Annual Report 2007

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The Annual Report 2007 is available for download as pdf and printed copies for order.

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Annual report 2007

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Extract from the CEO statement

Focus on growth and innovation

ASSA ABLOY’s strong growth is based on long-term structural growth in demand on our most important markets in Europe and North America; rising demand on new markets; and progress in fast-growing segments such as electromechanical locks, access control, secure issuance of smart cards, automatic doors and identification technology.

 During the year, the Group acquired 17 companies with annualized sales of about SEK 1,800 M. These acquisitions complemented ASSA ABLOY’s product offering, brought in new technology and expanded the Group’s geographical reach. All five divisions acquired new units. Some of the larger acquisitions included Baodean in China, iRevo in Korea, Aontec in Ireland, Powershield in Northern Ireland, Pemko in North America and Pyropanel in Australia.

Acquisitions will continue to be a key part of ASSA ABLOY’s growth strategy, with the goal of adding another 5 percent annually.

Johan Molin, President and CEO

Key figures and events

  • Sales rose to SEK 33,550 M (31,137), with organic growth of 7 percent.
  • Operating income (EBIT) amounted to SEK 5,458 (4,7712), an increase of 14 percent.
  • Earnings per share were SEK 9.02 (7.992).
  • Operating cash flow amounted to SEK 4,808 M (3,528).
  • The three-year restructuring program for the Group’s production units continued during the year with great success.
  • 17 companies were acquired during the year, with annualized sales of about SEK 1,800 M.
    The major acquisitions included Baodean (China), iRevo (Korea), Aontec (Ireland), Powershield (UK), Pemko (North America) and Pyropanel (Australia).
  • The Group continued its increased investment in product development and joint product platforms during the year.