Flexible Electronics News

ASSA ABLOY Reports 4Q, Full Year Results for 2011

Overall sales grew 13 percent to $6.27 billion

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ASSA ABLOY’s sales increased during the fourth quarter by a full 22%, including 4% organic growth, and totaled SEK 11,744 million ($1.76 billion). The company reported strong growth in Asia, Africa, Global Technologies and Entrance Systems, while the markets in Europe and North America were stable. The acquisitions of Albany Door Systems and Securistyle were completed and agreement signed for the acquisition of Dynaco. The combined annualized sales from these companies is SEK 1,850 million, ...

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