By Elviira created
(Reuters) – The CEO of the world’s largest lock maker said on Wednesday – The CEO of the world’s largest lock maker said on Wednesday that Reuters, CEO of the world’s largest lock maker on Wednesday, said on Wednesday that “Reuters) said -” Reuters) said – “Reuters) said -” Reuters) The CEO of the largest lock maker in the world on Wednesday that “Reuters) – CEO of the world’s largest lock maker said on Wednesday that” Reuters) said on Wednesday that “Reuters) – CEO of the largest lock maker said In the world on Wednesday, “Sweden Asea Appleui” plans to raise their prices if US President Donald Trump advances with the customs tariff for Canada and Mexico.
On Monday, Trump stopped threatening 25 % of the tariff on Mexico and Canada for 30 days, while his additional tariff entered 10 % in all Chinese imports in the United States on Tuesday.
CEO Niko Delvo told Reuters, adding that if temporary duties are carried out, she will also seek to compensate them through high prices.
“We are the market leader in most of the things we do in the United States,” Delvo said. “Therefore, we must also play the role of our being the first to come with price increases and we are confident that our colleagues are in the market … they will follow these prices.”
Assa Abloy, whose products range from safety doors to electronic and mechanical locks under brands such as Yale, said on Wednesday that the very weak demand in China continued to influence its business in Asia and the Pacific in the fourth quarter.
The company, which was suffering from many circles due to the weak real estate market in China, said that organic sales in the Asia and Pacific sector decreased by 11 % in the quarter, while only changed at the group level.
However, Assa Ablay sees very good momentum in its main markets – North America, Europe and Oceania – where commercial activity remains very high, Delvaux said.
On the basis of reported, the company’s sales grew by 7 % in the fourth quarter, which was reinforced by the recent acquisitions. It carried out eight acquisitions in the last quarter and 26 in 2024.
The profit of the semester, with the exception of elements that affect the comparative capacity, increased by 14 % to 6.53 billion Swedish crowns ($ 595.4 million) in the quarter.
The shares of the company decreased by 1.7 % by 1235 GMT.
($ 1 = 10.9683 Swedish crowns)
(Participate in reporting Elviir Luoma in Gdansk, Edit by Mila Nessi)