Gunnebo Group Announces Preliminary Operating Profit for Quarter Three, 2017
The Gunnebo Group’s operating profit for the third quarter 2017 is expected to be weaker than the third quarter of 2016. The result derives mainly from three areas:
- Region Americas: mainly due to lower sales to US public authorities, as well as from the severe weather conditions in the US and the earthquake in Mexico during September.
- South Africa: where a decision to close the underutilised manufacturing unit has been made during the quarter, allowing the South African business to have full focus on sales development. The closure affects some 100 employees.
- France: where the continued business contraction has had a negative impact on the results within Gunnebo France’s large installation and service business. A strategic review has already started.
The operating profit for quarter three 2017 is expected to be MSEK 49 compared to MSEK 91 for the same period 2016. The operating profit is expected to include non-recurring costs of MSEK 18, derived mainly from the continued restructuring activities in Europe and the closure of the manufacturing unit in South Africa.
A full interim report for January-September 2017 will be published as planned on October 25, at 08.00 CET, followed by a phone conference at 09.30 CET.
GUNNEBO AB (publ)
Group Communications
For more information, please contact:
Henrik Lange, President & CEO Gunnebo Group, tel. +46 10 2095 004, or
Karin Wallström, SVP Marketing & Communications Gunnebo AB, tel. +46 10 2095 026, e-mail karin.wallstrom@gunnebo.com
This information is information that Gunnebo AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 18.01 CET on October 8, 2017.
The Gunnebo Group is a global leader in security products, services and solutions with an offering covering cash management, safes and vaults, entrance security and electronic security for banks, retail, mass transit, public & commercial buildings and industrial & high-risk sites.
The Group has an annual turnover of MSEK 6,100, employs 5,400 people and has sales companies in 28 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.
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