ASSA ABLOY reports record Q3 sales of SEK 40.8 billion
The company achieved an 11% increase in operating profit and strong organic growth driven by Americas and EMEIA markets.
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Access and security solutions provider
assaabloy.comLast updated
In short: ASSA ABLOY reported record Q3 sales of SEK 40.8 billion, with operating profit beating forecasts.
The company achieved an 11% increase in operating profit and strong organic growth driven by Americas and EMEIA markets.
The company completed 23 acquisitions, launched MFP10 cost-efficiency program, and exceeded most sustainability targets despite currency headwinds.
Despite supply chain pressures, the company achieved organic growth and announced acquiring Spectrum Brands' Hardware unit to expand North American residential presence.
Sales rose 20% to SEK 68,099 million while earnings per share increased. Operating income and cash flow grew, alongside accelerated product development.
Sweden's Assa Abloy , the world's largest lock maker, on Tuesday reported stronger-than-expected third-quarter earnings, driven by price realization and cost efficiencies.
A D.C. federal court urged the U.S. Department of Justice and Assa Abloy on Monday to reach an agreement over a request from Fortune Brands...
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The Swedish multinational Assa Abloy has signed an agreement to acquire Gunnebo Entrance Control, a British manufacturer of access control solutions, which...
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