Quarterly Report Q2 2023
Strong performance in the second quarter Second quarter · Net sales increased by 17% to SEK 34,474 M (29,466), with organic growth of 3% (13) and acquired net growth of 6% (0). Exchange-rates affected sales by 8% (12). · Very strong organic sales growth in Global Technologies, good growth in the Americas, stable in Entrance Systems, while organic sales declined in Asia Pacific and EMEIA. · The acquisition of Spectrum Brands’ Hardware and Home improvement division (HHI) was completed in June. · The divestment of Emtek and Smart Residential business in the U.S. and Canada to