Annual report 2001

The Annual Report 2001 is available as an online version, a pdf and printed copies for order.

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ASSA ABLOY Annual report 2001

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Extract from the CEO statement

Huge increase in sales and integration process

2001 has been our most interesting and challenging year so far. Sales increased by 56 percent, and our participation in the Volvo Ocean Race has proved to be an extremely important and successful tool in the work of integrating 30 new companies and their 12,000 employees. As we follow our boat around the world we are making sure in local management meetings that our common way of working is understood, accepted and quickly implemented.

This also gives us a chance to inform our business partners about our ideas for the future, and we can make people around the world understand that behind each famous local brand there is a strong global leader.

Carl-Henric Svanberg, president and CEO

Key figures & events

  • Sales increased by 56 percent to SEK 22,510 M (14,394).
  • Organic growth for comparable units was 3 percent.
  • Income before tax increased by 17 percent to SEK 1,642 M* (1,402).
  • Earnings per share (EPS) increased by 9 percent to SEK 2.98* (2.73).
  • Earnings per share before goodwill amortization increased by 39 percent to SEK 5.39* (3.88).
  • Operating cash flow amounted to SEK 2,338 M (1,756).
  • Successful integration of 30 new companies with 12,000 employees