STOCKHOLM, Sweden, Nov. 7, 2002 (PRIMEZONE) -- ASSA ABLOY (Other OTC:ASAZF) (Stockholm:ASSAb):
- Sales increased by 13%, with 3% organic growth
- Income before tax increased by 28% as a result of ongoing
improvements and increased Group coordination
- Operating margin (EBITA), including Besam increased to 14.5%, a
rise of 0.9% over the second quarter
- Strong operating cash flow, SEK 1,002 M, 191% of income, from
successful capital rationalization
- Acquisition of Poli, the market leader in Chile, strengthens
leading position in South America
Financial information:
Year-end Report for 2002: 6 February 2003
Annual Report for 2002: March 2003
Further information can be obtained from:
Carl-Henric Svanberg, President and CEO
tel: +46 8 506 485 52 or +46 70 510 05 51
Goran Jansson, Chief Financial Officer
tel: +46 8 506 485 72 or +46 70 698 85 72
Information about the analysts' meeting, web and telephone conference later today can be found on ASSA ABLOY's website, www.assaabloy.com
The ASSA ABLOY Group is the world's leading manufacturer and supplier of locking solutions dedicated to satisfying end-user needs for security, safety and convenience. The Group has about 30,000 employees and annual sales of approximately EUR 3 billion.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
www.waymaker.net/bitonline/2002/11/07/20021107BIT00260/wkr0001.doc The full report www.waymaker.net/bitonline/2002/11/07/20021107BIT00260/wkr0002.pdf The full report