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ASSA B Assa Abloy AB News Story

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Consumer CyclicalsConservativeLarge CapHigh Flyer

Brief: Assa Abloy Q3 EBIT Above IBES Estimate, At SEK 6.42 Bln

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))

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