Gunnebo Interim Report January-March 2017
Comments on the first quarter by Gunnebo’s President and CEO, Henrik Lange The first quarter was a good start to the year with a turnover of MSEK 1,440 and an operating margin of 4.5% excluding non-recurring items. The operating margin in EMEA continues to improve further. DEVELOPMENT IN THE REGIONSRegion EMEA showed organic growth of 2% in the first quarter. Sales were good in almost all sub-regions whereas development in France, UK and South Africa was weaker. The operating margin continues to improve as a result of restructuring efforts. Gunnebo will continue to focus on