Gunnebo interim report January-March 2012

Comments by Gunnebo’s President and CEO Per Borgvall
”We can report a good
order intake during the quarter where the strong growth in the Asia-Pacific
region continued. In India, growth of net sales was 57 per cent. In Europe, it
is positive to see that the, for Gunnebo so important, French market continues
to develop positively.

The defined strategy has continued to be executed. The
first quarter is historically the weakest for Gunnebo, and early 2012 is no
exception. The quarter’s lower operating profit can be explained by a strong
comparison quarter 2011, increased market investments and reduced volumes in
Africa-Middle East.

Integration of the acquisitions made during the third and
fourth quarters of 2011 in South Africa and Brazil are progressing well, and
both operations have made a positive contribution to the operating profit for
the quarter.

 It is also pleasing to see that the gross margin continued to
strengthen, totalling 29.4% (28.0%). Similarly, the already strong equity ratio
continued to strengthen further, amounting to 46% (42%) at the end of the
quarter. A strong financial position gives us headroom and good possibilities to
seize the growth opportunities that exist on the global security
market.”

First quarter 2012

  · Order intake amounted to MSEK 1,595
(1,471), in constant currency rates it increased by 9%.
  · Net sales improved
to MSEK 1,169 (1,132), in constant currency rates they increased by 3%.
  ·
Operating profit amounted to MSEK 10 (23) and the operating margin to 0.8%
(2.0%).
  · Profit/loss after tax for the period totalled MSEK -3 (-7).
  ·
Earnings per share were SEK -0.04 (-0.09).

Full report is attached to this
press release.

The interim report will be presented by Gunnebo’s President
and CEO Per Borgvall and CFO Bernt Ingman at a phone conference April 26, 14.30
CET. To participate in the conference, please sign up using the link below. When
registering, you will receive a phone number and a
password:

https://eventreg2.conferencing.com/webportal3/reg.html?Acc=907326&Co
nf=208034
On Gunnebo’s website www.gunnebogroup.com you will also find
presentation material for download at around 14.00 CET.

GUNNEBO AB
(publ)
Group Communications

For further information, please contact:

Per
Borgvall, President and CEO Gunnebo AB, tel. +46 10 2095 000, or
Bernt Ingman,
CFO Gunnebo AB, tel. +46 10 2095 046, 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 14.01 CET on April 26, 2012.

The Gunnebo Security Group provides efficient and innovative security solutions
to customers around the globe. It employs 5 500 people in 31 countries across
Europe, Asia, Africa, Australia and Americas, and has a turnover in excess of
€540m. Gunnebo focuses its global offering on Bank Security & Cash Handling,
Secure Storage, Global Services and Entrance Control.

We make your world
safer.