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Strong Growth for ASSA ABLOY in All Parts Except Europe
October 31, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY reported its results for the third quarter of 2013 ad the first nine months of 2013. Sales in the third quarter rose by 5%, with organic growth of 3%, and totaled SEK 12,131 M ($1.286 billion). The company reported strong growth in Americas, Asia Pacific and Global Technologies, and stable but low demand in EMEA and Entrance Systems. Operating income (EBIT) increased by 8% and amounted to SEK 2,090 million. The operating margin was 17.2%. Net income amounted to SEK 1,474 million. ...
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