Gunnebo Industrier Holding AB (publ) – Interim financial report January – September 2017
Third quarter 2017
Order intake amounted to SEK 204 (178) million, an increase of 14,6%.
Revenue amounted to SEK 201 (180) million, an increase of 11,7%.
Operating profit before depreciation (EBITDA) was SEK 16 (15) million.
Operating profit (EBIT) was SEK 9 (7) million.
Period 1 January – 30 September 2017
Order intake amounted to SEK 654 (584) million, an increase of 12,0%.
Revenue amounted to SEK 654 (601) million, an increase of 8,7%.
Operating profit before depreciation (EBITDA) was SEK 69 (66) million.
Operating profit (EBIT) was SEK 47 (40) million.
CEO’s comments
Components, chain & shackles
The positive order intake trend continued across many markets during Q3.
The order intake 1 January 2017 – 30 September 2017 increased by 18,7% to SEK 545 (459) million.
The underlying market activity in Q3 remained on a relatively high level in a majority of the key geographies.
Continued growth in order intake in Scandinavia and Western Europe as a result of growth activities as well
as improving market demand. The growth came primarily from construction, general industry, fish farming/
aquaculture and trawl fishing.
The positive order intake trend in the US continued in Q3 as a direct result of implemented growth activities.
The global market demand from the Oil & Gas industry is still on a relatively low level, but new business from
this industry has contributed to growth in comparison to last year.
Blocks & sheaves
Sales of Crane blocks to mobile crane manufacturers and sheaves to the Oil & Gas industry continued to suffer from
weak underlying demand during Q3. The increase in rig count (US land-based) over the past 12 months has not yet
improved the demand for sheaves. The order intake 1 January 2017 – 30 September 2017 was SEK 108 (124) million.
Complete interim report
The complete interim report of Gunnebo Industrier Holding AB (publ) for the period January – September 2017 may
be downloaded from the company’s website (www.gunneboindustries.se)
For further information, please contact: Kristian Gyllling, CFO, +46 (0) 722 042 260, kristian.gylling@gunneboindustries.com.
This information
The information in this press release is information that Gunnebo Industrier Holding AB (publ) is required to make public
pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act (2007:528). The information was
provided by the contact person above on 30 November 2017 at 12:00 CET.
Gunnebo Industries is global leader in innovating, developing, manufacturing and selling products for material handling
and other related applications. We supply the market with products such as blocks, sheaves, components for chain-
and wire rope slings, shackles and chain, produced in Sweden, Norway and USA. We have 10 sales offices covering
every continent, as well as partners and distributors in additional 50 countries, making our products available no matter
where in the world they are needed. The quality of our products and expertise ensures a safe and efficient operation,
every time during all circumstances.