Assa Abloy AB (OTCPK:ASAZY)
$ 15.42 -0.2103 (-1.35%) Market Cap: 34.26 Bil Enterprise Value: 40.52 Bil PE Ratio: 24.09 PB Ratio: 3.67 GF Score: 93/100

Q3 2023 Assa Abloy AB Earnings Call Transcript

Oct 25, 2023 / 07:30AM GMT
Release Date Price: $10.35 (+0.56%)
BjÃ;rn Tibell;publ;Head of IR
ASSA ABLOY AB

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Hi, everyone, and welcome to the presentation of ASSA ABLOY's Third Interim Report in 2023. My name is Bjorn Tibell. I'm heading Investor Relations. And joining me here in the studio are our CEO, Nico Delvaux; and our CFO, Erik Pieder. We will stick to the usual format today and start now with the presentation of the quarterly results and then 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, Bjorn, and also good morning from my side. Q3 results, we can show you good results for Q3. I would say despite very difficult market conditions on the residential side and despite the fact that we had a difficult comparison with last year and 1 working day less in this quarter, we're still able to post positive organic growth of 1%. And also good to see that if we have lower organic growth that we can

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