Q4 2017

A summary of the main highlights for the fourth quarter and the full year 2017.

Fourth quarter

  • Net sales increased by 3% to SEK 20,109 M (19,484), with organic growth of 5% (1) and acquired net growth of 3% (2)
  • Strong growth has been exhibited by Global Technologies and EMEA and good growth by Americas, Entrance Systems and Asia Pacific
  • Contracts have been signed for the acquisition of two companies with combined expected annual sales of about SEK 400 M
  • Operating income1) (EBIT) was SEK 3,359 M (2,913), corresponding to an operating margin of 16.7% (15.0)
  • Net income1) amounted to SEK 2,385 M (2,088)
  • Earnings per share1) amounted to SEK 2.15 (1.88)
  • Operating cash flow remained strong and amounted to SEK 4,876 M (4,620)
  • Nico Delvaux has been appointed as the new President and CEO of ASSA ABLOY with effect from 15 March 2018
  • The Board of Directors proposes a dividend of SEK 3.30 (3.00) per share for 2017.

Full year

The Group’s sales for the full year 2017 increased by 7% to SEK 76,137 M (71,293). Organic growth was 4% (2). Acquisitions and divestments contributed 2% (3), of which 3% (4) came from acquisitions and -1% (-1) from divestments. Exchange-rate effects affected sales by 1% (0).

The Group’s operating income, EBIT, excluding restructuring costs, amounted to SEK 12,341 M (11,254), which was an increase of 10% compared with last year. The corresponding EBIT operating margin was 16.2% (15.8).

Operating income before amortizations from acquisitions, EBITA, excluding restructuring costs, amounted to SEK 12,584 M (11,450). The corresponding EBITA margin, excluding restructuring costs, was 16.5% (16.1).

Earnings per share, excluding restructuring costs, amounted to SEK 7.77 (7.09), an increase of 10% compared with last year. Operating cash flow totaled SEK 10,929 M (10,467), an increase of 4%.