Flexible Electronics News

ASSA ABLOY: Good Performance in a Weak Market

Good growth in Americas, improved performance in Australia and New Zealand

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ASSA ABLOY announced that its sales increased by 4% in the fourth quarter, with 0% organic growth, and totaled SEK 12,239 million. In particular, the compnay enjoyed good growth in Americas and improved performance in Australia and New Zealand. Markets in EMEA and Asia and Global Technologies were stable, while Entrance Systems was affected negatively by the weak trend in southern Europe. The acquisition of the U.S. company 4Front was completed. Its annual sales are expected to total SEK 1,...

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