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Assa Abloy Quarterly Report Q2 2024
STOCKHOLM, July 17, 2024 /PRNewswire/ --
Strong performance
Second quarter
Net sales increased by 10% to SEK 37,968 M (34,474), with organic growth of –1% (3) and acquired net growth of 11% (6). Exchange- rates affected sales by 0% (8).
Organic sales growth was good in Americas and EMEIA, stable in Entrance Systems, but declined in Asia Pacific and Global Technologies.
Eight acquisitions with combined annual sales of about SEK 1,000 M were completed in the quarter.
Operating income1 (EBIT) increased by 11% and amounted to SEK 6,085 M (5,500), with an operating margin of 16.0% (16.0).
Net income1 amounted to SEK 3,927 M (3,731).
Earnings per share1 amounted to SEK 3.54 (3.36).
Operating cash flow amounted to SEK 5,604 M (6,671).
Sales and income
Second quarter
First half-year
2023
2024
Δ
2023
2024
Δ
Sales, SEK M
34,474
37,968
10 %
66,865
73,168
9 %
Of which:
Organic growth
897
–349
–1%
3,115
–1,111
–2 %
Acquisitions and divestments
2,002
3,925
11 %
3,346
7,532
11 %
Exchange-rate effects
2,109
–83
0 %