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Sales for the quarter increased by 14 percent, with 2 percent organic growth
July 18, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY reported its results for the 2Q 2014. Sales for the quarter increased by 14%, with 2% organic growth, and totaled SEK 13,964 million ($2.038 billion). The company enjoyed strong growth in Asia-Pacific and good growth in EMEA, Entrance Systems and Americas, but suffered negative growth in Global Technologies because of lower project orders. Operating income (EBIT) for the quarter rose by 13% and totaled SEK 2,219 million ($324 million). The operating margin was 15.9%. Net income for...
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