A good start to the year for ASSA ABLOY
Abloy's parent company published its quarterly report on 27 April 2016.
Comments by the President and CEO
“The first quarter of the year showed stable demand for ASSA ABLOY, with increased sales of 4% during the quarter,” says Johan Molin, President and CEO. “The operating income increased in line with sales and also improved by 4%.
“Organic growth was good, with a 3% increase for the quarter despite the negative effect of Easter falling in the first quarter this year. The strong sales trend on the US market continued, while Europe and Entrance Systems showed good growth. Sales by Global Technologies were weakly positive, but the downward trend in Asia Pacific continued because of the market situation in China. The emerging markets also remained weak, but with a few bright spots that included eastern Europe and Latin America.
Read the full report on www.assaabloy.com