Assa Abloy AB Class B
ASSA B: XSTO (SWE)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|ZV | LOCK|qH# | LOCK|RBy<Cj |
Assa Abloy Earnings: Organic Growth Accelerates; Margin Overstated by One-Offs
Assa Abloy reported second-quarter organic sales growth of 4%, up from 2% in the first quarter, with an EBIT margin of 17.0%. Approximately SEK 220 million of nonrecurring items inflated the margin, resulting in an underlying 16.5% EBIT margin.
