NEWSReports

Annual Report 2020 released

2021-01-20

1 min read

ASSA ABLOY Group’s 2020 Annual report is now available to download. Learn more about our financial development, who we are, and what we do.

The year in brief

Sales decreased by 7% to SEK 87,649 M (94,029) due to the negative effects from the outbreak of the Covid-19 pandemic and exchange rates.
Twelve acquisitions were completed, contributing to net acquired growth of 4 % for the year
Operating income was negatively affected by Covid-19, while cash flow was strong. Operating margin excluding items affecting comparability was 13.6 % (15.9).
Investments in product development continued at a fast pace. 25% (27) of sales were generated by products launched during the last three years.