Assa Abloy B stock gained 1.03 percent as Q2 margin hit 17 percent

Published on 10/04/2026 at 22:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Assa Abloy B stock posted 4 percent organic growth in Q2 2026, while its EBIT margin reached 17 percent. Twenty-two analysts set a SEK 408.76 average target.

Architektur-Render einer modernen Glaslobby mit Türen und Zugangsschranken — Assa Abloy AB (SE0007100581) liefert Zutrittssysteme für Bürotürme, illustriert durch diesen modernen Architektur-Render einer Lobby, Illustration mit AI erstellt.

Assa Abloy B stock gained 1.03 percent to SEK 354.30 on Nasdaq Stockholm on October 2, 2026, with a market capitalization of SEK 393.5 billion. The move followed a second-quarter performance built on 4 percent organic growth and a 17 percent EBIT margin, according to Yahoo Finance in the Q2 2026 earnings call.

Q2 margin reached a record

Management reported Q2 sales growth of 3 percent, comprising 4 percent organic growth, 2 percent net acquisition growth and a negative 3 percent currency effect. Earnings per share rose 12 percent to SEK 3.98, while operating cash flow increased 16 percent and cash conversion reached 106 percent, Yahoo Finance reported from the July 17, 2026 call.

The 17 percent EBIT margin included one-time items. The adjusted margin was 16.5 percent, giving investors a clearer view of underlying operations than the headline result alone. Electromechanical products delivered 8 percent organic growth in the regional divisions during Q2, supporting Assa Abloy's transition toward digital access systems.

Acquisition expands US security range

On September 16, 2026, Assa Abloy acquired Pacific Lock Company, a US manufacturer of padlocks and security hardware. The deal adds a residential security business to the Americas division and is expected to be earnings per share accretive from the start, according to MarketScreener.

The next test arrives with the third-quarter report scheduled for October 27, 2026. Deutsche Bank expects growth and margins to come in below consensus, even after raising its price target from SEK 350 to SEK 360 and retaining a Hold rating on September 17, 2026, according to Zonebourse.

Analyst target remains above the stock

The consensus rating was Accumulate from 22 analysts, with an average target of SEK 408.76, according to Zonebourse. That target sits above the October 2 price, but the gap is paired with a clear near-term counterpoint: Deutsche Bank sees the upcoming quarter as a possible miss on both growth and margins.

Stock stays below its yearly high

Assa Abloy B was last at SEK 354.30 on Nasdaq Stockholm on October 2, 2026, at 5:29 p.m. CEST. The 52-week range was SEK 314.20 to SEK 396.90, placing the stock SEK 42.60 below its yearly high.