Organic growth in all divisions for ASSA ABLOY
Third quarter · Net sales increased by 3% to SEK 18,499 M (18,025), with organic growth of 3% (2) and acquired growth of 2% (2) · Strong growth was shown by Global Technologies and good growth by EMEA, Americas, Entrance Systems and Asia Pacific, despite weak China · Contracts have been signed for the acquisition of five companies with expected combined annual sales of about SEK 1,200 M · Global Technologies’ project business, AdvanIDe, has been sold. The business had annual sales of about SEK 1,250 M · Operating income (EBIT) increased by 2% to SEK 3,080 M (3,020). The