Tip:
Highlight text to annotate it
X
Moderator: When ASSA ABLOY was created 15 years ago, the ambition was to become the world's leading lock group
and considering that we have grown from 4700 employees to 30.000, and from three billion Swedish crowns in sales
to thirty-five billion, I think we can agree that ASSA ABLOY has succeeded. What do you say, Johan Molin?
Johan: Who could have thought that the small companies ASSA and ABLOY that went together 15 years ago could
achieve and to become the world leader by far in this industry, and this is in a short period of time, I think we
have all the reasons to be very proud of what we have achieved together as a group and as individuals.
This has been an exciting journey, but it's far from over and we have a bright future also.
Moderator: What would you like to say to our employees now that we celebrate 15 years?
Johan: I'm very grateful for what has been achieved and I think everybody has a reason to feel proud of what has
been done during these 15 years. We set out in a very small way, and we have changed over time to become
the giant, or the leader of this industry. This has been done thanks to all the efforts that all our employees
have contributed with. Now when I stand and look into the future - we are stronger than ever and we are a group that
is really to be counted on. We are also changing in a rapid way to adopt to the challenges of tomorrow.
Moderator: And what are the challenges?
Johan: There are many of them, but one of the main ones is that the industry is becoming more and more
electronically driven; locks are becoming more and more intelligent, the customers are demanding more total door
solutions, so tomorrow we will have to be in the local markets, able to offer short lead times, total door openings
which is quite different to what we started out as a mechanical lock company. But I have no doubt in my
mind that we will be very successful going forward.
Moderator: What opertunities do you see for ASSA ABLOY in the future?
Johan: The opportunity is to continue to lead this industry but also to consolidate the door side of the industry.
Develop new innovative products. We have invested a lot of money in this and we see many good and exciting products
entering the markets, so when we play this right, I have no doubt in my mind that we will continue to be a very
successful company and group for many years to come.
Moderator: Johan, is there anything else you'd like to say?
Johan: Well, once again I would like to thank all our employees for what they have achieved. It's a great
achievement that we have done together. But also celebrate well - you know the challenges are ahead of us,
and it's not over; our business is a marathon race, but we are doing very well so just relax, celebrate and go recharge
your batteries and go for the future. Thankyou.