Gunnebo CEO announces next phase: Delivery
Today the Gunnebo Security Group hosts its annual Capital Market Day in Stockholm. The day will be opened by Gunnebo’s President and CEO, Per Borgvall. In his opening speech, entitled “From Get It Right via Strategy Execution to Delivery”, he will announce the next phase in Gunnebo’s development: delivery 2013-2014.
Quotes from Gunnebo’s President & CEO Per Borgvall:
“Gunnebo is ready to enter into a new phase in 2013-2014: Delivery. This phase is all about outperforming our current financial goal of an EBIT of 7 per cent. Today, we see good growth on the markets outside Europe: 22 per cent in Region Asia Pacific and a remarkable 45 per cent in Region Americas. However we are still struggling to get our overall margins in order. The delivery phase will very much be about addressing these two items through boosting growth in Asia Pacific and Americas, and by reviewing our fixed costs in Europe.”
“In a way we have already started to deliver on the next phase through the acquisition of Hamiton Safe Companies a few week’s back. Hamilton is a profitable business, working with customers and products we know on a market that is more or less untouched by Gunnebo. This opens up many interesting opportunities to introduce a selection of our global offering to the world’s second largest security market: the US.”
“Key success factors for Gunnebo moving into the next phase - Delivery - will be management, our ability to execute the plans we have made, the continued movement of the point of gravity away from Europe, and last but not least, boosting growth through acquisitions, investment in our core business and investment in our Global Services offering.”
Gunnebo may be required to disclose the information provided herein pursuant to the Swedish Securities Markets Act. The information was submitted for publication at 08:31 CET on September 20, 2012.
GUNNEBO AB (publ)
Group Communications
For further information, please contact:
Per Borgvall, President and CEO Gunnebo AB, tel. +46 10 2095 000, or
Karin Wallström, Communication & IR Director Gunnebo AB, tel. +46 10 2095 026, or e-mail: karin.wallstrom@gunnebo.com
www.gunnebogroup.com
The Gunnebo Security Group provides efficient and innovative security solutions to customers around the globe. It employs 5 800 people in 31 countries across Europe, Asia, Africa, Australia and Americas, and has a sales in excess of €580m. Gunnebo focuses its global offering on Bank Security & Cash Handling, Secure Storage, Global Services and Entrance Control.
We make your world safer.
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