Assa Abloy

July 17, 2019

Good growth and improved operating margin

Second quarter · Net sales increased by 11% to SEK 23,544 M (21,140), with organic growth of 3% (5) and acquired net growth of 4% (2) · Strong growth in Americas and Global Technologies, good growth in EMEA and Asia Pacific and growth in Entrance Systems · Three acquisitions signed with combined expected annual sales of about SEK 800 M · Operating income (EBIT)[1] increased by 28% and amounted to SEK 3,733 M (2,911), corresponding to an operating margin of 15.9% (13.8) · Net income[1] amounted to SEK 2,562 M (2,049) · Earnings per share[1] amounted to SEK 2.31 (1.84) ·

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