Flexible Electronics News

ASSA ABLOY Reports Good Growth, Improved Operating Margin in 2Q 2019

Second quarter 2019 net sales increased by 11% to $2.51 billion, and EBIT increased by 28% to $400 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ASSA ABLOY reported its second quarter 2019 results, and noted that the company showed good growth and improved operating margin.   Second quarter 2019 net sales increased by 11% to SEK 23,544 million ($2.51 billion), with organic growth of 3% and acquired net growth of 4%. The company reported strong growth in Americas and Global Technologies, good growth in EMEA and Asia Pacific and growth in Entrance Systems. Three acquisitions signed with combined expected annual sales of about SEK 800 mil...

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