Flexible Electronics News

ASSA ABLOY Reports Strong 2Q 2018

Net sales increased by 9% to $2.4 billion, with organic growth of 5% and acquired net growth of 2%.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ASSA ABLOY reported its second quarter results from 2018. The company noted it had a solid underlying performance, as net sales increased by 9% to SEK 21,140 million ($2.4 billion), with organic growth of 5% and acquired net growth of 2%. Strong growth was shown by Americas, Global Technologies and Entrance Systems and stable growth by Asia Pacific and EMEA.   Contracts have been signed for the acquisition of eight companies with expected combined annual sales of about SEK 1,200 million ($136 ...

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