Solid underlying performance for ASSA ABLOY

Second quarter · Net sales increased by 9% to SEK 21,140 M (19,387), with organic growth of 5% (2) and acquired net growth of 2% (2)  · Strong growth was shown by Americas, Global Technologies and Entrance Systems and stable growth by Asia Pacific and EMEA  · One-off costs in Asia Pacific during the quarter amounted to SEK –5,595 M for impairment of goodwill and other intangible assets and SEK –400 M for write-downs of operating assets  · Contracts have been signed for the acquisition of eight companies with expected combined annual sales of about SEK 1,200 M. The Wood