Year-end report 2015

A summary of the main highlights for the fourth quarter and the full year 2015.

A strong end to the year for ASSA ABLOY

Fourth quarter

  • Net sales increased by 15% in the quarter to SEK 18,301 M (15,847). Organic growth was 5% (3).
  • Strong growth in Americas, Global Technologies, Entrance Systems and EMEA.
  • Negative growth in Asia Pacific due to continued weak demand in China.
  • Agreements have been signed for the acquisition of six companies, including CEDES in Switzerland, with combined expected annual sales of about SEK 1,100 M.
  • Operating income (EBIT) for the quarter increased by 13% to SEK 3,038 M (2,681). The operating margin was 16.6% (16.9).
  • Net income amounted to SEK 2,120 M (1,889).
  • Earnings per share rose by 12% and amounted to SEK 1.91 (1.70).
  • Operating cash flow increased by 33% to SEK 4,625 M (3,469).

Full year

  • Net sales increased by 20% to SEK 68,099 M (56,843). Organic growth was 4% (3).
  • 16 acquisitions with total annual sales of about SEK 2,500 M have been consolidated
  • Operating income (EBIT) increased by 20% to SEK 11,079 M (9,257). The operating margin was 16.3% (16.3).
  • Net income amounted to SEK 7,693 M (6,436).
  • Earnings per share rose by 20% to SEK 6.93 (5.79).
  • Operating cash flow increased by 21% to SEK 9,952 M (8,238).
  • The Board of Directors proposes a dividend of SEK 2.65 per share (2.17).