Assa Abloy ASSA B

Stockholm | Industrials | Access and security solutions
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Updated: 18 Sep 2026 Base analysis: 5 Apr 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Partly clear

Keep the position; wait for the outcome of Latour’s book-build and the Q2 report before adding. Any weakness tied to the overhang may offer a better entry than buying ahead of the placement.

Strong profitability, cash flow and continued M&A strategy support the HOLD signal despite currency headwinds and regional weakness in Asia.

Market sentiment Neutral →
Trend: Stable

Sentiment remains predominantly positive around quality, margins and cash flow, but is tempered by currency headwinds, lowered estimates and a new ownership overhang from Latour's planned sale.

Risk assessment Medium
Dilution: Low Strong cash flow; no equity raise signals.
Jurisdiction: Low Mostly developed markets; low political risk.
Execution: Medium High M&A pace requires continuous integration execution.

HOLD is the call. Neutral is the market mood. Medium risk means some things can go wrong.

Latest change
  • 18 Aug 2026 — Report beat expectations with record margins and organic growth, driven by pricing power and acquisitions.

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About the company

Assa Abloy is a global leader in locks, door environments, entrance automation, and digital access control. The company is profitable with record-high margins and grows through both organic initiatives and frequent bolt-on acquisitions. Near-term results are often influenced by FX moves and the construction/housing cycle, especially in North America and Europe.

Sector: Access and security solutions
Type: Industrial
Next report (Q3)
27 Oct 2026
Catalysts
●
27 Oct 2026
Q3 report High
○
Q4 2026
Completion of Gunnebo acquisition Medium
Bull case

Record margins and strong cash flow confirm pricing power despite currency headwinds.

Bear case

Currency headwinds and weakness in Asia may continue to pressure reported growth.

Why this signal

Strong profitability, cash flow and continued M&A strategy support the HOLD signal despite currency headwinds and regional weakness in Asia.

Recent news
  • The acquisition of PACLOCK in the US and the distribution agreement with Rexel Sverige have been added. Deutsche Bank raised the target price to 360 SEK. The share trades around 344–346 SEK.

Exchange
Stockholm
Type
Industrials
Sector
Access and security solutions
Assa Abloy ASSA B
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