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Net sales increased by 15% to $2.36 billion, with organic growth of 5% and acquired net growth of 2%.
October 23, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY reported strong organic sales growth in the third quarter of 2018, as net sales increased by 15% to SEK 21,191 million ($2.36 billion), with organic growth of 5% and acquired net growth of 2%. The company reported strong sales growth in Global Technologies and Americas and good growth in Entrance Systems. Sales in EMEA and Asia Pacific were stable. Three acquisitions have been signed with combined expected annual sales of about SEK 1,200 million ($133 million). Operating income (E...
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