Interim reportRegulatory
ASSA ABLOY REPORT FOR THE SECOND QUARTER OF 2003
| | Second quarter | | Six months | | ||
| | 2003 | 2002 | Change | 2003 | 2002 | Change |
| Sales, SEK M | 5,930 | 6,245 | -5% | 12,054 | 12,549 | -4% |
| Whereof: | | | | | | |
| Organic growth | | | -2% | | | -1% |
| Acquisitions | | | 8% | | | 8% |
| FX-differences | -691 | | -11% | -1,420 | | -11% |
| Operating margin, EBITA, % | 13.0 | 13.9 | - | 13.4 | 13.8 | - |
| Adj. FX-diff. and acquisitions | | 13.3 | - | | 13.1 | - |
| Income before tax, SEK M | 407 | 484 | -16% | 875 | 944 | -7% |
| Whereof: FX-differences | -40 | | -8% | -93 | | -10% |
| Operating cash flow, SEK M | 577 | 866 | -35% | 1,142 | 1,528 | -25% |
| Earnings per share (EPS), SEK | 0.71 | 0.84 | -15% | 1.53 | 1.65 | -7% |
| EPS excluding goodwill, SEK | 1.34 | 1.48 | -9% | 2.82 | 2.93 | -4% |
The full report including tables can be downloaded from the attached link.
Further information can be obtained from<br>Bo Dankis, President and CEO, tel: +46 8 506 485 42<br>Göran Jansson, EVP and CFO, tel: +46 8 506 485 72<br>Martin Hamner, Director of Investor Relations and Group Controller, tel: + 46 8 506 485 79<br><br>The ASSA ABLOY Group is the world's leading manufacturer and supplier of locking solutions, dedicated to satisfying end-user needs for security, safety and convenience. The Group has about 30,000 employees and annual sales of about EUR3 billion.