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Gunnebo: Gunnebo Year-End Release 2015

Comments on the third quarter by Gunnebo's President and CEO, Henrik

"Order intake during the quarter was good and increased organically in
all regions. Organic order intake for the Group as a whole increased
by 3%, primarily driven by the Entrance Security and Cash Management
product groups.

In Entrance Security, orders were received during the quarter from
Hamburg Airport and two large airports in Canada, and also from metro
lines in the Chinese cities of Tianjin and Shenzhen. These orders all
involved the delivery and installation of entrance security gates.

Growth has been good in Cash Management during the quarter. By
introducing the Group's offering on new markets, Gunnebo is working
actively to develop its business in this area. For instance, the
offering was successfully launched in Mexico during the quarter, and
the first order has been received.

Another important part of the Group's strategic agenda is to grow the
business with both national and international key customers. During
the quarter, a French jewellery chain the Group has been working with
for a long time ordered vaults for its stores in the USA. Meanwhile,
the French grocery chain, Carrefour, has engaged Gunnebo to provide a
complete electronic security solution for its stores in Brazil.

Net sales amounted to MSEK 1,677 during the fourth quarter, which
equates to organic growth of 2%. This positive development is
primarily attributable to increased sales of solutions for Cash
Management and Entrance Security as well as Service. The EMEA and
Asia-Pacific regions both showed organic growth, while in Region
Americas the trend was negative due to weaker sales in the bank
sector in North America.

Gunnebo continued to optimise the production structure for Cash
Management during the quarter, as a consequence of acquiring Sallén
in July 2015. Manufacturing will therefore be relocated from the
factory in Trier, Germany, to other Gunnebo factories during 2016.

Operating profit amounted to MSEK 121 (116) during the quarter, and
the operating margin to 7.2% (7.4%). The operating profit includes
one-off costs of MSEK 28 (32) relating to the relocation of
production from Trier and ongoing cost adaptations in Europe. The
operating margin excluding one-off costs totalled 8.9% (9.4%)."

Henrik Lange, President and CEO
Gunnebo AB


Order intake increased to MSEK 1,345 (1,266), organically it increased
by 3%.

Net sales increased to MSEK 1,677 (1,574), organically they increased
by 2%.

Operating profit increased to MSEK 121 (116) and the operating margin
was 7.2% (7.4%).

Operating profit excluding items of a non-recurring nature amounted to
MSEK 149 (148) and the operating margin to 8.9% (9.4%).

Profit after tax for the period totalled MSEK 80 (88).

Earnings per share were SEK 1.05 (1.15).

The free cash flow amounted to MSEK 218 (271).


Order intake increased to MSEK 6,191 (5,433), organically it increased
by 5%.

Net sales increased to MSEK 6,052 (5,557), organically they were

Operating profit amounted to MSEK 320 (352, of which MSEK 73 related
to the gain from the sale of Fichet-Bauche Télésurveillance). The
operating margin totalled 5.3% (6.3%).

Operating profit excluding items of a non-recurring nature amounted to
MSEK 397 (366) and the operating margin to 6.6% (6.6%).

Profit after tax for the period amounted to MSEK 168 (227).

Earnings per share were SEK 2.18 (2.98).

Free cash flow amounted to MSEK 56 (223).

The Board proposes a dividend of SEK 1.00 (SEK 1.00) per share.

Full report is attached to this press release.
Invitation to Telephone Conference on February 4, 09.30 (CET)

To participate in the conference, please sign up using the link below:


Once registered, you will receive a phone number and a password.

09:25 Call in to the conference
09:30 Review of the interim report by Gunnebo's President and CEO,
Henrik Lange

09:55 Questions and answers
10:15 Closing of telephone conference
Copies of the presentation will be available 30 minutes prior to the
telephone conference on www.gunnebogroup.com. Attending from Gunnebo
AB are President and CEO Henrik Lange and CFO Susanne Larsson.

A recording of the telephone conference will be available on
www.gunnebogroup.com from late afternoon February 4.

Group Communication

For more information, please contact:
Henrik Lange, President & CEO Gunnebo AB, tel. +46 10 2095 032, or
Susanne Larsson, CFO Gunnebo AB, tel. +46 10 2095 032, or
Karin Wallström, Marketing & Communication Director Gunnebo AB,
tel. +46 708 283339, or e-mail karin.wallstrom@gunnebo.com

Gunnebo discloses the information provided herein pursuant to the
Swedish Securities Markets Act and/or the Financial Instruments
Trading Act. The information was submitted for publication at 08.01
CET on February 4, 2016.

The Gunnebo Group is a global leader in security products, services
and solutions with an offering covering cash handling, safes and
vaults, entrance security and electronic security for banks, retail,
CIT, mass transit, public & commercial buildings and industrial &
high-risk sites.

The Group has an annual turnover of €660 million, employs 5,500 people
and has sales companies in 32 countries across Europe, Middle East &
Africa, Asia-Pacific and the Americas as well as Channel Partners on
over 100 additional markets.

We make your world safer.


Författare WKR

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