Q1 1 January-31 March 2013

Solid sales and profit despite a weak market

  • Sales totaled SEK 10,868 M (10,839), with organic growth of -1%.
  • Good growth in Americas and continued growth in Asia.
  • EMEA and Entrance Systems were affected negatively by the weak economy in Europe.
  • Three minor acquisitions with total annual sales of SEK 130 M were completed during the year.
  • Operating income (EBIT) amounted to SEK 1,662 M (1,655). The operating margin was 15.3% (15.3).
  • Net income amounted to SEK 1,138 M (1,146).
  • Earnings per share fell by 1% to SEK 3.07 (3.11).
  • Cash flow was normal for the season and totaled SEK 498 M (483).