Annual report 2022

Another strong year

"In 2022, demand recovered in most of our core markets to above pre-pandemic levels and we can report a very strong organic sales growth of 12% that contributed to an operating profit increase of 31%.

While the demand was strong, the operational environment was challenging, primarily due to unprecedented supply chain disruptions and high inflationary pressure. With our decentralized operating model and our strong operations team, we were able to mitigate these challenges.

We continued to invest for the future and our investments in product innovation increased by 23%. We also completed 21 acquisitions. Our science-based targets were ratified in line with the Paris agreement and since 2019 we have reduced our absolute greenhouse gas emissions by 20%."

Latest annual reports

  • Annual Report 2024

    We can look back at a successful year in which ASSA ABLOY reached several milestones in a challenging market. Availiable in English and Swedish. 

  • Annual Report 2023

    We showed strong results in a year of slower economic growth. Available in English and Swedish.

  • Annual Report 2022

    Read how we continued to accelerate growth during 2022. Available in English and Swedish.

  • Annual Report 2021

    Read how our focus increased on growth-accelerating activities in 2021. Available in English and Swedish.

  • Annual Report 2020

    Read how our strategy served us well in the challenging year that was 2020. Available in English and Swedish.

  • Annual Report 2019

    Read how our strategy increased sales by 12% in 2019. Available in English and Swedish.

  • Annual Report 2018

    Read how our strategy increased sales by 10% in 2018. Available in English and Swedish.

  • Annual Report 2017

    Read how our strategy increased sales by 7% in 2017. Available in English and Swedish.

  • Annual Report 2016

    Read how our strategy increased sales by 5% in 2016. Available in English and Swedish.

  • Annual Report 2015

    Read how our strategy increased sales by 20% in 2015. Available in English and Swedish.