28 Oct 2011

ASSA ABLOY: Good performance on a weak market

Abloy's parent company published its quarterly report on 28 October 2011.

COMMENTS BY THE PRESIDENT AND CEO
"Our strong growth continued during the quarter and reached a good 20% in local currencies," says Johan Molin, President and CEO. "However, organic growth continued to weaken and reached 2% due to a weakening business cycle. It was pleasing that Asia continued to show strong growth and that Europe and Africa showed some improvement at the same time as North America, South America and Australia continued to weaken."

Read the rest of the comments and the complete press release on www.assaabloy.com

 

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Abloy is one of the leading manufacturers of locks, locking systems and architectural hardware and the world’s leading developer of products in the field of electromechanical locking technology.

ASSA ABLOY is the global leader in door opening solutions, dedicated to satisfying end-user needs for security, safety and convenience. The Group has 41,000 employees and annual sales of EUR 4.6 billion.

Published 28 Oct 2011

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