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Sales increased by 6% to $2,232 billion in the fourth quarter.
February 3, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY reported its results for 4Q 2016. Sales increased by 6% to SEK 19,484 million ($2,232 billion). (18,301), with organic growth of 1%. Acquisitions and divestments accounted for 2% growth, with 3% due to acquisitions and -1% divestments. The company reported good growth for Entrance Systems and EMEA and growth for Americas and Global Technologies, with negative growth for Asia Pacific, mainly due to weak demand in China. Operating income (EBIT) was SEK 2,913 million ($334 millio...
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