Annual report for 2021 released
The 2021 annual report for ASSA ABLOY Group is now available to download. Don’t miss out on the opportunity to learn more about the past year’s financial development, who we are, what we offer and how we create value.
Accelerating profitable growth
While markets slowly moved out of lockdowns, we focused on activities that accelerate long-term growth and profitability. Some of these include upgrading the installed base, leading the transition from mechanical to electromechanical access solutions, growing our recurring revenues, expanding in emerging markets and, last but not least, creating sustainable solutions through innovation. We also continued with our acquisition strategy. All these initiatives will strengthen our position as the leading access solution group in the industry.
The year in brief
- Sales increased by 8% to SEK 95,007 M (87,649) as many markets recovered strongly after Covid-restrictions eased up.
- In total, 13 acquisitions were completed, and two businesses were divested, contributing to net acquired sales growth of 2% for the year.
- Operating income increased by 19% to SEK 14,181 M (11,916) with an operating margin of 14.9% (13.6).
- Investments in product development continued and contributed to the launch of more than 400 products. 22% (25) of sales were generated by products launched in the last three years.
- The implementation of the 2025 sustainability program continued and resulted in improved sustainability performance across the Group versus the base year 2019.
Download the ASSA ABLOY annual report 2021 or order a printed copy at assaabloy.com.