18 Nov 2010
In connection with ASSA ABLOY's Capital Markets
Day on 18 November Johan Molin, President and CEO, reconfirmed that
the financial targets set in 2008 remains unchanged.
The overall financial targets are to achieve an
average growth of 10 percent annually by a combination of organic
and acquired growth and an operating margin (EBIT) of 16-17
percent. The targets are long term and should be seen as an average
over a business cycle.
The long-term outlook remains unchanged compared
to the last published in the quarterly report on 27 October *).
*) Long term outlook published October 27, 2010
Long term, ASSA ABLOY expects an
increase in security-driven demand. Focus on end-user value and
innovation as well as leverage on ASSA ABLOY's strong position will
accelerate growth and increase profitability.
Organic sales growth is expected
to continue at a good rate. The operating margin (EBIT) and
operating cash flow are expected to develop well.
For more information, please contact:
Johan Molin, President and CEO, tel no: +46 8 506 485
Tomas Eliasson, CFO and Executive Vice President, tel no: +46 8 506
ASSA ABLOY may be required to disclose the information provided
herein pursuant to the Securities Markets Act. The information was
submitted for publication at 12:00 CET on 18 November.
English (United States)
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