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ASSA ABLOY delivers Q1 results as trial gets underway

ASSA ABLOY delivers positive Q1 results in midst of trial proceedings

April 28, 2023Ken Showers, Managing Editor

WASHINGTON, D.C. – All signs pointed to a positive first quarter for lock maker and access solutions provider ASSA ABLOY despite a lawsuit looming over proceedings. On April 26 the company held its quarterly earnings call for investors where it presented some strong numbers for growth including net sales increase of 22 percent to SEK 32,391 M (26,591), with organic growth of 8 percent (14) and acquired net growth of 5 percent. President and CEO Nico Delvaux attributed...

Assa Abloy, commercial, Diane Bartz, Emtek, Global Technologies, Nico Delvaux, perimeter security, Residential, Reuters, Smart Residential, Spectrum Brands, United States Department of Justice (DOJ)