Sweden's Assa Abloy slightly beats Q2 sales estimates, driven by growth in Europe and Nordic region

Assa Abloy AB

17/07/2026 07:11

Overview
Sweden access solutions firm's Q2 sales rose 3%, slightly beating analyst expectations
Q2 operating income (EBIT) beat analyst expectations, with record EBITA margin of 18.1%
Organic sales growth strong in EMEIA and Americas, declined in Asia Pacific

Outlook
Assa Abloy says innovation and acquisitions remain key drivers for future growth
Company notes continued challenging and uncertain market conditions
Assa Abloy reports a strong acquisition pipeline with more than 900 companies on its target list

Result Drivers
REGIONAL PERFORMANCE - Strong organic sales growth in EMEIA (notably Central Europe and Nordics) and Americas, offset by decline in Asia Pacific
ACQUISITIONS - Five acquisitions completed in the quarter contributed 2% to net sales growth
OPERATING LEVERAGE - Margin improvement attributed to strong organic operating leverage, offsetting negative currency and acquisition effects

Company press release: ID:nWkr2wdfmJ

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Slight Beat*
SEK 39.26 bln
SEK 39.10 bln (13 Analysts)
Q2 EPS
 
SEK 3.98
 
Q2 Net Income
 
SEK 4.42 bln
 
Q2 EBIT
Beat
SEK 6.68 bln
SEK 6.42 bln (11 Analysts)
Q2 EBITA Margin
 
18.10%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction supplies & fixtures peer group is "buy"
Wall Street's median 12-month price target for Assa Abloy AB is SEK400.00, about 20.5% above its July 16 closing price of SEK332.00
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 21 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)