Assa Abloy AB (OSTO:ASSA B)
kr 311.3 1.6 (0.52%) Market Cap: 345.78 Bil Enterprise Value: 412.79 Bil PE Ratio: 24.06 PB Ratio: 3.46 GF Score: 91/100
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Q2 2022 Assa Abloy AB Earnings Call Transcript

Jul 19, 2022 / 07:30AM GMT
Release Date Price: kr228.4 (+0.57%)
BjÃ;rn Tibell;publ;Head of IR
ASSA ABLOY AB

¶ - ()-

Good morning, and welcome to the presentation of ASSA ABLOY's first half year report in 2022. My name is Björn Tibell, I'm heading Investor Relations. And joining me here in the studio are as ASSA ABLOY's CEO, Nico Delvaux; and our CFO, Erik Pieder. We have set aside about 1 hour for the call today. And as usual, we will now start with a summary of the report before we open up for your questions. So with that, over to you, Nico.

Nico Delvaux;publ;President
ASSA ABLOY AB;CEO & Head of Global Technologies Division

()- -

Thanks, Björn, and also good morning from my side. I can present good results for Q2, and therefore, also good results for the first half of the year. We had a strong growth in the quarter with an organic growth of 13%, a total growth of 25%. Also strong profit, with a profit of around -- an EBIT of around SEK 4.4 billion, a good EBIT margin of 15%. And I would say that despite all the significant

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