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.