ASSA ABLOY: Earnings increased by 43 % for 1998.STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--Feb 9, 1999--ASSA ABLOY ABLOY Aktiebolaket Lukko Osakeyhtiö Group, the world's leading manufacturer and supplier of locks and associated products In the context of fuels and lubricants, a petroleum or chemical product used as a hydraulic fluid, corrosion preventive, liquid propellant, or specialized product, required for the operation, maintenance, or storage of military equipment. , today released its year-end report 1998 with following high-lights: -- Sales increased by 23% to 8 582 MSEK (6 968) -- Income before taxes increased by 39% to 748 MSEK (537) -- Earnings per share increased by 43% to 7.28 -- Cash flow before tax amounted to 1 023 MSEK (841) -- The organic sales growth for comparable units amounted to 6% (8) -- Acquisition of Lockwood, leading lock manufacturer in Australia A full report can be obtained from www.assaabloy.se or by fax from Hans Westerberg, US Investor Relations Investor relations The process by which the corporation communicates with its investors. , (203) 227 9140. |
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