"It is with great satisfaction that I can report that the fourth quarter set new records in both sales and earnings," says Johan Molin, President and CEO.
“Looking forward into 2012, continued good growth on the emerging markets is expected, but at a lower level than last year. On the mature markets a stable development is expected with an unchanged or slightly positive sales trend. The underlying business cycle continues to be affected by the uncertainty on the financial markets and budget restrictions in many countries, which primarily impacts the market segments that are dependent on public financing."
The EMEA market situation improved to some extent during the quarter with growth in Scandinavia, Finland, Germany, the UK and Eastern Europe. Sales in France and Belgium were stable while the trend in southern Europe, mainly Spain and Italy, was negative. Acquired growth amounted to 5 per cent.
27/02/2012
A strong quarter for Assa Abloy
Assa Abloy increased sales during the fourth quarter of 2011 by a full 22 per cent, including 4 per cent organic growth, and totaled 1 292 million euro (1 061). For the full year, sales increased by 13 per cent, including 4 per cent organic growth, and totaled 4 596 million euro (4 051).
Global
