Assa Abloy Reports Strong Fourth Quarter Results
Assa Abloy, the world’s largest lockmaker, has reported a 7% increase in net sales for the fourth quarter, reaching a record high. The company’s operating income also reached a record high, with a 15% increase to SEK 6,898 million.
Key Financial Highlights
- Net sales increased by 7% compared to the same period last year
- Operating income reached a record high of SEK 6,898 million, a 15% increase
Preparations for Potential Tariffs
The company’s CEO has warned that Assa Abloy may raise prices if the US implements tariffs on Canada and Mexico. The company has taken preparations for potential tariffs, including:
- Increasing stock levels in the US from Mexico and Canada
- Having price hikes ready
Organic Growth Priorities
The company’s focus on accelerating organic growth remains a priority. Key highlights include:
- Strong organic sales growth in Global Technologies
- Good growth in the Americas