Opening Markets Drive ASSA ABLOY Sales

ASSA ABLOY had net sales of SEK23,648 million for the second quarter of 2021, an increase of 19 per cent over net sales of SEK19,953 million for the second quarter of 2020. Sales in the Americas were up 26 per cent year-over-year with entrance systems showing the strongest gains of 21 per cent. Operating income was SEK23,589 million, up 71 per cent over SEK2,097 million in the year-ago period while net income was SEK3,212 million compared to SEK1,400 million. “During the last few months, we have seen positive signs that more markets are opening up again in parallel with the vaccine roll-out. This has resulted in increased mobility and activity level in most of our core markets,” says Nico Delvaux, president and CEO.