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Assa Abloy shows growth in Q3 results, commitment to HHI acquisition

Assa Abloy shows growth in Q3, commits to HHI acquisition

October 28, 2022Ken Showers, Managing Editor

STOCKHOLM – This week lock maker and security giant Assa Abloy presented its Q3 financial results, with strong growth despite signs of a market slowdown. The conference call opened with remarks from Assa Abloy President, CEO & Head, Global Technologies Division Nico Delvaux. The company experienced an organic sales growth of 14 percent which Delvaux credited to Entrance Systems and the America’s contributions, as well as Global Technologies. Net sales have increased 33 percent with...

Assa Abloy, Control iD, COVID, DHL, DoorBird, EBITDA, Emtek Products, intercom, Nico Delvaux, smart locks, Smart Residential, Third Quarter (Q3), United States Department of Justice (DOJ)