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Financials in brief 2017
- Sales increased by 7 percent to SEK 76,137 M (71,293) driven by continued strong growth for electromechnical products.
- 16 acquisitions were completed during the year, contributing to net acquired growth of 2 percent.
- Continued good earnings and strong cash flow achieved during the year. Operating margin excluding items affecting comparability was 16.2 percent (15.8).
- Investments in product development continued at a high pace and a number of new products were launched.
Extract from the CEO statement
Innovation and product development drive growth
"2017 was once again a good year for ASSA ABLOY. Sales increased and totalled SEK 76,137 million.Organic growth increased to 4 percent, with continued strong growth for our electromechanical solutions.
We strengthened our market leadership, partly because of rapid innovation in electromechanical, digital and sustainable door opening solutions, and partly through the acquisition of 16 companies.
Operating income increased 10 percent to SEK 12,341 million, supported by higher sales and good cost control. Operating margin improved to 16.2 percent, in line with our target."
Johan Molin, President and CEO of ASSA ABLOY