A strong end to the year for ASSA ABLOY
Fourth quarter · Net sales increased by 15% in the quarter to SEK 18,301 M (15,847). Organic growth was 5% (3). · Strong growth in Americas, Global Technologies, Entrance Systems and EMEA. · Negative growth in Asia Pacific due to continued weak demand in China. · Agreements have been signed for the acquisition of six companies, including CEDES in Switzerland, with combined expected annual sales of about SEK 1,100 M. · Operating income (EBIT) for the quarter increased by 13% to SEK 3,038 M (2,681). The operating margin was 16.6% (16.9). · Net income amounted to SEK 2,120