Assa Abloy reaches record high after Q3 results beat

Assa Abloy AB

21/10/2025 08:50

** Shares of Assa Abloy ASSAb.ST rise around 3.3% after the Swedish lockmaker posted better-than-expected Q3 earnings

** The group's sales rose 3% year-on-year in the quarter, and operating profit rose to SEK 6.42 billion ($681.85 million), above LSEG estimate of SEK 6.33 billion

** "Adjusted EBIT came in 1% ahead leading to a record margin," says Jefferies in a note

** The largest sales growth beat came in EMEIA with very strong growth in Central Europe and the Nordics, J.P.Morgan analysts say in a note

** The share was up around 3% at 0730 GMT, reaching a record high price per share of SEK 352 and on track for best day since July if gains hold, based on LSEG data

($1 = 9.4155 Swedish crowns)

(Reporting by Izabela Niemiec and Vera Dvorakova)

((izabela.niemiec@thomsonreuters.com; vera.dvorakova@thomsonreuters.com))