Gunnebo Year-End Release 2015


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

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

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 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.

Attachments

02037703.pdf