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ASSA ABLOY AB (publ) (ASAZY)

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14.46-0.44 (-2.95%)
At close: 03:57PM EST
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Trade prices are not sourced from all markets
Previous close14.90
Open14.55
Bid0.00 x 0
Ask0.00 x 0
Day's range14.37 - 14.60
52-week range12.27 - 16.66
Volume108,049
Avg. volume143,692
Market cap32.377B
Beta (5Y monthly)0.60
PE ratio (TTM)81.24
EPS (TTM)0.18
Earnings dateN/A
Forward dividend & yield0.22 (1.54%)
Ex-dividend date22 Nov 2021
1y target estN/A
  • Reuters

    Component shortages hamper sales growth at Assa Abloy as profit lags forecast

    STOCKHOLM (Reuters) -Assa Abloy said on Wednesday material shortages and supply chain problems would continue to impact its markets, after posting third-quarter profit below market expectations. The world's biggest lockmaker said it expected growth in Europe and the Americas to recover to normal levels ahead, while its travel-related business was recovering slowly. Like-for-like sales growth came in at 7%, helped by the reopening of societies in most of Assa's core markets during the quarter.

  • Reuters

    Lockmaker Assa Abloy's profits soar, but travel-related sales lag

    Sweden's Assa Abloy, the world's biggest lockmaker, beat expectations with a 71% jump in second-quarter operating profit on Monday, saying demand picked up in many of its markets even as travel-related sectors, such as hotels, still lagged. The company - whose products range from security doors and automated entrance solutions to electronic and mechanical locks under a wide range of brands such as Yale, said sales returned to or exceeded pre-pandemic levels in three divisions including its biggest, Entrance Systems. Assa Abloy said its Global Technologies division grew like-for-like sales by 17% though volumes in travel-related segments, such as hotels, which it supplies with key cards, in-room safes and electronic door locks, still remained lower than before the pandemic.

  • Reuters

    Assa Abloy posts sales rebound but warns on costs

    STOCKHOLM (Reuters) -Sweden's Assa Abloy, the world's biggest lockmaker, reported profits above market expectations on Wednesday, but warned it may not be able to compensate for higher material prices this year. Having risen around 25% so far this year, shares in the firm, which competes with Allegion and Stanley Black & Decker, fell 4.6% at 0947 GMT. Assa CEO Nico Delvaux said that it would probably not be possible to fully compensate for rising material prices in 2021, citing prices for nickel, zinc and aluminium.