Q4 2020 Assa Abloy AB Earnings Call Transcript
Good morning, everyone, and welcome to the presentation of ASSA ABLOY's year-end report 2020. My name is Björn Tibell. I'm heading Investor Relations. And joining me from their home offices are ASSA ABLOY's CEO, Nico Delvaux; and our CFO, Erik Pieder.
We have set aside about 1 hour for this conference, and we will now start with a summary of the Q4 report before we open up for your questions. So with that, I would like to hand over to you, Nico.
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Thank you, Bjorn, and also good morning from my side. And yes, unfortunately, we have to do this call again from our home office, which, yes, as we all know, shows again that COVID-19 is not over yet. But we can present you a good Q4, definitely, if we take COVID-19 into account, a quarter with strong operational execution, the quarter in which organic sales declined with 5%, but we compensated that organic sales decline by a strong growth to acquisitions of plus 5%.
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