ASSA ABLOY Has Strong Quarter

ASSA ABLOY had net sales of SEK31,820 million for the third quarter of 2022, an increase of 33 per cent compared to net sales of SEK23,930 million in the third quarter of 2021. The company experienced strong organic growth in its entrance systems and global technologies and made six acquisitions during the quarter. Operating income was SEK4,973 million for the quarter, up 47 per cent over the year-ago period and net income was SEK3,552 million compared to SEK2,393 last year.