ASSA ABLOY (ASS.L, ASAZY.PK) reported that its first-quarter net income rose to SEK 1.140 billion from SEK 943 million in the year ago quarter. Earnings per share rose 23% to SEK 3.10 from SEK 2.53 in the same quarter last year.
Sales for the quarter increased by 25% to SEK 10.84 billion from SEK 8.70 billion in the prior year quarter.
The company said that all restructuring programs proceeded according to plan and led to a reduction in personnel of 346 people during the quarter and 6,243 people since the projects began. A further 1,292 people will leave by the end of 2014.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.