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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.