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Company reports strong growth for Global Technologies and Americas.
October 24, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY reported stable progress during the third quarter of 2016. Third quarter sales totaled SEK 18,025 million ($2.017 billion), 2% organic growth and 2% acquired growth. The company noted strong growth for Global Technologies and Americas, good growth for Entrance Systems and growth for EMEA, while suffering negative growth for Asia Pacific due to weak demand in China. Operating income (EBIT) was SEK 3,020 million ($338 million). The operating margin was 16.8%. Operating cash flow inc...
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