STOCKHOLM, Feb. 7, 2024 /PRNewswire/ — Strong result in a challenging market
Fourth quarter
Net sales increased by 12% to SEK 36,970 M (32,915), with positive organic growth of 0% (9) and acquired net growth of 11% (5). Exchange- rates affected sales by 1% (14).
Organic sales growth was strong in Americas and good in Entrance Systems, while organic sales declined in Asia Pacific, EMEIA and Global Technologies.
Six acquisitions with combined annual sales of SEK 900 M were signed.
Operating income1 (EBIT) increased by 11% and amounted to SEK 5,722 M (5,152), with an operating margin of 15.5% (15.7).
The operating margin1 (EBIT) excluding the acquisition of HHI and divestment of the Emtek/U.S. Smart Residential business was 16.8%.
Net income1 amounted to SEK 3,969 M (3,729).
Earnings per share1 amounted to SEK 3.56 (3.36).
Operating cash flow amounted to a record SEK 7,315 M (6,588).
The Board of Directors proposes a dividend of SEK 5.40 (4.80) per share for 2023, to be distributed in two equal installments.
Sales and income
Fourth quarter
January-December
2023
Δ
2022
2023
Δ
Sales, SEK M
36,970
12 %
120,793
140,716
16 %
Of which:
Organic growth
133
0 %
13,007
3,393
3 %
Acquisitions and divestments
3,572
11 %
2,126
10,651
8 %
Exchange-rate effects
349
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