Assa Abloy: Q3 net profit up 3%
(CercleFinance.com) - Q3 2023 net sales rose by 16% to 36,881m SEK, with organic growth of 1% and net growth of 11%: FX knocked 4% off sales.
The group recorded solid organic sales growth in Global Technologies and the Americas, while organic sales declined in Asia-Pacific and EMEIA.
Ten acquisitions representing combined annual sales of 2bn SEK were signed over the quarter.
Net income reached 3,656m SEK (+3% vs. 3,552m SEK a year ago), while EPS was 3.31 SEK (vs. 3.20 SEK). Operating cash flow reached a record 7,177m SEK (vs. 4,520m SEK).
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The group recorded solid organic sales growth in Global Technologies and the Americas, while organic sales declined in Asia-Pacific and EMEIA.
Ten acquisitions representing combined annual sales of 2bn SEK were signed over the quarter.
Net income reached 3,656m SEK (+3% vs. 3,552m SEK a year ago), while EPS was 3.31 SEK (vs. 3.20 SEK). Operating cash flow reached a record 7,177m SEK (vs. 4,520m SEK).
Copyright (c) 2023 CercleFinance.com. All rights reserved.