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ASSA ABLOY AB (publ)
Q42022
2/3/2023
Björn Tobel
Head of Investor Relations
Hello everyone and welcome to the presentation of Assa Abloy's 2022 year-end report. My name is Björn Tobel, I'm heading investor relations and joining me here are Assa Abloy's CEO Nico Delvaux and our CFO Erik Pieder. We will stick to the normal format today and start now with a summary of the report before we open up for your questions. So with that, over to you, Nico.
Nico Delvaux
CEO
Thank you, Bjorn, and also good morning from my side. We can report a very good Q4, a very good end to, I think, a very good 2022 for Assembloj. We had a strong organic growth of 9% in the quarter, with all divisions contributing in a strong way, with the exception of APEC. In APEC, it's mainly Greater China, where we continue to see challenging market conditions, COVID-19 related, and of course, construction issues.
Erik Pieder
CFO
market crisis in digital real estate. Also, good complementary growth requisitions of 5% in the quarter. A strong EBIT margin of 15.7%. And a strong EBIT improvement.
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