STOCKHOLM (Reuters) – Assa Abloy, the world’s biggest lockmaker, reported fourth-quarter operating earnings slightly above market forecasts on Friday and proposed raising its annual dividend.
The Swedish group’s operating profit grew to 4.01 billion crowns ($441.95 million) from a year-earlier 2.11 billion, against a mean forecast of 3.87 billion in a Refinitiv poll of analysts.
($1 = 9.0734 Swedish crowns)
(Reporting by Anna Ringstrom; editing by Niklas Pollard)
