ASSA ABLOY: Financial targets and outlook
(Thomson Reuters ONE) -
In connection with ASSA ABLOY's Capital Markets Day on 18 November Johan Molin,
President and CEO, reconfirmed that the financial targets set in 2008 remains
unchanged.
The overall financial targets are to achieve an average growth of 10 percent
annually by a combination of organic and acquired growth and an operating margin
(EBIT) of 16-17 percent. The targets are long term and should be seen as an
average over a business cycle.
The long-term outlook remains unchanged compared to the last published in the
quarterly report on 27 October *).
*) Long term outlook published October 27, 2010
Long term, ASSA ABLOY expects an increase in security-driven demand. Focus on
end-user value and innovation as well as leverage on ASSA ABLOY's strong
position will accelerate growth and increase profitability.
Organic sales growth is expected to continue at a good rate. The operating
margin (EBIT) and operating cash flow are expected to develop well.
For more information, please contact:
Johan Molin, President and CEO, tel no: +46 8 506 485 42
Tomas Eliasson, CFO and Executive Vice President, tel no: +46 8 506 485 72
ASSA ABLOY may be required to disclose the information provided herein pursuant
to the Securities Markets Act. The information was submitted for publication at
12:00 CET on 18 November.
[HUG#1463680]
Press release PDF:
http://hugin.info/1014/R/1463680/402393.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ASSA ABLOY via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 18.11.2010 - 12:01 Uhr
Sprache: Deutsch
News-ID 48904
Anzahl Zeichen: 2171
contact information:
Town:
Stockholm
Kategorie:
Business News
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