04.02.2016 08:16:00
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Gunnebo Year-End Release 2015
Regulatory News:
Gunnebo AB (STO:GUNN)
Comments on the third quarter by Gunnebo’s President and CEO, Henrik Lange
"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
FOURTH QUARTER 2015
· 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).
2015 AS A WHOLE
· 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 unchanged.
· 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:
https://eventreg1.conferencing.com/webportal3/reg.html?Acc=922949&Conf=193893
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.
GUNNEBO AB (publ)
Group Communication
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.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20160203006700/en/
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