Assa Abloy AB (OTCPK:ASAZF)
$ 30.86 0 (0%) Market Cap: 34.54 Bil Enterprise Value: 40.75 Bil PE Ratio: 24.09 PB Ratio: 3.67 GF Score: 93/100

Q4 2022 Assa Abloy AB Earnings Call Transcript

Feb 03, 2023 / 08:30AM GMT
Release Date Price: $25.74 (+3.97%)
BjÃ;rn Tibell;publ;Head of IR
ASSA ABLOY AB

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Hello, everyone, and welcome to the presentation of ASSA ABLOY's 2022 year-end report. My name is Björn Tibell, I'm heading Investor Relations. And joining me here are ASSA ABLOY's CEO, Nico Delvaux; and our CFO, Erik Pieder.

We will stick to the normal format today and start now with a summary of the report before we open up for your questions. So with that, over to you, Nico.

Nico Delvaux;publ;President
ASSA ABLOY AB;CEO & Head of Global Technologies Division

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Thank you, Björn, and also good morning from my side. We can report a very good Q4, a very good end to, I think, a very good 2022 for ASSA ABLOY.

We had a strong organic growth of 9% in the quarter with all divisions contributing in a strong way, with the exception of APAC, wherein APAC, it's mainly Greater China where we continue to see challenging market conditions, COVID-19-related and, of course, construction market crisis in general

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