Strong Overall Top Line Growth
ASSA ABLOY reported an 8% increase in top line growth with 2% organic growth, 5% net acquisition growth, and 1% currency impact.
Positive Momentum in Global Tech
Global Tech segment saw an organic sales growth of 8% with strong sales growth across most verticals and an underlying strong operating margin.
Successful Acquisition Activity
Six acquisitions were completed in the quarter, adding an annualized sales of 3.6 billion SEK, including InVue and Uhlmann & Zacher.
Launch of Insight Mobile App
Entrance Systems launched the Insight Mobile App, enabling digital remote control and access management, enhancing product offerings.
Sweden and New Zealand Residential Market Recovery
Signs of recovery in the residential market in Sweden and New Zealand due to interest rate cuts.