Flexible Electronics News

ASSA ABLOY: Solid Sales and Profit Despite a Weak Market in 1Q 2013

Sales declined 1 percent from 1Q 2012

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ASSA ABLOY announced that its sales totaled SEK 10,868 M (10,839 in 2012), with organic growth of -1%. The company enjoyed good growth in Americas and continued growth in Asia, while EMEA and Entrance Systems were affected negatively by the weak economy in Europe. Three minor acquisitions with total annual sales of SEK 130 M were completed during the year. Operating income (EBIT) amounted to SEK 1,662 M (1,655 in 2012). The operating margin was 15.3% (15.3 in 2012). Net income amounted to SEK...

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