UPADTE 1-Assa Abloy upbeat on markets, austerity a worry

Newswire

* Q1 EBIT 1.4 billion Swedish crowns, meeting forecast * Organic sales growth 6 percent, unchanged from Q4 * Sees positive trend in most markets * Public austerity seen weighing in some segements * Shares down 2.9 percent (Adds detail, background) STOCKHOLM, April 28 (Reuters) - Assa Abloy , the world's biggest lockmaker, said it saw signs of strength in most markets, adding public spending cuts would crimp parts of its business. Assa stock was down 2.9 percent to a 10-day low ...

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