Q1 1 January -30 March 2016

A summary of the main highlights for the first quarter of 2016.

  • Net sales amounted to SEK 15,891 M (15,252), an increase of 4%, of which 3% (5) was organic growth and 3% (3) was acquired growth. 
  • Strong growth in Americas and good growth in EMEA and Entrance Systems
  • Growth in Global Technologies and continued negative growth in Asia Pacific because of China.
  • Contracts have been signed for the acquisition of three companies with combined expected annual sales of about SEK 750 M. A contract has also been signed for the divestment of the Group’s Car Locks business, which has annual sales of about SEK 550 M.
  • Operating income (EBIT) amounted to SEK 2,411 M (2,329). The operating margin was 15.2% (15.3). 
  • Net income amounted to SEK 1,638 M (1,616).
  • Earnings per share increased by 1% and amounted to SEK 1.47 (1.45).
  • Cash flow was normal for the season and amounted to SEK 498 M (520).