Technology | 2015.10.20
Another Strong Quarter for ASSA ABLOY
STOCKHOLM--(BUSINESS WIRE)--Regulatory News: Sales increased by 19% and totaled SEK 17,465 M (14,727). Organic growth was 3% (4). Strong growth in Americas, Entrance Systems and EMEA and a flat development in Global Technologies. Negative growth in Asia Pacific due to weak demand in China. Nergeco in France and two other small businesses were acquired during the quarter, with expected annual sales in 2015 of about SEK 400 M. Operating income (EBIT) for the quarter increased by 19% to SEK 2,970
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