Lockmaker Assa Abloy’s Q3 profit grows more than expected By Reuters

STOCKHOLM (Reuters) – Assa Abloy (OTC:), the world’s biggest lockmaker, on Wednesday reported third-quarter earnings above expectations helped by double-digit organic sales growth in most markets.

The Swedish group’s operating profit grew to 4.97 billion crowns ($453.3 million) from a year-earlier 3.39 billion, against a mean forecast of 4.65 billion in a Refinitiv poll of analysts.

($1 = 10.9640 Swedish crowns)