Flexible Electronics News

ASSA ABLOY Reports Strong Start to 2017

Sales increased by 14% to $2.068 billion, with organic growth of 6%.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ASSA ABLOY reported its first quarter 2017 financial results. Sales increased by 14% to SEK 18,142 million (15,891), with organic growth of 6%. Acquisitions contributed 3%. Strong growth was shown by Global Technologies, Entrance Systems, Americas and EMEA, and good growth by Asia Pacific.   Contracts have been signed for the acquisition of seven companies with expected combined annual sales of about SEK 700 million ($80 million).   Operating income (EBIT) increased by 16% and totaled SEK 2,...

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