ASSA ABLOY reports one-off non-cash costs of SEK 2.2bn in the second quarter of 2023 in its Global Technologies Division, primarily related to the Citizen ID business. These one-off costs are attributable to impairment of goodwill and other intangible assets. "The impairment in Citizen ID reflects the continued long term challenging situation since the pandemic with significantly lower volumes, mainly in the passport business. We will continue with actions to improve the profitability of Citizen ID”, says Nico Delvaux, President and CEO of ASSA ABLOY. For more information, please
