Gunnebo Interim Report January-March 2016

Comments on the first quarter by Gunnebo’s President and CEO, Henrik Lange:

“In the first quarter of 2016 we report an organic growth which is the third
consecutive quarter showing organic growth, this quarter driven fully by a good
development in Asia. The operating profit and the operating margin excluding non
-recurring items improved compared to last year. We can also report a positive
free cash flow for the quarter which is an improvement of MSEK 150 compared to
the first quarter of last year.”

Development of our business
“The worldwide increase in awareness about security has resulted in increased
interest in many of Gunnebo’s solutions. Cash Management sales have also
continued to develop positively in the first quarter. In addition to several
orders received in Europe, we have also taken our first order in Vietnam.

Entrance Security has seen a positive development in sales during the quarter
due to the increased security awareness. High-security doors and partitions are
efficient solutions for any high-risk site that wants to raise its level of
entrance security and control access across its location.

Safes & Vaults have shown a small sales decline overall during the quarter. The
ATM business grew while the market for graded safes and vaults declined due to
the continued consolidation of bank branches in many markets.

Electronic Security sales declined during the period, most notably in the
Americas. In Europe, the largest market for Gunnebo’s Electronic Security
offering, sales were flat.”

Improved result and free cash flow
“In the first quarter Gunnebo showed organic growth of 1% in sales with an
operating margin excluding non-recurring items of 4.2%. This represents an
improvement of 1.5 percentage points compared to the same period last year. The
free cash flow was MSEK 7 for the quarter, an improvement of MSEK 150 compared
to the same period last year.”

Updated strategy
“At our Capital Market Day in mid-March we shared a summary of our updated
strategy for profitable growth which we have now started to deploy throughout
the organisation. For more information about our updated strategy, please see
www.gunnebogroup.com.”

 FIRST QUARTER 2016

  · Net sales amounted to MSEK 1,390 (1,397), organically they increased by 1%.
  · Operating profit increased to MSEK 53 (29) and the operating margin was 3.8%
(2.0%).
  · Operating profit excluding items of a non-recurring nature amounted to MSEK
58 (38) and the operating margin to 4.2% (2.7%).
  · Profit after tax for the period totalled MSEK 20 (-11).
  · Earnings per share were SEK 0.26 (-0.13).
  · The free cash flow amounted to MSEK 7 (-143).

Full report is attached to this press release.
Invitation to Telephone Conference on April 27, 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=194449

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
09:50  Questions and answers
10:00  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, CFO Susanne Larsson and Communication Director Karin
Wallström.

A recording of the telephone conference will be available on
www.gunnebogroup.com from late afternoon April 27.

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 April 27, 2016.
The Gunnebo Group is a global leader in security products, services and
solutions with an offering covering Cash Management, Entrance Security, Safes
and Vaults 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.