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.
Download the ASSA ABLOY Annual Report 2020 as a PDF or order a printed copy at assaabloy.com