Year-end report 2013

Strong end of year for ASSA ABLOY

Fourth quarter

  • Sales increased by 8% in the quarter, with 4% organic growth, and totaled SEK 13,242 M (12,239).
  • Strong growth in Global Technologies and Americas divisions and good growth in Asia Pacific and Entrance Systems.
  • EMEA division stabilized and showed weak growth.
  • Acquisitions of Amarr (USA), Ameristar (USA) and Mercor (Poland) with expected annual sales totaling SEK 3,600 M.
  • Restructuring program costed at SEK 1,000 M.
  • Operating income (EBIT) amounted to SEK 2,202* M (2,030), an increase of 8%. The operating margin was 16.6%* (16.6).
  • Net income amounted to SEK 1,510** M (1,405).
  • Earnings per share rose by 8% to SEK 4.08** (3.79).
  • Strong operating cash flow amounting to SEK 2,541 M (3,160).

Full year

  • Sales increased by 4%, including 2% organic growth, and totaled SEK 48,481 M (46,619).
  • Operating income (EBIT) amounted to SEK 7,923* M (7,501), representing an increase of 6%. The operating margin was 16.3%* (16.1).
  • Net income amounted to SEK 5,4962 M (5,172).
  • Earnings per share rose by 6% to SEK 14.84** (13.97).
  • Strong operating cash flow totaling SEK 6,803 M (7,044).
  • The Board of Directors proposes a dividend of SEK 5.70 per share (5.10).

* Excluding items affecting comparability in 2013 amounting to SEK -1,000 M for both the quarter and the full year.
** Excluding items affecting comparability in 2013 after tax to SEK -721 M for both the quarter and the full year.