Annual Report 2006 /Global/Investors/Annual-Report/2006/Field_mountain_AnnualReport.jpg The Annual Report 2006 is available as an online version, a pdf and printed copies for order. View digital report Annual report 2006 web version Download PDF Download Annual Report 2006 Order printed copies Send an e-mail to our corporate communications department Extract from CEO statement A Group with good prospects ahead I am delighted to report that 2006 was a very good year for ASSA ABLOY, with the highest organic growth in the company’s history and a strong improvement in profitability. A number of complementary acquisitions have contributed an additional 3 percent to sales, which totaled SEK 31,137 M, an increase of 12 percent compared with 2005. Operating income excluding restructuring costs increased by 17 percent and totaled SEK 4,771 M (4,078). Johan Molin, President and CEO Key figures and events Sales increased to SEK 31,137 M (27,802), with 9 percent organic growth. Operating income (EBIT) excluding restructuring costs amounted to SEK 4,771 M (4,078), an increase of 17 percent. Earnings per share excluding restructuring costs amounted to SEK 7.99 (6.97). Operating cash flow amounted to SEK 3,528 M (3,702). A three-year restructuring program to realize synergies in the Groups production was initiated during the year. Savings are expected to amount to SEK 600 M a year from 2009. The pace of acquisition increased this year. Acquisitions included Fargo Electronics, which is a world leader in the fast-growing segment of secure issuance of cards.