10 Feb 2012

ASSA ABLOY: A strong quarter with record sales and earnings

Abloy's parent company published its year-end report on 10 February 2012.

"It is with great satisfaction that I can report that the fourth quarter set new records in both sales and earnings," says Johan Molin, President and CEO. "Sales increased by a full 22%, while operating income increased by 17%. It was particularly pleasing that the Group's increasing exposure on the emerging markets meant that total organic growth amounted to a good 4% despite a weak demand on the mature markets.


"A number of innovative new products in both the mechanical and electromechanical areas were launched during the year, and the share of sales coming from new products rose to over 20%, almost a doubling compared to earlier figures."

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 10 Feb 2012

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