Gunnebo Year-End Report 2016
Comments on the fourth quarter by Gunnebo’s President and CEO, Henrik Lange “The fourth quarter was a strong end to the year with a turnover of MSEK 1,776, which is an increase of 6%. Organically, sales increased by 3% and the operating margin ex-cluding non-recurring items amounted to 9.7%. For the full year, we reported an operating margin excluding non-recurring items of 7.2%, which means we have met our financial target of a 7% operating margin. DEVELOPMENT OF OUR BUSINESSRegion EMEA showed organic sales growth of 2% during the fourth quarter. Sales were strong primarily in