Q1 1 January-31 March 2014

A summary of the main highlights for the first quarter of 2014.

Continued good progress for ASSA ABLOY

  • Sales increased by 13% in the quarter, with 4% organic growth, and totaled SEK 12,305 M (10,868).
  • Strong growth in EMEA and good growth in Entrance Systems.
  • Global Technologies, Asia Pacific and Americas showed growth.
  • Four minor acquisitions made this year, with expected annual sales totaling about SEK 400 M.
  • Operating income (EBIT) amounted to SEK 1,857 M (1,662). The operating margin was 15.1% (15.3).
  • Net income amounted to SEK 1,264 M (1,138).
  • Earnings per share rose by 11% to SEK 3.41 (3.07).
  • Cash flow was normal for the season and amounted to SEK 557 M (498).