Lockmaking giant Assa Abloy has ruled out further job losses at its Midland operations as it beat second quarter profit and sales forecasts.
The firm, which is the world's biggest lock maker, employs around 1,000 in Willenhall and Wolverhampton.
Around 200 jobs have gone in the last 18 months as part of the Swedish firm's restructuring, with 100 more voluntary redundancies planned by the end of this year.
But Tzachi Wiesenfeld, managing director of the firm's UK arm, said there were no plans for further job cuts.
He said: "You can never tell exactly for the future, but we do not have any more plans for job losses.
"Our Willenhall operations will be consolidated at our Portobello Road site early next year, but that is all."
Mr Wiesenfeld said the company had enjoyed a positive performance in the UK, boosted by its increased presence in the DIY market.
Its range of door furniture and locks, which sell under the Yale, Chubb and Union brands, were now being sold at outlets like B & Q and Homebase.
Mr Wiesenfeld said: "We have been investing it the DIY arm of the business over the last 12 months and that is now beginning to pay off.
"Overall the results in the UK have been positive, and we have been growing. This has been helped by existing products into DIY outlets and new products which are easier for customers to fit themselves."
Globally, pretax earnings rose to £65.6 million from £58.9 million a year ago, and compared with an average forecast of £64.95 million.
"The market had feared that organic growth would be weak and it is now breathing a sigh of relief," Kaupthing analyst Peder Frolen said.
"But profitability could have been better at these kind of sales volumes."
The firm, which was stung by lacklustre demand and price pressure going into the year, said sales in the second quarter reached £510 million compared with £474 million in the year-ago quarter and the £496 million expected.
Organic sales growth, which excludes acquisitions, divestments and currency effects, came in at six per cent versus an expected 4.7 per cent and well above the two per cent which dismayed investors in the first quarter.
The firm said organic growth would continue to rise at a good rate this year, though it was likely to be shy of its long-term target of five per cent after a sluggish start.
Demand in Europe, where the group generates just under half of its revenue, has been slow over the past couple of quarters while sales growth in the Americas has been firmer.
Organic sales growth was seven per cent for the North and South American unit while it reached four per cent at the firm's unit for Europe, Africa and the Middle East.