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Sales increased by 14 percent, including 3 percent organic growth
July 27, 2012
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY enjoyed strong growth during the second quarter of 2012, with sales increasing by 14% to SEK 11,997 million ($1.745 billion) from last year, including 3% organic growth. Net income amounted to SEK 1,295 million. The company reported improved growth in North America and continued strong growth in Global Technologies. Meanwhile, there was stable but weak development in Europe, while the emerging markets showed improved performance. Acquisitions done of Helton, Guoqiang and Sanhe, wh...
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