Year-end report 2014

A summary of the main highlights for the fourth quarter and the full year 2014.

A strong finish to the year

Fourth quarter

  • Sales increased by 20% in the quarter, with 3% organic growth, and totaled SEK 15,847 M (13,242).
  • Strong growth in Americas, Global Technologies and Entrance Systems.
  • A stable development in EMEA and negative growth in Asia Pacific.
  • Ten acquisitions made during the quarter, including Digi Electronic Lock (China) and Silvana (Brazil), with expected annual sales totaling SEK 1,400 M.
  • Operating income (EBIT) amounted to SEK 2,681 M (2,2021)), an increase of 22%. The operating margin was 16.9% (16.61)).
  • Net income amounted to SEK 1,889 M (1,5102)).
  • Earnings per share rose by 25% to SEK 5,10 (4.082)).
  • Operating cash flow increased by 37% to SEK 3,469 M (2,541).

Full year

  • Sales increased by 17%, including 3% organic growth, and totaled SEK 56,843 M (48,481).
  • 20 acquisitions made with expected annual sales totaling SEK 2,600 M.
  • Operating income (EBIT) amounted to SEK 9,257 M (7,9231)), representing an increase of 17%. The operating margin was 16.3% (16.31)).
  • Net income amounted to SEK 6,436 M (5,4962)).
  • Earnings per share rose by 17% and amounted to SEK 17.38 (14.842)).
  • Operating cash flow increased by 21% to SEK 8,238 M (6,803).
  • The Board of Directors proposes a dividend of SEK 6.50 per share (5.70).
  • The Board of Directors proposes a stock split of 3:1.