A good start to the year for ASSA ABLOY
First quarter · Net sales amounted to SEK 15,891 M (15,252), an increase of 4%, of which 3% (5) was organic growth and 3% (3) was acquired growth. · Strong growth in Americas and good growth in EMEA and Entrance Systems. · Growth in Global Technologies and continued negative growth in Asia Pacific because of China. · Contracts have been signed for the acquisition of three companies with combined expected annual sales of about SEK 750 M. A contract has also been signed for the divestment of the Group’s Car Locks business, which has annual sales of about SEK 550 M. ·