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Stock impact report

Assa Abloy Quarterly Report Q1 2024

ASSA ABLOY UNSP/ADR (ASAZY) 
NASDAQ:AMEX Investor Relations: assaabloy.com/en/com/investors
Company Research Source: PR Newswire
STOCKHOLM, April 24, 2024 /PRNewswire/ --Strong execution in a challenging marketFirst quarter           Net sales increased by 9% to SEK 35,200 M (32,391), with organic growth of –2% (8) and acquired net growth of 11% (5). Exchange- rates affected sales by 0% (9). Organic sales growth was stable in Entrance Systems, but declined in Americas, Asia Pacific, EMEIA and in Global Technologies. Three acquisitions with combined annual sales of about SEK 2,000 M were completed in the quarter. The divestment of PACA in France was finalized.Operating income1 (EBIT) increased by 5% and amounted to SEK 5,427 M (5,186), with an operating margin of 15.4% (16.0).The operating margin1 (EBIT) excluding the acquisition of HHI and divestment of the Emtek/U.S. Smart Residential business was 16.3%.Net income1 amounted to SEK 3,462 M (3,692). Earnings per share1 amounted to SEK 3.12 (3.32).Operating cash flow amounted to SEK 3,096 M (4,069).Sales and incomeFull yearFirst quarter20222023?20232024?Sales, SE Show less Read more
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