Sales Decrease At ASSA ABLOY

ASSA ABLOY had net sales of SEK22.2 million for the third quarter of 2020, an decrease of eight per cent compared to net sales of SEK24 million in the third quarter of 2019. Entrance systems was the strongest category in terms of organic sales growth. The company had EBIT of SEK3.59 million for the quarter, a decrease of eight per cent over EBIT of SEK3.89 million in the year-ago period. Net income was SEK2.53 million compared to SEK2.70 million.