Assa Abloy Q2 profit beats forecast
17/07/2026 07:08
Assa Abloy Q2 profit beats forecast OSLO, July 17 (Reuters) - Assa Abloy ASSAb.ST, the world's largest lock maker, on Friday reported stronger than expected second-quarter operating profits and said revenue grew 4% organically from the year-ago period.
Operating profit at the group, which competes with Allegion ALLE.N and Dormakaba DOKA.S, rose to 6.68 billion Swedish crowns ($691.65 million) from 5.96 billion a year ago, while analysts polled by LSEG on average had forecast 6.42 billion.
($1 = 9.6581 Swedish crowns)
(Reporting by Terje Solsvik, editing by Louise Rasmussen)
((terje.solsvik@thomsonreuters.com; +47 918 666 70))
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