Quarterly Report Q2 2020
An extraordinary quarter Second quarter · Net sales decreased by 15% to SEK 19,953 M (23,544), with organic growth of –18% (3) and acquired net growth of 3% (4) · All five divisions reported significant declines in organic growth due to COVID-19. Entrance Systems, reporting organic growth of –8%, was the division least impacted · Three acquisitions with expected combined annual sales of around SEK 200 M were signed · To meet a regulatory precondition by the EU Commission for ASSA ABLOY to acquire agta record, agreements for the sale of certain agta record and ASSA ABLOY