Summary from Gunnebo’s Capital Market Day on February 10, 2011
The Gunnebo Security Group’s Capital Market Day has taken place in Stockholm today, February 10. The day was attended by over 50 analysts, fund managers, investors and journalists.
The agenda for Gunnebo’s Capital Market Day 2011 was the following:
- An update on the Get It Right action programme, “From Get It Right to Strategy Execution”
- Financial Overview
- Presentation of Gunnebo’s Business Areas
- Presentation of Gunnebo’s Sales Regions
- Summary, including a presentation of figures for the Group‘s new reporting structure (valid as of first quarter 2011)
- Q&A
The Capital Market Day began with an opening statement by the Group’s President and CEO Per Borgvall under the heading “From Get It Right to Strategy Execution”:
“2010 has been an eventful year for Gunnebo. We have continued to focus on the Get It Right programme and implemented a new strategy, reduced the Group’s fixed costs, improved margins and carried out measures to strengthen cash flow, and have thereby improved the Group’s financial position.”
“In light of the new strategy, during the year we also established an operation for sales, procurement and production in China, acquired API’s Security Products division in Australia, which doubled our net sales on this market, and divested Troax.”
“Altogether, all the activities carried out in 2010 mean that Gunnebo is now in a stronger financial position than it has been for a very long time. The next step will be to leave the Get It Right action programme behind us and start to focus 100 per cent on executing the new strategy and ensuring it delivers the profitability we expect it to.”
After that presentations on Group financials, the Business Areas Bank Security & Cash Handling, Entrance Control, Secure Storage and Services as well as presentations on the Sales Regions followed. Please see www.gunnebo.com to view these presentations.
Gunnebo’s President and CEO then summarized the 2011 Capital Market Day through repeating the core of Gunnebo’s new strategy together with an indication and guidance on pro-forma figures for 2010 in the new reporting structure (see separate release for pro-forma figures). He also commented on the fact that some areas of operations within the Group are not included in the Group’s future strategic business scope.
“Besides our four Business Areas, we also have an organisation called Developing Businesses. This unit comprises of the three businesses Gateway, Perimeter Protection and SafePay where each organisation has its own action-oriented agenda with one common goal: profitability. We continuously evaluate different development options and strategies for these businesses to determine where they can optimize the long-term shareholder value.”
The following press releases were issued during the day:
- Appointments to Gunnebo’s Group Executive Team
- Gunnebo China signs prestigeous safe-order with Hitachi
- Gunnebo makes statements on market conditions for 2011
- Gunnebo wins MEUR 13.5 order from central bank in Africa/Middle East
- Gunnebo wins new metro-orders in China
- Guide to Gunnebo’s new reporting structure
A webcast of the presentations given during the day, along with the presentation material shown, will be available on the Gunnebo website, www.gunnebo.com, from late afternoon on February 10.
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
Gunnebo security group has an annual turnover of MEUR 650 and 5,700 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.