Gunnebo Interim Report January-June 2015
Comments by Gunnebo’s President and CEO Henrik Lange
“Order intake increased organically by 14% during the second quarter. Several major orders were received during the quarter, including one in Indonesia from OKI Pulp & Paper worth MUSD 25, and a five-year framework agreement with Stockholm’s public transport company, SL, for project planning and installation of ticket gates at new and existing metro stations.
During the second quarter net sales amounted to MSEK 1,516, an organic decrease of 4% mainly attributable to weak sales in Asia. The weak development in the state-owned banks in India continued during the quarter. In Europe organic net sales remained relatively unchanged, while Region Americas saw an increase in organic net sales.
One-off costs during the quarter burdened profit by MSEK 22, relating to cost adaptations in Europe and changes in the Group Executive Team. Adaptation of fixed costs in Europe will remain a high priority for the Group.
Operating profit excluding items of a non-recurring nature amounted to MSEK 102 (98) during the quarter, and the operating margin to 6.7% (6.9%).
Susanne Larsson was appointed the new CFO of Gunnebo during the quarter. She will take up her post in mid-August and will be part of the Gunnebo Group Executive Team.”
SECOND QUARTER 2015
- Order intake increased to MSEK 1,662 (1,330), organically it increased by 14%.
- Net sales totalled MSEK 1,516 (1,419), organically a decrease of 4%.
- Operating profit decreased to MSEK 80 (141) and the operating margin to 5.3% (9.9%).
- Operating profit excluding items of a non-recurring nature amounted to MSEK 102 (98) and the operating margin to 6.7% (6.9%).
- Profit after tax for the period totalled MSEK 51 (106).
- Earnings per share were SEK 0.64 (1.40).
- Free cash flow amounted to MSEK -42 (44).
JANUARY - JUNE 2015
- Order intake increased to MSEK 3,427 (2,836), organically it increased by 9%.
- Net sales totalled MSEK 2,913 (2,669), organically a decrease of 3%.
- Operating profit decreased to MSEK 109 (159) and the operating margin to 3.8% (6.0%).
- Operating profit excluding items of a non-recurring nature amounted to MSEK 140 (136) and the operating margin to 4.8% (5.1%).
- Profit after tax for the period totalled MSEK 40 (103).
- Earnings per share were SEK 0.51 (1.36).
- Free cash flow amounted to MSEK -185 (-24).
Full report is attached to this press release.
Invitation to Telephone Conference on July 17, 09.30 (CET)
To participate in the conference, please sign up using the link below:
https://eventreg2.conferencing.com/webportal3/reg.html?Acc=467472&Conf=220443
Once registered, you will receive a phone number and a password.
09:25 Call in to the conference
09:30 Review of the interim report by Gunnebo’s President and CEO, Henrik Lange
09:55 Questions and answers
10:15 Closing of telephone conference
Copies of the presentation will be available 30 minutes prior to the telephone conference on www.gunnebogroup.com. Attending from Gunnebo AB are President and CEO Henrik Lange. A recording of the telephone conference will be available on www.gunnebogroup.com from late afternoon July 17.
GUNNEBO AB (publ)
Group Finance
For more information, please contact:
Henrik Lange, President & CEO Gunnebo AB, tel. +46 10 2095 032
Gunnebo discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.01 CET on July 17, 2015.
The Gunnebo Security Group is a global leader in security products, services and solutions with an offering covering cash handling, safes and vaults, entrance security and electronic security for banks, retail, CIT, mass transit, public & commercial buildings and industrial & high-risk sites.
The Group has an annual turnover of €610 million, employs 5,700 people and has sales companies in 32 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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