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Net sales increased by 15% to $2.55 billion, with organic growth of 6% and acquired net growth of 3%.
February 6, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY announced its first quarter results for 2019. Net sales increased by 15% to SEK 23,167 million ($2.55 billion), with organic growth of 6% and acquired net growth of 3%. For full year 2018, the company reported sales of SEK 84,048 million ($9.25 billion), up 10% from 2017. The company noted strong sales growth in Americas and Asia Pacific, as well as strong growth for Global Technologies, good growth in EMEA and growth in Entrance Systems. Five acquisitions have been signed with co...
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