In connection with ASSA ABLOY's Capital Markets Day the Group has adjusted the financial objectives: Upgraded objective: - Sales should increase with a total of 10 percent per year over a business cycle by a combination of organic growth and acquisitions over a business cycle. Previous target was "Sales should increase organically by an average of about 5 percent over a business cycle" Unchanged objectives that should be achieved by 2008 at the latest: - The operating margin (EBIT) should be improved to 16-17 percent - The positive long-term trend in ASSA ABLOY's operating cash flow should be maintained - Capital efficiency should be continuously improved - Return on capital employed (ROCE) should be improved to 20 percent 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 discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 09:45 CET on 29 November.
Adjustment of the financial objectives
| Source: ASSA ABLOY AB