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    Breaking News

    ASSA ABLOY Reports Strong Sales Growth in 2018

    Net sales increased by 15% to $2.55 billion, with organic growth of 6% and acquired net growth of 3%.

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    • Identiv Showcases Hirsch, 3VR, New Community of Security Solution Partners at GSX 2018
    • ASSA ABLOY Acquires Crossmatch
    • ASSA ABLOY Appoints Erik Pieder CFO
    • Grand View Research: 3D Printing Market Size to Expand at CAGR Exceeding 16.5% from 2018-2025
    02.06.19
    ASSA ABLOY announced its first quarter results for 2019. Net sales increased by 15% to SEK 23,167 million ($2.55 billion), with organic growth of 6% and acquired net growth of 3%. For full year 2018, the company reported sales of SEK 84,048 million ($9.25 billion), up 10% from 2017. The company noted strong sales growth in Americas and Asia Pacific, as well as strong growth for Global Technologies, good growth in EMEA and growth in Entrance Systems.
     
    Five acquisitions have been signed with combined expected annual sales of about SEK 800 million ($88 million). A new manufacturing footprint program was launched at year-end. The total estimated cost amounts to around SEK 1,500 million ($165 million) with a pay-back time of less than three years.
    Operating income (EBIT) amounted to SEK 3,746 million ($412 million), with an operating margin of 16.2%, down slightly from last year’s 16.7%. Operating cash flow amounted to SEK 4,923 million ($540 million), up 1%; for the full year, operating cash flow was SEK 11,357 million ($1.25 billion).
     
    “In the fourth quarter our organic growth accelerated to 6%, resulting in a strong organic sales growth of 5% for the full year,” Nico Delvaux, president and CEO of ASSA ABLOY, reported. “Acquired net growth was 3% during the quarter (2% for the full year). All divisions reported organic growth. The organic growth was very strong in Americas (14%) and Asia Pacific (11%), strong in Global Technologies (8%), while EMEA and Entrance Systems grew by 3% and 2% respectively.
     
    Operating income for the quarter increased by 12% year-on-year to SEK 3,746 million ($412 million), corresponding to an operating margin of 16.2%. Even with actions to balance the seasonal variations, cash flow came in strong at SEK 4,923 M, up 1% year-on-year,” Delvaux added.
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    Related Breaking News

    • Breaking News | Mergers and Acquisitions | RFID and NFC
      ASSA ABLOY Acquires US-Based KEYper Systems

      ASSA ABLOY Acquires US-Based KEYper Systems

      KEYper Systems is a leading supplier of electronic and mechanical key management systems in the US.
      01.17.19

    • Breaking News | Mergers and Acquisitions | RFID and NFC
      ASSA ABLOY Acquires Luxer One

      ASSA ABLOY Acquires Luxer One

      Luxer One's sales for 2018 are expected to reach about US$37 million.
      12.21.18

    • Breaking News | Financial News | RFID and NFC

      ASSA ABLOY Reports Strong Organic Sales Growth in 3Q 2018

      Net sales increased by 15% to $2.36 billion, with organic growth of 5% and acquired net growth of 2%.
      10.23.18


    • Breaking News | Personnel | RFID and NFC
      ASSA ABLOY Appoints Erik Pieder CFO

      ASSA ABLOY Appoints Erik Pieder CFO

      Pieder is currently VP business control, Atlas Copco Compressor Technique.
      10.01.18

    • Breaking News | Mergers and Acquisitions | RFID and NFC
      ASSA ABLOY Acquires Crossmatch

      ASSA ABLOY Acquires Crossmatch

      Sales for 2018 are expected to reach $125 million (approx. SEK 1,150 million).
      09.25.18

    • Breaking News | RFID and NFC

      Identiv Showcases Hirsch, 3VR, New Community of Security Solution Partners at GSX 2018

      GSX 2018 will be held Sept. 23-27, 2018 at the Las Vegas Convention Center.
      09.21.18


    • Breaking News | RFID and NFC
      ASSA ABLOY Establishes Commercial Excellence Team

      ASSA ABLOY Establishes Commercial Excellence Team

      Troy Jackson, VP for commercial excellence in Asia Pacific, leads the Hong Kong-based team.
      08.09.18

    • Breaking News | Financial News | RFID and NFC

      ASSA ABLOY Reports Strong 2Q 2018

      Net sales increased by 9% to $2.4 billion, with organic growth of 5% and acquired net growth of 2%.
      07.19.18

    • Breaking News | Financial News | RFID and NFC

      ASSA ABLOY Reports One-Off Costs in Second Quarter Earnings

      Costs are related to its Chinese operations in the Asia Pacific Division.
      07.09.18


    • Breaking News | Mergers and Acquisitions | RFID and NFC

      ASSA ABLOY Acquires Door Systems in the US

      Sales for 2018 are expected to reach about $27 million.
      07.04.18

    • Breaking News | Personnel | RFID and NFC

      Changes in ASSA ABLOY’s Group Management

      Carolina Dybeck Happe, CFO and EVP, is leaving at the end of December 2018.
      06.21.18

    • Breaking News | RFID and NFC

      ASSA ABLOY Helps Enable Contactless Student IDs in Apple Wallet

      Students and faculty will have an easier way to open doors and make payments on and around campus.
      06.14.18

    • Breaking News | RFID and NFC

      Identiv Announces Wireless High-Security Access Control with Hirsch Velocity, ASSA ABLOY

      Increases security quickly, easily and affordably.
      06.14.18

    • Breaking News | Mergers and Acquisitions | RFID and NFC

      ASSA ABLOY Acquires HKC in Ireland

      HKC is a leading manufacturer of alarms and cloud-based monitoring solutions.
      06.11.18

    • Breaking News | RFID and NFC

      ASSA ABLOY Recognized by Forbes for Innovation

      This is the fourth time that ASSA ABLOY has been in Forbes’ innovation top 100.
      06.01.18

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