Entrance Systems Drive ASSA ABLOY Sales

ASSA ABLOY had net sales of SEK29,466 million for the second quarter of 2022, a 25 per cent increase compared to net sales of SEK23,648 in the second quarter of 2021. The increase was mostly due to organic sales, specifically in the Americas (+20 per cent) and in entrance systems (+19 per cent). Earnings before income and taxes (EBIT) was SEK4,406 million for the quarter, up 23 per cent compared to SEK3,589 million in the prior-year period. Net income was SEK3,156 million compared to SEK3,212 million last year.