Strong operational execution Fourth quarter · Net sales decreased by 7% to SEK 23,298 M (24,946), with organic growth of –5% (1) and acquired/divested net growth of 5% (3) · EMEA and Entrance Systems reported stable organic sales development. Organic sales declined in Asia Pacific and Americas, while Global Technologies reported a significant decline · Two divestments in Switzerland and Italy were completed. The combined annual sales of the divested companies amount to around SEK 625 M · A new restructuring program was launched at year-end. The estimated cost amounts to SEK
