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Assa Abloy Q2 Net Income Amounted To SEK 2.56 bln


Wednesday, 17 Jul 2019 

July 17 (Reuters) - Assa Abloy AB ::GOOD GROWTH AND IMPROVED OPERATING MARGIN.Q2 NET SALES INCREASED BY 11% TO SEK 23,544 M (21,140), WITH ORGANIC GROWTH OF 3% (5).Q2 OPERATING INCOME (EBIT) INCREASED BY 28% AND AMOUNTED TO SEK 3,733 M (2,911).Q2 NET INCOME AMOUNTED TO SEK 2,562 M (2,049).DEMAND HAS GENERALLY BEEN GOOD IN 2019, BUT WITH VARIATIONS BETWEEN DIFFERENT MARKETS.DURING Q2 OUR EFFICIENCY PROGRAMS AND OTHER SAVINGS GENERATED MORE THAN SEK 200 M IN EFFICIENCIES.REFINITIV POLL: ASSA ABLOY Q2, EBIT AT SEK 3.67 BILLION, REVENUE AT SEK 23.36 BILLION, NET PROFIT SEK 2.56 BILLION.SAYS Q2 SALES WERE STABLE IN SOUTH ASIA AND CHINA BUT DECLINED IN SOUTH KOREA AND JAPAN.SAYS IN Q2 IN SOME MARKETS, UNCERTAINTY HAS INCREASED AT THE SAME TIME DUE TO WEAKER CONSTRUCTION INDICES AND GEOPOLITICAL CHALLENGES.