Stable progress for ASSA ABLOY during the quarter
Abloy's parent company ASSA ABLOY published its Q3/2016 report today.
"The third quarter of the year showed satisfactory growth for ASSA ABLOY generally, with the exception of Asia Pacific," says Johan Molin, President and CEO. "In general the mature markets made good progress while the growth markets continued to show subdued demand, apart from Latin America and India." - -
“My judgment is that the global economic trend remains weak, but with a positive trend in America and parts of Europe. Elsewhere, many of the emerging markets are stagnating. However, our strategy of expanding on the emerging markets remains unchanged, since in the long term they are expected to achieve very good economic growth. We are also continuing our investmentsin new products, especially in the growth area of electromechanics.”
Read the full report on www.assaabloy.com.