Quarterly Report Q4 2023

Strong result in a challenging market Fourth quarter · Net sales increased by 12% to SEK 36,970 M (32,915), with positive organic growth of 0% (9) and acquired net growth of 11% (5). Exchange- rates affected sales by 1% (14). · Organic sales growth was strong in Americas and good in Entrance Systems, while organic sales declined in Asia Pacific, EMEIA and Global Technologies. · Six acquisitions with combined annual sales of SEK 900 M were signed. · Operating income1 (EBIT) increased by 11% and amounted to SEK 5,722 M (5,152), with an operating margin of 15.5% (15.7). ·