ASSA ABLOY Quarterly Report Q4 2020

ASSA ABLOY Quarterly Report #Q4 #2020 | #Verdafero #Financial | Strong operational execution

Fourth quarter

• Net sales decreased by 7% to SEK 23,298 M (24,946), with organic growth of –5% (1) and acquired/divested net growth of 5% (3)
• EMEA and Entrance Systems reported stable organic sales development. Organic sales declined in Asia Pacific and Americas, while Global Technologies reported a significant decline
• Two divestments in Switzerland and Italy were completed. The combined annual sales of the divested companies amount to around SEK 625 M
• A new restructuring program was launched at year-end. The estimated cost amounts to SEK –1,366 M with a pay-back time of around two years
• Operating margin1 2 (EBIT %) excluding acquisitions and divestments was 16.1% (16.2)
• Net income1 2 amounted to SEK 2,582 M (2,767)
• Earnings per share1 2 amounted to SEK 2.33 (2.49)
• Operating cash flow amounted to SEK 5,529 M (5,235)
• The Board of Directors proposes a dividend of SEK 3.90 (3.85) per share for 2020, distributed in two equal installments.

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