- (PLX AI) - Assa Abloy shares were in positive territory amid a red market after the company posted stronger than expected organic growth in the second quarter.
- • Q2 organic growth of 23% beat consensus of 20% as markets reopening in Europe and the United States boosted activity levels
- • Second quarter EBIT and sales also exceeded analyst expectations
- • Despite significantly higher costs, operating leverage was strong at 40%, the company said
- • This was a positive development, and consensus estimates should come up by low single digits, SEB analysts said