Assa Abloy stock trades at EUR 31.82 as Q3 risks rise

Published on 09/29/2026 at 13:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 2026 revenue reached SEK 39.26 billion, up 9.8 percent on the reported comparison. Deutsche Bank raised its target to SEK 360 before the October 27 report.

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Assa Abloy (ISIN SE0007100581) stock was trading at EUR 31.82 at Lang & Schwarz on September 29, 2026 at 1:20 p.m. CEST. The near-term question is whether the strong second quarter can offset a cautious view of the next reporting period.

Q2 figures set the bar

Affärsvärlden reports that Q2 2026 revenue reached SEK 39.26 billion, up 9.8 percent on the reported comparison. Operating income rose from SEK 5.96 billion in Q2 2025 to SEK 6.68 billion in Q2 2026, while earnings per share increased from SEK 3.43 to SEK 3.98.

The operating margin was 17.0 percent in Q2 2026, compared with 15.7 percent in Q2 2025. That combination of higher sales, profit and margin gives the stock a clear fundamental support point, although the next quarter will test whether the improvement can continue.

Deutsche Bank flags Q3 risk

According to MarketScreener on September 17, 2026, Deutsche Bank retained its Hold rating and raised its price target from SEK 350 to SEK 360. The bank judged consensus too optimistic for the October 27, 2026 report and expected Assa Abloy to come in slightly below expectations for growth and margins.

The target revision is constructive, but the cautious earnings view creates a counterweight. For investors, the decisive issue is whether Q2's 17.0 percent operating margin becomes a repeatable level rather than a single-quarter peak.

Stock trades below yearly high

Assa Abloy was trading at SEK 360.10 on Nasdaq Stockholm on September 29, 2026 at 1:19 p.m. CEST. The 52-week range was SEK 314.20 to SEK 396.90, placing the share 9.27 percent below the high, while market capitalization stood at SEK 400.0 billion on the same date.

The next scheduled checkpoint is the Q3 2026 earnings release on October 27, 2026, as listed by MarketScreener. The contrast between the Q2 margin record and the cautious Q3 assessment defines the stock's immediate information setup.