Annual report 2005


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Extract from the CEO statement

Great potential through continuous improvements

On 1 December 2005 I took on the position of President and CEO of ASSA ABLOY. During my first few months I have concentrated on visiting as many Group companies as possible. My first assessment is that the Group has great potential for the future, with experienced staff and a good position in the market.

Johan Molin, President and CEO

Key figures & events

  • Sales increased to SEK 27,802 M (25,526), with 5 percent organic growth.
  • Operating income (EBIT) amounted to SEK 4,078 M (3,683), an increase of 11 percent.
  • Earnings per share after tax and dilution amounted to SEK 6.97 (6.33), an increase of 10 percent.
  • Operating cash flow increased to SEK 3,702 M (3,439).
  • Johan Molin was appointed as the new President and CEO on 1 December 2005.