Assa Abloy: share down as organic growth disappoints
(CercleFinance.com) - Assa Abloy, the world leader in access solutions, reported better-than-expected Q4 results on Wednesday, but its organic growth disappointed the market, causing its share price to lose almost 2% on the Stockholm Stock Exchange.
The Swedish group announced record Ebit of over 6.5bn SEK for Q4, up 14%.
The consensus was looking for slightly less, at 6.3bn SEK.
Sales rose by 7% to 39.57bn SEK, a growth essentially fuelled by the 26 acquisitions the group completed in 2024, equivalent to an additional 8bn SEK in sales.
Organic growth, a closely monitored measure that excludes changes in the scope of consolidation, was 0, however, while analysts were expecting an 1.3% growth.
Management acknowledges that accelerating organic growth remains a "key" strategic priority for the future.
Following this publication, Assa Abloy shares were down 1.7% Wednesday lunchtime, posting the second biggest drop on the OMXS30 index of 30 leading Swedish stocks, behind Alfa Laval.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The Swedish group announced record Ebit of over 6.5bn SEK for Q4, up 14%.
The consensus was looking for slightly less, at 6.3bn SEK.
Sales rose by 7% to 39.57bn SEK, a growth essentially fuelled by the 26 acquisitions the group completed in 2024, equivalent to an additional 8bn SEK in sales.
Organic growth, a closely monitored measure that excludes changes in the scope of consolidation, was 0, however, while analysts were expecting an 1.3% growth.
Management acknowledges that accelerating organic growth remains a "key" strategic priority for the future.
Following this publication, Assa Abloy shares were down 1.7% Wednesday lunchtime, posting the second biggest drop on the OMXS30 index of 30 leading Swedish stocks, behind Alfa Laval.
Copyright (c) 2025 CercleFinance.com. All rights reserved.