Flexible Electronics News

ASSA ABLOY Reports Q4 2022 Results

Net sales increased by 28% to a record total of $3.12 billion, with organic growth of 9% and acquired net growth of 5%.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ASSA ABLOY reported its Q4 2022 results. Net sales increased by 28% to a record total of SEK 32,915 million ($3.12 billion), with organic growth of 9% and acquired net growth of 5%. Exchange-rates affected sales by 14%. The company noted very strong organic sales growth in Global Technologies, Americas and Entrance Systems, good growth in EMEIA, but a decline in organic sales in Asia Pacific. In addition, eight acquisitions with combined annual sales of about SEK 1,500 million ($142 million) ...

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