Assa Abloy AB Class B

ASSA B: XSTO (SWE)
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Assa Abloy Earnings: Organic Growth Accelerates; Margin Overstated by One-Offs

Assa Abloy reported second-quarter organic sales growth of 4%, up from 2% in the first quarter, with an EBIT margin of 17.0%. Approximately SEK 220 million of nonrecurring items inflated the margin, resulting in an underlying 16.5% EBIT margin.

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