Assa Abloy unlocks potential of emerging markets
SECURITY products group Assa Abloy has delivered a strong set of results showing an increase in sales and income.
The firm – whose UK base is in Willenhall – saw sales increase by 19% in the first half of 2012 compared to the same period last year. Income before tax was up 18%.
Assa Abloy says it has experienced stable but weak development in Europe, while the emerging markets showed improved performance.
President and CEO Johan Molin said: “I am very pleased that Assa Abloy’s good performance continued during the second quarter of the year, with growth of a full 14% and a strong improvement in earnings,”
“It was particularly pleasing that sales in America improved and that the good growth at global technologies continued. Our investments in emerging markets are also giving results, in the form of good organic growth of a full 9% in the region. However, in Europe the situation weakened further, with sales at an unchanged level.
” Sales of new products are going exceptionally well and accounted for a full 22% of the quarter’s total sales. Examples of exciting new products include a new high-technology printer for the e-government sector, security doors for the social housing sector in China, and a completely new series of advanced automatic door openers from Besam.”
