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Net sales increased by 2% to $2.138 billion, with operating income increasing by 2% to $326 million.
April 30, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY reported its results for the first quarter of 2018. Net sales increased by 2% to SEK 18,550 million ($2.138 billion), with organic growth of 4% and acquired net growth of 2%. Strong growth was shown by Global Technologies and Entrance Systems and good growth by Asia Pacific, EMEA and Americas Operating income (EBIT) increased by 2% and amounted to SEK 2,829 million ($326 million), corresponding to an operating margin of 15.3%. Net income amounted to SEK 1,964 million ($226 millio...
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