Source - SMW
Assa Abloy's net sales increased by 3% to SKr18,499m in the third quarter with organic growth of 3% and acquired growth of 2%.

Operating income increased by 2% to SKr,080m and net income rose to SKr2,153m from Skr2,122m.

   President and chief executive Johan Molin, whocis considering leaving during 2018, said: 'This is good growth considering that we had one working day less in the quarter. 

'Global Technologies had strong organic growth of 6%. EMEA grew by 4%, Americas by 3%, Entrance Systems by 2% and Asia Pacific by 2%. 

'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 Asia Pacific we achieved strong growth in Pacific, South Korea and southern Asia. However, China remains challenging and our sales continued to decline.'