Gunnebo Year-end release 2012

Comments by Gunnebo’s President and CEO Per Borgvall
“Order intake and sales both developed stably during the fourth quarter of 2012.
We are seeing a trend where development outside of Europe is still very strong.
Our Asian markets showed a 20% increase in order intake during the quarter, and
both South Africa and Australia reported growth of above 30%. The operations in
Brazil and the US also developed well during the quarter. Development on the
majority of markets in Europe, however, has been slower, particularly during the
latter part of the year.

Operating profit excluding expenses of a non-recurring nature amounted to MSEK
136 (138) during the quarter. Profit has been burdened with expenses of a non
-recurring nature amounting to MSEK -29, mainly related to cost-cutting in
Europe.

An important part of Gunnebo’s strategy is to gradually move the businesses’
point of gravity outside of Europe, to markets with good growth potential. We
have made a number of major investments during the year as the acquisition of US
Hamilton Safe and establishment of a sales company in Malaysia.

Altogether we are seeing that growth on markets outside Europe is good. At the
end of the fourth quarter this part of our business totalled as much as 39%, at
the end of 2011 the corresponding figure was 31%. The cost structure, together
with an unstable market development in Europe, is still one of the Group’s
biggest challenges.

At the end of the year the Group has a stable financial position with an equity
ratio of 39% (45%).”

Furth quarter 2012

  · Order intake increased to MSEK 1,317 (1,223), in constant currency rates it
increased by 12%. Acquired units contributed MSEK 163.
  · Net sales increased to MSEK 1,517 (1,492), in constant currency rates they
increased by 6%. Acquired units contributed MSEK 117.
  · Operating profit amounted to MSEK 107 (166) and the operating margin to 7.1%
(11.1%). Acquired units had a positive effect on operating profit of MSEK 12.
  · Operating profit excluding expenses of a non-recurring nature of MSEK -29
(28) amounted to MSEK 136 (138) and the operating margin to 9.0% (9.2%).
  · Result for the period was burdened with an expense of non-recurring nature
for write-down of financial assets of MSEK -45 and re-evaluations of deferred
tax assets in Sweden of MSEK -25.
  · Profit after tax for the period totalled MSEK 0 (153).
  · Earnings per share were SEK -0.03 (1.98).

Full year 2012

  · Order intake increased to MSEK 5,250 (5,091), in constant currency rates it
increased by 5%. Acquired units contributed MSEK 318.
  · Net sales increased to MSEK 5,236 (5,137), in constant currency rates they
increased by 4%. Acquired units contributed MSEK 275.
  · Operating profit amounted to MSEK 176 (324) and the operating margin to 3.4%
(6.3%). Acquired units had a positive effect on operating profit of MSEK 36.
  · Operating profit excluding expenses of a non-recurring nature of MSEK -87
(7) amounted to MSEK 263 (317) and the operating margin to 5.0% (6.2%).
  · Result for the period was burdened with an expense of non-recurring nature
for write-down of financial assets of MSEK -45 and re-evaluations of deferred
tax assets in Sweden of MSEK -25.
  · Profit after tax for the period totalled MSEK 22 (230).
  · Earnings per share were SEK 0.23 (3.00).
  · The proposed dividend is SEK 1.00 (1.00).

Full report is attached to this press release.

Telephone Conference on January 30 10:00 (CET)
The agenda for the telephone conference will be as follows:
09:55     Call in to the conference
10:00     Review of the year-end release by Gunnebo’s President and CEO, Per
Borgvall
10:25     Questions and answers
10:45     Closing of telephone conference

To participate in the conference, please sign up using the link below. When
registering, you will receive a phone number and a password:

https://eventreg1.conferencing.com/webportal3/reg.html?Acc=720511&Conf=186429

Copies of the presentation used during the conference will be available 30
minutes prior to the telephone conference on www.gunnebogroup.com.

A re-play of the conference will be avaibale on www.gunnebogroup.com during the
afternoon January 30.

GUNNEBO AB (publ)
Group Communications

For more information, please contact:

Per Borgvall, President & CEO Gunnebo AB, tel. +46 10 2095 032, or
Karin Wallström, Communication & IR Director Gunnebo AB, tel. +46 10 2095 026 or
e-mail karin.wallstrom@gunnebo.com
www.gunnebogroup.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 January 30, 2013.
The Gunnebo Security Group provides efficient and innovative security solutions
to customers around the globe. It employs 5 700 people in 32 countries across
Europe, Asia, Africa, Australia and Americas, and has a turnover of €580m.
Gunnebo focuses its global offering on Bank Security & Cash Handling, Secure
Storage, Global Services and Entrance Control.

We make your world safer.