Annual Report 2024

Margin within the target range

“We can look back at a successful year in which ASSA ABLOY reached several milestones,” says Nico Delvaux, President & CEO of ASSA ABLOY. “In a challenging market we delivered record earnings with the operating margin in line with our financial target. We achieved our Scope 1 & 2 carbon emission reduction target one year ahead of plan. During the year, we also celebrated the 30th anniversary of ASSA ABLOY and its remarkable journey. ASSA ABLOY is the global leader in access solutions and with continued focus and investments in innovation, we have a favorable position from which we will continue to lead our industry going forward.”

The annual report includes ASSA ABLOY’s first Corporate Sustainability Report Directive (CSRD), one year ahead of the mandatory requirement. The CSRD report provides further details on ASSA ABLOY’s work on sustainability including key outcomes in 2024.