Assa Abloy rises after Q2 profit beat on strong demand
17/07/2025 08:44
** Shares in Assa Abloy ASSAb.ST jump around 6% after the Swedish lockmaker reported a Q2 core profit beat, citing strong demand for upgrades to electromechanical and digital solutions ** It posts Q2 adj. EBIT of SEK 6,155 million ($630.65 million), which Jefferies notes is 5% ahead of consensus expectation of SEK 5,888 million ** Jefferies says Assa Abloy reported a "solid set of numbers", expecting mid single digit consensus earnings upgrades for the company ** J.P.Morgan also notes a 2.5% organic sales growth in the quarter, against 1.7% expected by analysts ** The stock is among top performers on the pan-European STOXX 600 .STOXX index, on track for its best day since January 2022 if gains hold ($1 = 9.7598 Swedish crowns) (Reporting by Marta Frąckowiak) ((marta.frackowiak@thomsonreuters.com))