|Bid||275.80 x 0|
|Ask||276.00 x 0|
|Day's Range||274.90 - 278.90|
|52 Week Range||188.20 - 279.30|
|Beta (5Y Monthly)||0.58|
|PE Ratio (TTM)||27.05|
|Forward Dividend & Yield||3.90 (1.41%)|
|Ex-Dividend Date||Nov 22, 2021|
|1y Target Est||191.94|
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.
ASSA ABLOY has signed an agreement to sell its Nordic locksmith business CERTEGO to Nalka Invest, which invests in small- and medium-sized businesses primarily in the Nordic region. This transaction reinforces the strategic focus on the core security solutions business of the ASSA ABLOY Opening Solutions EMEIA Division.