Assa Abloy, the world leader in access solutions, reported better-than-expected Q4 results on Wednesday, but its organic growth disappointed the market, causing its share price to lose almost 2% on the Stockholm Stock Exchange.

The Swedish group announced a record operating profit (Ebit) of over 6.5 billion crowns for the last three months of the year, up 14%.

The consensus was for 6.3 billion.

Sales rose by 7% to 39.57 billion crowns, a growth essentially fuelled by the 26 acquisitions the group closed in 2024, equivalent to an additional eight billion in sales.

Organic growth, a closely monitored measure that excludes changes in the scope of consolidation, came out at 0%, whereas analysts were expecting an average increase of 1.3%.

In his press release, Nico Delvaux acknowledges that accelerating organic growth remains a "key" strategic priority for the future.

Following this publication, Assa Abloy shares lost 1.7% at lunchtime on Wednesday, posting the second biggest drop on the OMXS30 index of 30 leading Swedish stocks, behind Alfa Laval.

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