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Warm Congratulations to ASSA ABLOY on Sales of 2014 Exceeding SEK 56.8 Billion 2015-3-19

 

ASSA ABLOY Announced the Sales of the Fourth Quarter and the Full Year of 2014

Active Acquisition, Continuous Increase and Annual Sales Increased by 17% Over Levels of a Year Ago

 

 

ASSA ABLOY, the global leader in door opening solutions, announced the continuous good sales of the fourth quarter 2014 in Beijing on March 10,2015. The sales is increased by 20% and operation revenue is increased by 22%. The sales of full 2014 exceeds SEK 56.8 billion (about RMB 50.7 billion), increased by 17% over levels of a year ago, providing a delightful end to the full year.

 

During the fourth quarter, ASSA ABLOY net sales reaches SEK 15.8 billion (about RMB 14.1 billion), increased by 20% compared to the fourth quarter of 2013. Meanwhile, the 22% increase of operation revenue is also satisfying, and this achievement mainly comes from the cost saving and benefit management of the administration department and production department, the strong revenue from the new acquired companies, and exchange gains etc stimulus element.

ASSA ABLOY accelerates its increase in the fourth quarter, fulfilled a number of acquisitions in emerging market. Among of them, the acquisition of Digi Electronic Lock Co.,Ltd in China and three acquisitions in south America are well coordinated with the increase strategy of ASSA ABLOY. In 2014, ASSA ABLOY fulfilled 20 acquisitions in total, bringing a sales increase of 5% in total.

 

“Our strategy to push forward and extend the emerging market is always the same from first to last, while in the long run, it will bring great economic growth to the group”, said by Johan Molin, president of ASSA ABLOY, “Meanwhile, we are dedicated to investing in development of new products, especially electromechanical locks, the important growth area.”

 

In Asia - Pacific region, Southeast Asia, Korea, Australia and New Zealand, it shows strong increase. The sales of fourth quarter 2014 is SEK 2.3 billion (about RMB 2 billion), 8% of which is contributed by acquisition increase.

 

In acquisition aspect, Jiawei(China), Digi(China), ENOX(India) and the rest seven small acquisitions are finished in this quarter. Looking forward to the future, ASSA ABLOY estimates the market demand will be mainly in security equipment. ASSA ABLOY will take the user value and innovation as the development focus. Furthermore, with the market leadership formed in many years ago, it will accelerate the increase and profit and keep good development trend.

 

About ASSA ABLOY  

ASSA ABLOY is the global leader in door opening solutions, dedicated to satisfying end-user needs for security, safety and convenience. ASSA ABLOY was formed in 1994. Since then ASSA ABLOY has grown from a regional company to an international group with around 44,000 employees and annual sales close to SEK 57 billion(about RMB 51 billion). The supplied products are developed from Mechanical locks to intelligent door opening solutions, covering the whole door access control products including locks, security door, access control system, etc. ASSA ABLOY operates business in more than 70 countries, including some world famous brands, eg. ASSA and BESAM in Sweden, ABLOY in Finland, VINGCARD in Norway, IKON and Eff-Eff in Germany, SARGENT , HID and Yale in USA, BACHETTE and JPM in France, etc. ASSA ABLOY has about 12,000 employees and lots of famous brands of commercial and residential doors and windows, hardware and security products in China district, eg. Yale, GULI, TIANMING, GUOQIANG, PANPAN etc.