FX.co ★ ASSA ABLOY Q4 Profit Rises, Lifts Dividend; But Stock Down

ASSA ABLOY, listed under the ticker ASAZF.PK, a leading Swedish company in the access solutions sector, announced an increase in profit for its fourth quarter, alongside a rise in sales figures.

Moreover, the Board of Directors at ASSA ABLOY has proposed a dividend distribution of SEK 5.90 per share for the fiscal year 2024, an increase from the previous year's SEK 5.40 per share. This dividend is set to be paid out in two equal installments.

For the fourth quarter, the company reported a net income of SEK 4.21 billion, equating to SEK 3.81 per share. This is an improvement from the SEK 3.97 billion, or SEK 3.56 per share, recorded in the corresponding quarter of the prior year.

Pre-tax income for the three-month period saw a 16% rise, reaching SEK 5.68 billion, up from SEK 4.88 billion the previous year. Operating income, or EBITA, increased by 15%, totaling SEK 6.90 billion compared to SEK 6.01 billion in the same period last year.

Quarterly sales experienced a 7% increase, amounting to SEK 39.58 billion, up from SEK 37.97 billion in the prior year’s quarter. The quarter saw stable organic sales, with notable strong growth in Global Technologies.

On the Stockholm Stock Exchange, ASSA ABLOY shares were trading at SEK 324.80, marking a decrease of 2.67%.