Gunnebo Interim Report January-September 2010

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Third quarter 2010

• Order intake increased organically by 3 per cent and amounted to MSEK 1,551 (1,561).
• Net sales increased organically by 5 per cent and amounted to MSEK 1,580 (1,572)
• Operating profit increased to MSEK 86 (28) and the operating margin to 5.4 per cent (1.8).
• Operating profit excluding expenses of a non-recurring nature amounted to MSEK 98 (42) and the operating margin to 6.2 per cent (2.7).
• Profit after tax totalled MSEK 39 (-12).
• Earnings per share were SEK 0.50 (-0.20).
• The operating cash flow amounted to MSEK 72 (163).

January-September 2010

• Order intake increased organically by 6 per cent and amounted to MSEK 5,001 (4,954).
• Organic net sales were unchanged and totalled MSEK 4,667 (4,959).
• Operating profit increased to MSEK 136 (50) and the operating margin to 2.9 per cent (1.0).
• Operating profit excluding expenses of a non-recurring nature amounted to MSEK 190 (99) and the operating margin to 4.1 per cent (2.0).
• Profit after tax totalled MSEK 32 (-43).
• Earnings per share were SEK 0.40 (-0.70).
• The operating cash flow amounted to MSEK 73 (461).

“We can see a continued positive development in both the order intake and net sales in the third quarter. Growth is particularly strong in Asia and Africa where Gunnebo has strong platforms for development. Our competitive force in these regions will strengthen further in the future thanks to our current initiatives, among others in China”, comments Gunnebo Presidnet & CEO Per Borgvall.

“The “Get It Right” action programme has helped improve the figures. Our earning capacity has been further strengthened during the quarter, with an improved gross margin and lower fixed costs in relation to net sales.”

See full report as attachment to this press release.

The interim report will be presented by Gunnebo’s President and CEO Per Borgvall and CFO Hans af sillén at a phone conference October 28th 10.00 CET. To participate in the conference, please sign up using the link below. When registering, you will receive a phone number and a password:
https://eventreg1.conferencing.com/webportal3/reg.html?Acc=720511&Conf=174922

On Gunnebo’s website you will also find presentation material for download one hour prior to the conference starts.

GUNNEBO AB (publ)
Group Communications

For further information, please contact:
Per Borgvall, President and CEO Gunnebo AB, tel. +46 31 83 68 00, or
Hans af Sillén, CFO Gunnebo AB, tel. +46 31 83 68 00, or
Karin Wallström, Group Communication Manager Gunnebo AB, tel. +46 31 83 68 06, mobile: +46 708 28 33 39, or e-mail karin.wallstrom@gunnebo.com

www.gunnebo.com

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 October 28, 2010.

Gunnebo security group has an annual turnover of MEUR 640 and 5,900 employees. We are suppliers of integrated security solutions for bank, retail and sites in need of high security protection. Our experience and presence make your world safer.

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