Assa Abloy AB (STU:ALZC)
€ 28.57 -0.52 (-1.79%) Market Cap: 32.00 Bil Enterprise Value: 37.75 Bil PE Ratio: 24.09 PB Ratio: 3.67 GF Score: 88/100

Q2 2023 Assa Abloy AB Earnings Call Transcript

Jul 19, 2023 / 07:30AM GMT
Release Date Price: €22.09 (-1.25%)
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 second interim report in 2023. My name is Björn Tibell. I'm heading Investor Relations. And joining me here in the studio are ASSA ABLOY's CEO, Nico Delvaux; and our CFO, Erik Pieder. We have set aside about 1 hour for this call, as usual, and we will now start 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 good results for Q2. I would say despite more challenging Residential market environment and despite a difficult comparison with a year ago and the fact that we have 1 working day less this quarter, we nevertheless were able to show an organic growth of 3% in the quarter.

We have a very strong sales growth in Global Technologies and a

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