Quarterly Report Q3 2023
Continued strong executionThird quarter
·Net sales increased by 16% to SEK 36,881 M (31,820), with organic growth of 1% (14) and acquired net growth of 11% (3). Exchange-rates affected sales by 4% (16).
·Good organic sales growth in Global Technologies and Americas, stable organic sales in Entrance Systems, while organic sales declined in Asia Pacific and EMEIA.
·Ten acquisitions with combined annual sales of about SEK 2,000 M were signed in the quarter.
·The operating margin (EBITA) was 16.7% (16.2).
·Operating income[1] (EBIT) increased by 16% and