21 Apr 2010

ASSA ABLOY: Improved market and higher profitability

Abloy's parent company published its quarterly report on 21 April 2010.

"The first quarter of 2010 showed that we have passed the bottom of the economic cycle," said Johan Molin, President and CEO. "All markets stabilized. It was particularly pleasing that EMEA showed growth for the first time since 2008, driven primarily by increased demand on the private housing market, and that Asia Pacific continued its strong growth. However, the strong downturn on the North American new-construction market persisted, although at the same time signs of an upturn in North America were evident with the renovation market that started to grow.

Read the complete press release on www.assaabloy.com