Gunnebo January-June interim report 2012
Comments by Gunnebo’s President and CEO Per Borgvall
“The Group has had a stable order intake during the second quarter. The strong growth in the Asia-Pacific region is continuing, and in the first half of the year the order intake in India increased by over 50%. The French market continued to develop well and in Europe order intake has increased by 3% during the first half year, despite a decline of some 25% on the markets in Spain, Italy and Portugal. A good order intake during the year’s first six months bodes well for strong net sales during the second half of the year.
The growth is mainly driven by business within Bank Security & Cash Handling and Secure Storage, areas where the Group has strong market positions in Europe and on the large growth markets in Asia.
During the first half of 2011 a larger delivery to a central bank was made, which gives a strong comparison period. This is the explanation to the lower operating profit.
At the end of the first half of 2012, the Group has retained its strong financial position with an equity ratio of 43%, which provides us with good room for manoeuvre to invest in growth opportunities on the global security market.”
Second quarter 2012
- Order intake improved to MSEK 1,254 (1,222), in constant currency rates an increase of 3%.
- Net sales amounted to MSEK 1,270 (1,266), in constant currency rates they were largely unchanged.
- Operating profit amounted to MSEK 42 (74) and the operating margin to 3.3% (5.8%).
- Profit after tax for the period totalled MSEK 24 (40).
- Earnings per share were SEK 0.32 (0.53).
January-June 2012
- Order intake amounted to MSEK 2,849 (2,693), in constant currency rates it increased by 5%.
- Net sales improved to MSEK 2,439 (2,398), in constant currency an increase by 2%.
- Operating profit amounted to MSEK 52 (97) and the operating margin to 2.1% (4.0%).
- Profit after tax for the period totalled MSEK 21 (33).
- Earnings per share were SEK 0.28 (0.44).
Full report is attached to this press release.
Invitation to the Interim Report January - June 2012 phone/ web conference
The interim report will be presented by Gunnebo’s President and CEO Per Borgvall and CFO Bernt Ingman at a phone/web conference July 20, 09.00 CET.
To join the telephone conference please dial a number from the list below. An operator will then ask you for the conference ID (also given below).
Calling from Sweden: +46 (0)8 5052 0110
Calling from outside Sweden: +44 (0)20 7162 0077
Conference ID: 918558
Via telephone conference you will be able to listen to the presentation and ask questions in the Q&A session. The presentation can be downloaded before the conference from www.gunnebogroup.com.
To join the conference on the web, click on the link below to register your details.
http://webeventservices.reg.meeting-stream.com/65351_gunnebo/
Via the web you can listen to and watch the presentation and ask questions online.
Please note that it is possible to both dial in to the conference and participate in the web presentation at the same time.
GUNNEBO AB (publ)
Group Communications
For further information, please contact:
Per Borgvall, President and CEO Gunnebo AB, tel. +46 10 2095 000, or
Bernt Ingman, CFO Gunnebo AB, tel. +46 10 2095 046, or
Karin Wallström, Communication & IR Director Gunnebo AB, tel. +46 10 2095 026, or e-mail karin.wallstrom@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 July 20, 2012.
The Gunnebo Security Group provides efficient and innovative security solutions to customers around the globe. It employs 5 500 people in 31 countries across Europe, Asia, Africa, Australia and Americas, and has a turnover in excess of €540m. 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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