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).