Lockmaker Assa Abloy posts higher operating profit for Q4 (updated)
05/02/2025 07:23
(Adds result details and dividend, paragraphs 2-3)
Feb 5 (Reuters) - Sweden's Assa Abloy ASSAb.ST , the
world's biggest lockmaker, reported a 14% rise in its fourth
quarter operating profit on Wednesday, citing a strong operating
leverage driven by continued price/cost tailwind and strong
operational execution.
The company, whose products range from security doors to
electronic and mechanical locks under brands such as Yale, said
its operating profit, excluding items affecting comparability,
grew to 6.53 billion Swedish crowns ($595.4 million) from 5.72
billion crowns a year earlier.
Assa also said it planned to pay a dividend of 5.90 crowns
per share for 2024, up from the 5.40 crowns it paid out last
year.
($1 = 10.9683 Swedish crowns)
(Reporting by Elviira Luoma in Gdansk, editing by Milla Nissi)
((Elviira.luoma@thomsonreuters.com))