Flexible Electronics News

ASSA ABLOY Reports 2Q 2016 Results

Net sales increased by 5% to SEK 17,894 million, of which 4% was organic growth and 4% was acquired growth.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ASSA ABLOY reported its second quarter 2016 results. Net sales increased by 5% to SEK 17,894 million, of which 4% was organic growth and 4% was acquired growth. The company reported strong growth in Americas, EMEA and Global Technologies and good growth in Entrance Systems, and negative growth in Asia-Pacific owing to weak demand in China.   In addition, contracts have been signed for the acquisition of six companies with combined expected annual sales of about SEK 950 million. Operating incom...

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