English

2023 Annual & Sustainability Report

Report this content

The Allgon Group, a leader in radio remote control systems, has released its latest Annual Sustainability Report, showcasing advancements in sustainability, environmental impact reduction, and social responsibility.

Strategic Vision and Mission

Vision: To establish industrial workplaces centered on user safety and well-being.

Mission: To offer safe and reliable remote technology solutions.

 

Core Organizational Values

  • Safety centric culture
  • Effective Partnership
  • Passion and curiosity for innovation

 

Commitment to Innovation and Quality

Allgon strives to:

  • Delivering superior, responsible solutions
  • Encouraging staff innovation and initiative
  • Building lasting, honest relationships

 

From the CEO

Allgon aims to make workplaces safer and more efficient, strengthening its global market position in wireless control and machine communication solutions. By prioritizing innovation and reliability, Allgon aspires to be the top choice for safety-conscious customers.

 

Financial Highlights

  • Net Sales: SEK 707.9 million (up by SEK 91 million)
  • Gross Profit: SEK 540.1 million
  • Operating Margin: 15.3%

 

Allgon’s Market

With Industry 4.0 and increased automation, Allgon's advanced solutions are becoming integral to industrial environments. Allgon is investing in new technologies, optimizing processes, and maintaining robust customer relationships.

 

Organizational Development

  • Workforce: 400 employees across 23 countries
  • Expansion: New sales company in Denmark; two more subsidiaries planned for 2024
  • Integration: R&D, product management, sustainability, and quality departments centralized within Allgon

 

Challenges and Opportunities

  • Component Chain Disruptions: Minimized impact through strategic management
  • Single Technology Platform: Development in progress, launching end of 2024
  • Economic Uncertainty: Proactive inventory strategy to navigate potential recessions

 

Sustainability Initiatives

  • Collaboration with Bure Equity on reducing energy consumption and greenhouse gas emissions
  • Contributions to World Wildlife Fund and "Tecnico Solar Boat" project
  • Goal to reduce air transport use by 10% in 2024

  

Outlook for the Future

Allgon aims for continued growth through market share expansion, new subsidiaries, and acquisitions. By dividing manufacturing between China and Vietnam, Allgon is improving cost efficiency and reducing geopolitical risks, aiming for market leadership by 2027.

 

Ola Samelius

CEO, Allgon AB

Mediakontakt

Allgon Marketing | Luis Olavarría

+31 70 4194127 | marketing@allgon.com

Information for the editors, not for publication

Allgon is a world-leading player in industrial radio control. We develop, manufacture, and deliver solutions in industrial radio control to customers around the world.

At Allgon, we have a long history of working with wireless communication. In recent years, we have focused our activities on the market for industrial radio control, where we are among the five largest players globally. Industrial radio control is used within a wide range of application areas in industrial production as well as in the construction and transport sectors. Our solutions often have a central and business-critical role in our customers' production and the safety of their employees. Industrial radio control helps to streamline the customers' business.

The majority of Allgon’s turnover is in radio remote control systems through our brands Tele Radio and Åkerströms.­­ 

Subscribe

Documents & Links