STOCKHOLM – October 29, 2026 -- ASSA ABLOY lifted third-quarter EBITA by 12% to SEK 7,612 M (6,815) on net sales of SEK 40,771 M (38,146), with the operating margin reaching a record 18.7% (17.9). Operating income (EBIT) rose 11% to SEK 7,102 M, the first time the group has exceeded SEK 7bn in a quarter.
Organic growth of 4% extends the streak to seven quarters
Organic sales growth was 4% (3), acquisitions added 2% (5) and currency effects contributed 1% (-6), for total sales growth of 7%. CEO Nico Delvaux said it was the seventh consecutive quarter of organic growth despite geopolitical and macroeconomic uncertainty.
Operating leverage of 47% drives a 60 bp EBIT margin gain
The EBIT margin improved 60 bps to 17.4% (16.8). ASSA ABLOY attributed the gain to price realization and cost efficiencies. Net income reached SEK 4,718 M (4,144) and earnings per share SEK 4.24 (3.73). Comparatives exclude items affecting comparability in the prior-year period.
Operating cash flow rose 6% to SEK 7,405 M (6,969), equal to a cash conversion of 117%.
Americas and EMEIA grow 6% and 5% while Asia Pacific slips 1%
Americas growth was driven by the non-residential segment and Latin America. North America Residential improved and posted good sales growth. In EMEIA, Central Europe was very strong, while other regions were good or stable.
Global Technologies grew 4%, with strong sales at HID. Global Solutions grew at a low single-digit rate because of temporarily lower deliveries in its retail business unit. Entrance Systems grew 3%, led by Pedestrian and Perimeter Security.
Asia Pacific organic sales fell 1% on weak sales in Greater China.
Three acquisitions add about SEK 350 M in annual sales
ASSA ABLOY completed three acquisitions with combined annual sales of about SEK 350 M and one divestment during the quarter. It also announced the signing of Gunnebo Entrance Control, which it said will strengthen and complement its pedestrian access offering.
11th manufacturing footprint program launches in Q4
The company will launch its 11th manufacturing footprint program in the fourth quarter. Delvaux said ASSA ABLOY is confident of delivering another strong year after the first nine months.