Oct 21 (Reuters) - Assa Abloy AB ASSAb.ST:
Q3 SALES SEK 38,146 MILLION VERSUS. IBES ESTIMATE SEK 38,187 MILLION
Q3 EBIT SEK 6,416 MILLION VERSUS. IBES ESTIMATE SEK 6,327 MILLION
Q3 NET INCOME SEK 4,144 MILLION
Q3 EPS SEK 3.73
Q3 EBITA MARGIN 17.9%
SEES M&A EFFECT ON Q4 NET SALES OF 3% Y/Y
SEES FX EFFECT ON Q4 SALES OF –9% Y/Y
SEES FX EFFECT ON Q4 OPERATING MARGIN TO BE DILUTIVE
SEES M&A EFFECT ON Q4 OPERATING MARGIN TO BE SLIGHTLY ACCRETIVE
EMEIA DELIVERED GOOD ORGANIC SALES GROWTH OF 4%, DRIVEN BY STRONG GROWTH IN NORDICS AND CENTRAL EUROPE
ENTRANCE SYSTEMS GREW ORGANICALLY BY 4%, WITH GROWTH ACROSS ALL SEGMENTS
PERIMETER SECURITY AND PEDESTRIAN SEGMENTS POSTED STRONGEST GROWTH
ASIA PACIFIC SAW ORGANIC SALES DECLINE BY 4%, WITH GOOD GROWTH ACROSS MOST REGIONS BEING MORE THAN OFFSET BY SIGNIFICANT SALES DECLINES IN CHINA
Source text: ID:nWkr6884sk
Further company coverage: [ASSAb.ST]
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com))