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Sales increased by 19%, and totaled SEK 17,465 million ($2.1 billion).
October 21, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY reported its third quarter 2015 results. Sales increased by 19%, and totaled SEK 17,465 million ($2.1 billion). Organic growth was 3%. The company noted strong growth in Americas, Entrance Systems and EMEA and a flat development in Global Technologies, as well as negative growth in Asia Pacific due to weak demand in China. Nergeco in France and two other small businesses were acquired during the quarter, with expected annual sales in 2015 of about SEK 400 million ($48 million). ...
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