ASSA ABLOY AB: Strong Performance in the Third Quarter
ASSA ABLOY UNSP/ADR (ASAZY)
NASDAQ:AMEX Investor Relations:
assaabloy.com/en/com/investors
Company Research
Source: PR Newswire
STOCKHOLM, Oct. 18, 2019 /PRNewswire/ -- Third quarter Net sales increased by 13% to SEK 24,034 M (21,191), with organic growth of 4% (5) and acquired net growth of 4% (2) Strong growth in Global Technologies and Americas and good growth in EMEA and Entrance Systems, while sales declined in Asia Pacific Five acquisitions signed with combined expected annual sales of about SEK 1,000 M Operating income (EBIT) increased by 14% and amounted to SEK 3,894 M (3,424), corresponding to an operating margin of 16.2% (16.2) Net income amounted to SEK 2,697 M (2,384) Earnings per share amounted to SEK 2.43 (2.15) Operating cash flow increased by 47% to SEK 4,401 M (3,004) Sales and income Third quarter January-September 2018 2019 ? 2018 2019 ? Sales, SEK M 21,191 24,034 13% 60,881 69,082 13%
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