|Bid||224.70 x 0|
|Ask||224.90 x 0|
|Day's Range||216.00 - 231.60|
|52 Week Range||153.90 - 231.60|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||83.01|
|Forward Dividend & Yield||3.50 (1.65%)|
|1y Target Est||191.94|
Assa Abloy, the world's biggest lock maker, said on Wednesday weaker construction signals and geopolitical challenges had increased uncertainty in some of its markets, as it posted profit growth that matched expectations. Assa Abloy, which has been highly acquisitive and whose rivals include Allegion and Stanley Black & Decker , said the jump came due to strong sales as well as margin growth. Sales growth before acquisitions however slowed to 3%, from 5% in the previous quarter as well as a year earlier.
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Assa Abloy, the world's biggest lock maker, beat quarterly sales forecasts on Tuesday, boosted by strong demand for its electronic devices. Fourth-quarter operating profit before restructuring and other one-off costs rose to 3.75 billion Swedish crowns (£315.2 million) from 3.36 billion crowns in the same period a year earlier, matching analysts' expectations. Assa Abloy, which has more than doubled sales over a decade and outgrown rivals helped by acquisitions in a fragmented market, is betting on an accelerating shift from mechanical locks to hi-tech alternatives ranging from fingerprint scanners to smartphone-activated systems.
STOCKHOLM , Feb. 5, 2019 /PRNewswire/ -- Fourth quarter Net sales increased by 15% to SEK 23,167 M (20,109), with organic growth of 6% (5) and acquired net growth of 3% (3) Very strong sales growth in ...
Rather, the smart lock maker announced this morning that it will be bringing its technology to three new locks from Emtek. Like August, Emtek is a part of the Swedish conglomerate Assa Abloy. The implementation of the technology will be similar to August’s relationship with fellow Assa Abloy brand, Yale, where the more tech-savvy startup will essentially power the lock’s smart capabilities.
With this backdrop, U.S. equities as measured by the S&P 500 Index set new highs over the third quarter, appreciating 7.7% (USD) while the resource-oriented sectors in Canada suffered and the S&P/TSX Composite dropped 0.6% generally as a result. The stronger Canadian dollar did temper an otherwise steady period for overall investment performance. In Canadian dollar terms, the MSCI All-Country World Index (ACWI) gained 2.5%, the S&P 500 Index gained 5.8%, the MSCI ACWI ex-USA fell 1.0%, the MSCI Emerging Markets Index dropped 2.8% and the FTSE Canada Universe Bond Index posted a 1.0% drop.