Annual Report 2003

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Download the ASSA ABLOY Annual Report 2003 as a PDF or order a printed copy via the link to the right.

Key figures & events

  • In March 2003 Bo Dankis became the new President and CEO
  • The Executive Team has been reduced from 17 people to seven
  • The ASSA ABLOY Group has been organized into four major divisions: EMEA, Americas, Asia Pacific and Global Technologies
  • A two-year action program ‘Leverage and Growth’ has been launchedto leverage the Group’s strength and build a foundation for long-term growth. Restructuring costs related to the action program amount to SEK 1,320 M
  • Sales amounted to SEK 24,080 M (25,397) and were affected by negative exchange-rate effects of SEK 2,660 M
  • Income before tax but excluding restructuring costs amounted toSEK 1,903 M (2,015)
  • Earnings per share excluding restructuring costs amounted to SEK 3.31 (3.53)
  • Operating cash flow amounted to SEK 3,265 M (3,525)