Gunnebo interim report January-September 2006

Third quarter 2006

 The order intake during the quarter rose by 4% to MSEK 1,656 (1,588), with organic growth amounting to 6%. Invoiced sales increased by 5% to MSEK 1,640 (1,559). Organic growth in invoiced sales was 7%.
 The result after financial items but before items affecting comparability was a profit of MSEK 33 (64); after such items it was a loss of MSEK 36 (profit 37).
 Work on the Gunnebo One Company integration programme is proceeding in all essentials as planned. However, some disruptions occurred again during the third quarter, and this affected the result.
 Net cost items affecting comparability amounted to MSEK 69 (cost 27), consisting of costs associated with the previously announced Gunnebo One Company integration programme, stock write-downs and a capital gain on a property sale in Canada.
 The result after tax was a loss of MSEK 82 (loss 63).
 The loss per share amounted to SEK 1.90 (loss 1.40). Excluding items affecting comparability earnings per share amounted to SEK 0.10 (1.15).
 The operating cash flow amounted to MSEK 0 (40).

January-September 2006

 The order intake for the period increased by 2% to MSEK 5,048 (4,953). Organic growth was 1%. Invoiced sales rose by 4% to MSEK 4,786 (4,609). Organic growth in invoiced sales was 3%.
 The result after financial items but before items affecting comparability was a profit of MSEK 33 (100); after such items it was a loss of MSEK 91 (profit 29).
 Net cost items affecting comparability amounted to MSEK 124 (cost (71), consisting largely of costs associated with the previously announced Gunnebo One Company integration programme, stock write-downs and capital gains on property sales in India and Canada.
 The result after tax was a loss of MSEK 121 (loss 69).
 The loss per share amounted to SEK 2.75 (loss 1.55). Excluding items affecting comparability earnings per share amounted to SEK 0.15 (1.80).
 The operating cash flow was a negative MSEK 99 (positive 50).



Outlook for 2006 as a whole

The integration programme in connection with the re-organisation is continuing in all essentials as planned. However, the business in France, which is the Group’s largest single market, has, particularly during the first half of the year, been affected by disruptions associated with the integration process. In addition to this, Business Line Site Protection noted a weaker result than expected.

The Group’s invoiced sales is expected to show a positive development also during the fourth quarter. The result after financial items and excluding items affecting comparability for 2006 as a whole is in spite of this expected to be significantly lower than the previous year’s result (MSEK 238).

Earlier forecast: “The profit for 2006 as a whole, after financial items and excluding items
affecting comparability, is therefore expected to be slightly lower than last year’s (MSEK 238).”

GUNNEBO AB (publ)
Group Communications

For further information, please contact:
Göran Gezelius, President & CEO Gunnebo AB, tel. +46 31 83 68 00, or
Lennart Gustavsson, CFO Gunnebo AB, tel.+46 31 83 68 00, or
Janerik Dimming, SVP Group Communications Gunnebo AB, tel. +46 31 83 68 03, mobile:+46 705 83 68 03, or e-mail janerik.dimming@gunnebo.com


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