Allgon Annual Report 2024
Strong Foundation Amid Global Uncertainty
Allgon AB, a global leader in industrial wireless control solutions, has published its Annual Report for 2024, reflecting a year of resilience and strategic progress amid challenging geopolitical and economic conditions. Despite disruptions across key markets, particularly in Europe, Allgon maintained a stable market position, laying a robust foundation for growth in 2025.
Financial Highlights
- Net Sales: SEK 718.8 million (up from SEK 707.9 million in 2023), with a 1.2% organic decrease excluding acquisitions.
- Operating Profit (EBIT): SEK 89.5 million, representing an operating margin of 12.4%.
- Profit for the Year: SEK 54.1 million.
- Employees: 480 globally across 23 countries.
The acquisition of Sistematica contributed significantly to revenue, strengthening Allgon’s product offering and market reach.
Strategic and Technological Advancements
Allgon’s strategic roadmap remained centered on innovation, efficiency, and market expansion. A major milestone was the launch preparation of the Allgon Common Platform (ACP)—a next-generation, flexible, and secure wireless control platform unveiled at the Bauma trade fair. The ACP promises regulatory compliance, system compatibility, and user-friendly features via the FieldManager™ mobile app.
Additionally, Allgon reinforced its development capacity by appointing Claes Seth as Chief Technology Officer and expanding its ERP and CRM infrastructure to improve customer and internal operations.
Global Growth and Key Partnerships
Allgon continued to expand globally, particularly targeting strategic markets in Asia and North America. Showcased partnerships with QTS in the UK and Rolba in Sweden demonstrated the adaptability and effectiveness of Allgon’s solutions in diverse industrial applications—enhancing safety, efficiency, and customer satisfaction.
Commitment to Sustainability
Sustainability remains integral to Allgon’s operations. In 2024, Allgon:
- Reported a total of 34,026 tons CO2e in emissions (down from 38,661 tons).
- Launched foundational training in sustainability, completed by 99% of employees.
- Set 2025 targets including a 15% reduction in upstream transport emissions.
- Progressed toward CSRD compliance and expanded supplier Code of Conduct adherence.
The company also initiated plans to rebuild a hydropower plant at its Dalarna facility, reinforcing its commitment to renewable energy.
Outlook for 2025
Looking ahead, Allgon is cautiously optimistic. The group will pursue renewed growth through product innovation, market expansion, and enhanced organizational agility. Focus areas include sustainability integration, value chain optimization, and development of new sales channels across emerging markets.
Read the Full Report
For a detailed review of Allgon’s performance, strategy, and forward-looking commitments, we invite stakeholders, partners, and media to read the full Allgon AB Annual Report 2024, available at www.allgon.com.
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 Sistematica, Tele Radio, and Åkerströms.
