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Global
Technologies

Sales
share of Group
total, %
  EBIT
share of Group
total, %
 
ASSA ABLOY's Global Technologies division is the Group's worldwide organization for global products and services. During the year the division achieved organic growth of 10 percent and an EBIT margin of 14.1 percent. The division accounts for 21 percent of the Group's sales and has 15 production units, 40 sales companies and 3,500 employees. Global Technologies comprises four business units:
– ASSA ABLOY HID, which accounts for 24 percent of Global Technologies' sales. The business unit's main areas are ID cards, card readers and access control systems based on Radio-Frequency Identification (RFID). The products are sold under well-known brand names such as HID and Indala.
– ASSA ABLOY Identification Technology (ITG), which accounts for 16 percent of Global Technologies' sales. The business unit's products consist of various types of identification technology based on RFID including smart cards, electronic passports, ID cards and the electronic tagging of industrial products and livestock. The products are sold under well-known brand names such as Sokymat, ACG and Omnikey.
– ASSA ABLOY Entrance Systems, which accounts for 41 percent of Global Technologies' sales. The business unit is the world's leading supplier of electronic door solutions. The products are sold under well-known brand names such as Besam, EntreMatic and Doorman.
– ASSA ABLOY Hospitality, which accounts for 19 percent of Global Technologies' sales. The business unit produces hotel locks and security systems and sells chiefly to hotels and cruise ships. Its two leading companies and brands are VingCard and Elsafe.
Asia Pacific
ASSA ABLOY's Asia Pacific division comprises the Group's companies in Australia, New Zealand, China and elsewhere in Asia. During the year the division achieved organic growth of 2 percent and an EBIT margin of 11.1 percent. Asia Pacific accounts for 8 percent of the Group's total sales and has 9 production units, 8 sales companies and 4,300 employees. The division's largest markets are Australia, New Zealand and China. The largest companies in the division are ASSA ABLOY Australia, ASSA ABLOY New Zealand, Guli Security and ASSA ABLOY Wangli.

Sales
share of Group
total, %
  EBIT
share of Group
total, %
 

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Financials in brief

    2005 2004 Change, %
Sales, SEK M 27,802 25,526 9
of which: Organic growth 5
  Acquired growth 1
  Foreign exchange effects, SEK M 643 3
Operating income (EBIT), SEK M 4,078 3,683 11
Operating margin (EBIT), % 14.7 14.4  
Income before tax, SEK M 3,556 3,199 11
of which, Foreign exchange effects, SEK M 73 2
Operating cash flow, SEK M2 3,702 3,439 8
Return on capital employed, % 15.9 15.3  
Data per share (SEK/share) 2005 2004 Change, %
Earnings after tax and dilution (EPS) 6.97 6.33 10
Cash earnings after tax and dilution (CEPS) 9.64 8.93 8
Shareholders´ equity after dilution 42.85 34.74 23
Dividend   3.251 2.60 25
Number of shares after dilution (thousands) 378,718 378,718  
1 Proposed dividend.
2 Excluding restructuring payments.
group sales and EBIT
* 1996–2003 have not been adjusted for IFRS but
amortization of goodwill has been excluded.
capital employed /
return on capital employed
income before tax /
Operating cash flow
earnings per share
2 Excluding restructuring payments.
3 Data for 2001 and 2003 excludes non-recurring items.
4 1996–2003 have not been adjusted for IFRS but amortization of goodwill has been excluded.