29 Mar 2011

Besam's parent company releases 2010 Annual Report

ASSA ABLOY's 2010 Annual Report is now available for download as a pdf file.

Here are few details from the  full report which is available at assaabloy.com. An online version will be accessible from the site in April.

Important events during the year 2010

    * Sales rose 5 percent to SEK 36,823 m (34,963).
    * Operating income amounted to SEK 6,046 m (5,413).
    * Earnings per share after full dilution amounted to SEK 10.89 (9.22).
    * Operating cash flow amounted to SEK 6,285 m (6,843)
    * Investments in product development accelerated and a large number of new products were launched.
    * A scalable infrastructure for secure delivery of mobile keys was launched during the year.
    * Acquisition of Pan Pan which is China’s largest manufacturer of high security steel doors. Other large acquisitions where King Door Closers, South Korea, Paddock, United Kingdom and ActivIdentity, USA.
    * Signed an agreement to acquire Cardo, a leading Swedish industrial door company.