Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Assa Abloy AB
  6. News
  7. Summary
    ASSA B   SE0007100581

ASSA ABLOY AB

(ASSA B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Assa Abloy 2Q Net Profit Beat as Demand Rebounded, Price Rises Offset Higher Costs

07/19/2021 | 12:42am EDT

By Dominic Chopping

STOCKHOLM--Sweden's Assa Abloy AB on Monday posted a bigger-than-expected rise in second-quarter net profit as demand rebounded in most markets and price rises offset higher raw material costs.

The lock maker said net profit for the period rose to 3.21 billion Swedish kronor ($369.3 million), from SEK1.4 billion for the year-earlier period. Sales for the quarter rose 19% to SEK23.65 billion.

A FactSet consensus had forecast quarterly profit of SEK2.47 billion on sales of SEK23.11 billion.

Operating margin rose to 15.2% from 10.5%, the company said.

"Demand in many markets has gradually improved and sales, adjusted for currency, are now back to or above pre-Covid levels in Europe, Middle East, India and Africa, Americas and Entrance Systems," Chief Executive Nico Delvaux said.

"We are therefore shifting our focus so as to accelerate our profitable growth," he added.

In Asia Pacific, the recovery is slower due to continued restrictions and lockdowns in many markets, the company said.

Assa Abloy said it has been able to manage the shortage of some components and logistical constraints.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

07-19-21 0242ET

All news about ASSA ABLOY AB
09/17SPECTRUM BRANDS : Moody's Maintains Assa Abloy's Ratings After $4.3 Billion Home Improveme..
MT
09/09GLOBAL MARKETS LIVE : EasyJet, 888 Holdings, Swiss Life, Sony, Walt Disney....
09/09WALL STREET STOCK EXCHANGE : A step closer to tapering
09/09SPECTRUM BRANDS : Assa Abloy acquires the HHI division of Spectrum Brands for MUSD 4,300
AQ
09/09ASSA ABLOY : buys Spectrum home improvement business for $4.3 billion
RE
09/08SPECTRUM BRANDS : Assa Abloy to Buy Spectrum Brands' Home Improvement Unit for $4.3 Billio..
MT
09/08SPECTRUM BRANDS : to Sell Hardware, Home Improvement Business to ASSA ABLOY for $4.3 Billi..
MT
09/08ASSA ABLOY : Spectrum Brands to sell hardware, home improvement unit to Assa Abloy for $4...
RE
09/08SPECTRUM BRANDS : Selling Hardware and Home Improvement Segment for $4.3 Billion
MT
09/08Spectrum Brands to Sell Hardware and Home Improvement Segment for $4.3 Billion
DJ
More news
Analyst Recommendations on ASSA ABLOY AB
More recommendations
Financials
Sales 2021 94 788 M 10 935 M 10 935 M
Net income 2021 10 862 M 1 253 M 1 253 M
Net Debt 2021 19 937 M 2 300 M 2 300 M
P/E ratio 2021 27,0x
Yield 2021 1,62%
Capitalization 292 B 33 718 M 33 663 M
EV / Sales 2021 3,29x
EV / Sales 2022 3,02x
Nbr of Employees 50 727
Free-Float 91,4%
Chart ASSA ABLOY AB
Duration : Period :
Assa Abloy AB Technical Analysis Chart | ASSA B | SE0007100581 | MarketScreener
Technical analysis trends ASSA ABLOY AB
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 262,70 SEK
Average target price 289,79 SEK
Spread / Average Target 10,3%
EPS Revisions
Managers and Directors
Nico Delvaux President & Chief Executive Officer
Erik Pieder Chief Financial Officer & Executive VP
Lars Sture Renstr÷m Chairman
Carl Fredrik Wilhelm Douglas Vice Chairman
Eva Irene Karlsson Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ASSA ABLOY AB29.73%33 718
SAINT-GOBAIN62.75%38 371
MASCO CORPORATION2.35%13 967
XINYI GLASS HOLDINGS LIMITED17.78%13 193
FORTUNE BRANDS HOME & SECURITY, INC.8.76%12 854
TREX COMPANY, INC.26.71%12 420