Annual report 2016

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The ASSA ABLOY Annual Report 2016 is available as a PDF and printed copies can be ordered to be delivered.

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Financials in brief 2016

  • Sales increased by 5 percent to SEK 71,293 M (68,099)
  • 13 acquisitions were completed during the year, which contributed 3 percent growth for 2016, including divestments.
  • Continued good earnings and strong cash flow achieved during the year. Operating margin excluding items affecting comparability was 15.8 percent (16.3). 
  • Investments in product development continued at a high pace and a number of new products were launched

Extract from the CEO statement

Innovation drives our market leadership

"2016 was once again a good year for ASSA ABLOY and it was very encouraging to see good growth once again in the mature markets. The trend in the emerging markets, however, was weak. Digitization and sustainable products, where the Group is the market leader, are becoming increasingly important growth drivers.

We are clearly strengthening our customer offering and gaining market share. Sales increased by 5 percent to SEK 71,293 million. The organic growth was 2 percent. Operating income increased by 2 percent to SEK 11,254 million1. The Group’s global market leadership, high rate of innovation and effective cost control strategy position us for continued profitable growth."

Johan Molin, President and CEO of ASSA ABLOY