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Fourth quarter net sales increased by 15% in the quarter to SEK 18,301 million ($2.164 billion).
February 8, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY reported a its fourth quarter 2015 result. Net sales increased by 15% in the quarter to SEK 18,301 million (15,847). Organic growth was 5%. The company reported strong growth in Americas, Global Technologies, Entrance Systems and EMEA, and negative growth in Asia Pacific due to continued weak demand in China. Agreements have been signed for the acquisition of six companies, including CEDES in Switzerland, with combined expected annual sales of about SEK 1,100 million ($130 million)...
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