Assa Abloy

ASSA ABLOY (STO:ASSAB) The review of the Group's production structure in high-cost countries that was announced in 2008 has now been completed, and has been expanded to include around forty restructuring projects which will affect all the Group's divisions. The expanded program involves further closures of 15 production units and a move to final assembly work in the remaining units in high-cost countries. In addition, it has been decided to carry out a consolidation of administrative support functions.

ASSA ABLOY (STO:ASSAB) In connection with ASSA ABLOY's Capital Markets Day on 20 November Johan Molin, President and CEO, among other things stated that the financial targets set in 2004, to be achieved by 2008, had been reached.

ASSA ABLOY (STO:ASSAB) * The sales trend was positive and in comparable currencies sales rose by 7% in the third quarter. * Growth in Western Europe and Australia remained weak, but was good in North America and on Asian, African and South American markets. * Sales totaled SEK 8,722 M (8,274), with 1% organic growth, 6% acquired growth and exchange-rate effects of -2%. * Operating income (EBIT) excluding restructuring costs amounted to SEK 1,435 M (1,404), representing a margin of 16.5% (17.0). * Net income amounted to SEK 709 M (884). * Earnings per share amounted to SEK 2.38 (2.36) excluding restructuring costs. * The quarter's costs attributable to the new restructuring program amounted to SEK 247 M. * The acquisitions of Valli&Valli, Gardesa, Rockwood and Cheil were consolidated during the quarter. ASSA ABLOY has signed agreements for the acquisitions of ShenFei. The acquisition of Copiax was approved. ASSA ABLOY has made a ...

ASSA ABLOY (STO:ASSAB) As a response to received questions concerning the production unit in Barkan on the West Bank and referring to yesterday's press release ASSA ABLOY makes the following clarification:

ASSA ABLOY (STO:ASSAB) ASSA ABLOY acquired the Israeli lock company Mul-T-Lock in 2000. The company has operations in Israel and on the West Bank. Mul-T-Lock was founded in 1973 and the operation on the West Bank started in 1984.

ASSA ABLOY (STO:ASSAB) ASSA ABLOY has signed an agreement to acquire ShenFei a leading manufacturer of door closers, both for the Chinese markets and for exports.

ASSA ABLOY (STO:ASSAB) The ASSA ABLOY Group will release the Interim report January-September 2008 on Wednesday 22 October at 08.30 am (CET). A combined investors' meeting and web conference will this time be held at Operakällaren in Stockholm at 10.30 am (CET). (please note the change of meeting location and time).

ASSA ABLOY (STO:ASSAB) Our annual Capital Market Day will be held in Stockholm, Sweden, on Thursday 20 November. It will be a full day program at Hagamagasinet just north of Stockholm followed by a dinner hosted by ASSA ABLOY's executive team.

ASSA ABLOY (PINKSHEETS:ASAZF.PK) * The sales trend was positive for all divisions in the second quarter and sales increased in local currencies by 8%. * Sales growth in Western Europe continued on a weak level, sales in North America were stable at a good level, and growth remained strong on the Asian, African and South American markets. * The gross margin improved as a result of the restructuring and efficiency programs carried out. * Sales amounted to SEK 8,526 M (8,329), with 5% organic growth, 3% acquired growth and exchange-rate effects of -5%. * Operating income (EBIT) amounted to SEK 1,378 M (1,325), an increase of 4% after negative currency effects of SEK 72 M, representing a margin of 16.2% (15.9). * Net income amounted to SEK 865 M (822). * Earnings per share amounted to SEK 2.30 (2.20), an increase of 5%. * In order to further accelerate the pace of restructuring, a new revision of the production structure in high-cost countr ...

ASSA ABLOY (PINKSHEETS:ASAZF.PK) ASSA ABLOY Entrance Systems has acquired Cheil, a Korean leading company that offers a broad range of products and services within door automatics. The company has 50 employees and is expected to reach a turnover of SEK 150 M in 2008.