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Sales increased by 13 percent in the quarter, with 4 percent organic growth, and totaled SEK 12,305 million ($1.885B).
May 1, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY reported its first quarter 2014 results. The Group’s sales totaled SEK 12,305 million ($1.885 billion). Organic growth for comparable units was 4%. Acquired units contributed 8%. Operating income before depreciation, EBITDA, amounted to SEK 2,135 million. The corresponding EBITDA margin was 17.3%. The profit margin was 13.9% “The first quarter showed a continued very good performance for ASSA ABLOY, with an increase in sales of 13% and an improvement of a full 12% in operating inc...
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