United Kingdom

Assa Abloy Q3 EBIT, organic growth match expectations

Friday, 20 Oct 2017 

Oct 20 (Reuters) - Assa Abloy Ab :Organic growth in all divisions for assa abloy.Assa abloy ab q3 ‍operating income (ebit) increased by 2% to sek 3,080 m​.Q3 ‍net sales increased by 3% to sek 18,499 m (18,025), with organic growth of 3%​.Assa abloy ab q3 ‍strong growth was shown by global technologies and good growth by emea, americas, entrance systems and asia pacific, despite weak china​.Assa abloy ab q3 ‍china remains challenging and our sales continued to decline​.Reuters poll: assa abloy q3 organic growth was seen at 3.3 percent, ebit at sek 3,125 million, adjusted ebit at 3,125 million.Assa abloy ab says ‍global economic trend has improved to some degree compared with last year. On most markets there is a positive trend, but on some markets, such as china and brazil, demand remains weak​.Assa abloy ab says ‍in general , demand continues to be good. In europe we saw a strong sales trend in areas including eastern europe, southern europe and france in q3​.