Gunnebo interim report January-March 2013

Comments by Gunnebo’s President and CEO Per Borgvall
The first quarter is traditionally Gunnebo’s weakest. Development of net sales
outside Europe continued to be strong during the quarter. In Asia net sales
increased by 17% and the markets in North and South America developed also well.
The US operation acquired in 2012 is delivering both net sales and margins as
expected and the operation in Brazil is showing good profitable growth. Sales
outside Europe amounted to 39% of Group sales at the end of the quarter.

In Europe we are seeing continued slow development on most markets. Development
in Northern Europe is more stable whereas Southern Europe continues to be weak.
In general, the markets in Europe are characterised by uncertainty which has an
effect on investment decisions and postpones projects already decided upon. We
will continue to reduce fixed costs in Europe, as well as continue to invest in
growth on markets outside of Europe. During the quarter, expenses of a non
-recurring nature amounted to MSEK 10.

First quarter 2013

  · Order intake amounted to MSEK 1,499 (1,595), organically* it decreased by
7%. Acquired units contributed MSEK 95.
  · Net sales amounted to MSEK 1,155 (1,169), organically* they decreased by 3%.
Acquired units contributed MSEK 84.
  · Operating profit amounted to MSEK 1 (10) and the operating margin to 0.1%
(0.8%). Acquired units had a positive effect on operating profit of MSEK 10.
  · Operating profit excluding expenses of a non-recurring nature of MSEK -10 (
-4) amounted to MSEK 11 (14) and the operating margin to 0.9% (1.2%).
  · Profit/loss after tax for the quarter totalled MSEK -12 (-3).
  · Earnings per share were SEK -0.16 (-0.04).

*Organic growth is defined as “Growth in net sales, or order intake, adjusted
for acquisitions, divestments and exchange rate effects.”

Full report is attached to this press release.

Welcome to breakfast seminar with Gunnebo at Radisson Blu Waterfront Hotel i
Stockholm

Welcome to a breakfast semiar at Radisson Blu Waterfront Hotel i Stockholm (Nils
Ericsons Plan 4) April 25.

Agenda

08.15 Gunnebo’s President & CEO Per Borgvall, SVP Region EMEA Morten Andreasen
and CFO Christian Johansson present the interim report January-March
2013
09.00 Q&A

Attend the conference via the phone
It is also possible to attend the conference via phone. Please register on the
link below to receive phone number and password to be used for the conference
call:
https://eventreg2.conferencing.com/webportal3/reg.html?Acc=907326&Conf=210546 (h
t 
tp://www.gunnebogroup.com/en/media/press/Pages/%20https:/eventreg2.conferencing.
c 
om/webportal3/reg.html?Acc=907326&Conf=210546)
Copies of the presentation used during the conference will be available 10
minutes prior to the telephone conference on www.gunnebogroup.com.

A recording of the conference will be available on www.gunnebogroup.com as of
afternoon April 25.

GUNNEBO AB (publ)
Group Communications

For more information, please contact:

Per Borgvall, President & CEO Gunnebo AB, tel. +46 10 2095 026, or
Christian Johansson, CFO Gunnebo AB, tel. +46 10 2095 026, 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 April 25, 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.