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Sales increased by 21 percent to $2.03 billion, with 4 percent organic growth
October 23, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY reported a strong third quarter of 2014, with Sales increased by 21%, with 4% organic growth, and totaled SEK 14,727 million ($2.03 billion). The company reported growth in Americas and Entrance Systems, and good growth in EMEA and Asia Pacific. In addition, ASSA ABLOY reported growth in Global Technologies. Operating income (EBIT) rose by 20% and totaled SEK 2,499 million ($345 million). The operating margin was 17.0%, down from 17.2% in 2013’s third quarter. Net income amounted t...
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