Q3 2017

A summary of the main highlights for the third quarter 2017.

  • Net sales increased by 3% to SEK 18,499 M (18,025), with organic growth of 3% (2) and acquired growth of 2% (2)
  • Strong growth was shown by Global Technologies and good growth by EMEA, Americas, Entrance Systems and Asia Pacific, despite weak China
  • Contracts have been signed for the acquisition of five companies with expected combined annual sales of about SEK 1,200 M
  • Global Technologies’ project business, AdvanIDe, has been sold. The business had annual sales of about SEK 1,250 M
  • Operating income (EBIT) increased by 2% to SEK 3,080 M (3,020). The operating margin was 16.7% (16.8)•
  • Net income amounted to SEK 2,153 M (2,122)
  • Earnings per share increased by 1% to SEK 1.94 (1.91)
  • Operating cash flow decreased by 6% to SEK 2,654 M (2,830)
  • President and CEO Johan Molin is considering leaving ASSA ABLOY during 2018