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Net sales increased by 3% to $2.54 billion, with operating cash flow of $616 million.
February 7, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY reported its results for the fourth quarter of 2017. Net sales increased by 3% to SEK 20,109 million ($2.54 billion), with organic growth of 5% and acquired net growth of 3%. Operating income (EBIT) was SEK 3,359 million ($424 million), corresponding to an operating margin of 16.7%. Operating cash flow remained strong and amounted to SEK 4,876 million ($616 million). “ASSA ABLOY ended 2017 with strong growth in the fourth quarter,” said Johan Molin, president and CEO. “Organic...
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