Annual report 2023

Very strong results in a year with slower economic growth

"2023 was once again a successful year for ASSA ABLOY with a record financial result in a year with slower macro economic growth. We had good organic sales growth of 3%, improved the operating result significantly and achieved an operating margin of 15.8%, despite consolidation of HHI, our largest ever acquisition and 23 more acquisitions.

We also made good progress on our sustainability program and our absolute Scope 1 & 2 carbon emissions have decreased by 23% since 2019. We have continued to invest in innovation and are in a strong position to lead the industry transition to more electromechanical and connected access solutions in the coming years."

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.