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

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
Follow RTT