'Modest beats, low expectations', Assa Abloy shares rise

Assa Abloy AB

17/07/2026 08:15

** Shares in Assa Abloy rise 4.3%, helped by a slight beat on the company's Q2 EBIT and sales 
       ** J.P. Morgan says the "modest beats and low expectations in a recently overlooked stock" should allow shares to modestly outperform the broader market
** The Swedish lock maker reports Q2 EBIT at SEK 6,680 million ($692.5 million), above the IBES consensus estimate of SEK 6,422 million, on sales of SEK 39,259 million vs. estimate of SEK 39,103 million
** JPM says the company achieved broad-based organic sales growth of 3.5 percent with most divisions rising despite a soft spot in Asia
** JPM highlights improvement in the group's operating margin (Q2 at 17%) and operating cash flow (up 16% to SEK 6.30 billion)
       
($1 = 9.6460 Swedish crowns)

(Reporting by Agnieszka Olenska)
((Agnieszka.Olenska@thomsonreuters.com;))