working *** *** ******* **** *** last * *****:

** *** ****** ***** ****** *** Citizen ** *** ******** & ****** Solutions, **** ***** ******* ** *** others *** * *********** ***** *******.

** ****, *** **** ******** **** we **** ***** * **** ***** comparison **** *** **** ******* **** year ***** ** ***** ** ** months, * ***** ***, * *** backlog ******* ** *** ********** **** semiconductor *********, *** **** ******* **** to ******* **** ******* **** ****. And *********, *** ********* ********** ** Q1,

******* ******* **** ** ****** ******* later **** ****, ****** * ****** indicator ** *** ********* (** **********) of *** *** *** ******** ****** control ********:

***** **** ******** ** ** * tough ********** **** *** ** **, by *** ***, ********* *** **** in * ******** ***, ********* **** bottom **** ******* **** ** * very ********** ******** **** ** ***.

** **** **** **********, **** *** is "**** **********." *** ****, ****** *****, ******, *******, *** ******* Analyzed.

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