logo
Share SHARE
FONT-SIZE Plus   Neg

ASSA ABLOY Q1 Profit Rises - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
comments powered by Disqus
Follow RTT