ASSA ABLOY AB (publ) (STO: ASSA.B)

ASSA ABLOY AB Income Statement

Financials in millions SEK. Fiscal year is January - December.

Fiscal Year	TTM	2023	2022	2021	2020	2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	147,019	140,716	120,793	95,007	87,649	94,029
Revenue Growth (YoY)	11.72%	16.49%	27.14%	8.39%	-6.79%	11.88%
Cost of Revenue	86,956	84,212	72,862	57,231	53,336	56,499
Gross Profit	60,063	56,504	47,931	37,776	34,313	37,530
Selling, General & Admin	30,433	28,948	23,878	19,302	19,625	19,554
Research & Development	5,712	5,712	4,834	3,936	3,902	3,566
Other Operating Expenses	404	404	222	80	270	96
Operating Expenses	36,549	35,064	28,934	23,318	23,797	23,216
Operating Income	23,514	21,440	18,997	14,458	10,516	14,314
Interest Expense	-3,395	-2,524	-919	-646	-746	-990
Interest & Investment Income	139	139	35	2	3	14
Earnings From Equity Investments	12	18	26	19	257	147
Currency Exchange Gain (Loss)	-83	-83	-21	-74	-95	-62
Other Non Operating Income (Expenses)	-177	-176	-132	-22	-41	-57
EBT Excluding Unusual Items	20,010	18,814	17,986	13,737	9,894	13,366
Merger & Restructuring Charges	-965	-965	-506	-207	-287	-216
Impairment of Goodwill	-3	-2,271	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	1,909	-
Gain (Loss) on Sale of Assets	-45	3,647	-	-175	-43	63
Other Unusual Items	30	30	41	184	203	358
Pretax Income	19,027	19,255	17,521	13,539	11,676	13,571
Income Tax Expense	4,311	5,615	4,225	2,638	2,504	3,574
Earnings From Continuing Operations	14,716	13,640	13,296	10,901	9,172	9,997
Net Income to Company	14,716	13,640	13,296	10,901	9,172	9,997
Minority Interest in Earnings	-3	-7	-5	-1	-1	-4
Net Income	14,713	13,633	13,291	10,900	9,171	9,993
Net Income to Common	14,713	13,633	13,291	10,900	9,171	9,993
Net Income Growth	8.45%	2.57%	21.94%	18.85%	-8.23%	262.99%
Shares Outstanding (Basic)	1,111	1,111	1,111	1,111	1,111	1,111
Shares Outstanding (Diluted)	1,111	1,111	1,111	1,111	1,111	1,111
Shares Change (YoY)	0.02%	-	-	-	-	-
EPS (Basic)	13.25	12.27	11.97	9.81	8.26	9.00
EPS (Diluted)	13.25	12.27	11.97	9.81	8.26	9.00
EPS Growth	8.42%	2.57%	21.94%	18.85%	-8.23%	262.99%
Free Cash Flow	17,816	18,927	12,645	11,036	12,243	11,448
Free Cash Flow Per Share	16.04	17.04	11.38	9.94	11.02	10.31
Dividend Per Share	5.400	5.400	4.800	4.200	3.900	3.850
Dividend Growth	12.50%	12.50%	14.29%	7.69%	1.30%	10.00%
Gross Margin	40.85%	40.15%	39.68%	39.76%	39.15%	39.91%
Operating Margin	15.99%	15.24%	15.73%	15.22%	12.00%	15.22%
Profit Margin	10.01%	9.69%	11.00%	11.47%	10.46%	10.63%
Free Cash Flow Margin	12.12%	13.45%	10.47%	11.62%	13.97%	12.17%
EBITDA	27,571	25,008	21,739	17,034	12,985	16,500
EBITDA Margin	18.75%	17.77%	18.00%	17.93%	14.81%	17.55%
D&A For EBITDA	4,057	3,568	2,742	2,576	2,469	2,186
EBIT	23,514	21,440	18,997	14,458	10,516	14,314
EBIT Margin	15.99%	15.24%	15.73%	15.22%	12.00%	15.22%
Effective Tax Rate	22.66%	29.16%	24.11%	19.48%	21.45%	26.34%

Source: S&P Capital IQ. Standard template. Financial Sources.