"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."

Sales for the quarter in Americas division totaled 312 million dollars (321), with organic growth of 0 per cent (6). New construction in the institutional segment was more stable than earlier in the year and the sales trends for high-security products and electromechanics were good. Sales on the Residential market showed good growth. At the same time the trends for Security Doors and Latin America were weak. Acquired growth was less than 1 per cent.