Gunnebo Year-End Release January-December 2014
Comments by Gunnebo’s President and CEO Per Borgvall “The fourth quarter represented a strong end to a year that has continued to develop the Group in the right direction. The good profit development, with a fourth quarter operating margin of 9.4% excluding non-recurring costs, combined with a greater focus on working capital, contributed to a strong cash flow for both the quarter and the year as a whole. Sales decreased organically by 2% during the quarter compared to the previous year. Our growth regions Asia-Pacific (APAC) and Americas showed an organic growth of 5% and 2%