Quarterly Report Q4 2021

Very strong sales growth and margin improvementFourth quarter · Net sales increased by 10% to SEK 25,623 M (23,298), with organic growth of 10% (–5) and acquired net growth of –1% (5) · Very strong organic sales growth in Americas and Entrance Systems and strong organic sales growth in Global Technologies and EMEIA, while organic sales were stable in Asia Pacific · Three acquisitions with combined annual sales of about SEK 300 M were signed in the quarter · Operating income (EBIT[1] 2) was SEK 4,013 M (3,475), corresponding to an operating margin of 15.7% (14.9) · Net