Annual Report 1997 Download the ASSA ABLOY Annual Report 1997 as a PDF or order a printed copy via the link to the right. Key figures & events Result after financial income and expense was SEK 537 M (345), corresponding to an increase of 55%. Sales for the year totaled SEK 6,968 M (4,958), representing an increase of 41%. Organic growth was 8.2% (7.6). Cash flow after tax amounted to SEK 841 M (469) Vachette Group with the Belgian company Litto and JPM Chauvat were acquired during the spring of 1997, providing a leading position in France and Belgium. FAB, the leading lock company in the Czech Republic, was acquired in summer 1997. In July 1997, VingCard acquired Elsafe, the world’s leading supplier of digital safes for hotel rooms. A new issue to ASSA ABLOY’s shareholders amounting to SEK 642 M was implemented as part of the financing of the acquisitions. A new five-year loan facility totaling USD 500 M was signed in June with a syndicate comprising 14 international banks. A convertible debenture loan amounting to SEK 250 M was issued to employees within the ASSA ABLOY Group during autumn 1997. A total of 1,400 persons subscribed.