Results

Q3 Report 2020

Published on 4 November, 2020 at 8:00 AM CET.

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Focus on innovation and development while managing IT-incident during ongoing pandemic

Q3 2020 

  • Order intake amounted to MSEK 965 (1,547), a decrease of 38% 
  • Order book amounted to MSEK 1,326 (1,596), a decrease of 17% 
  • Net sales amounted to MSEK 1,016 (1,373), a decrease of 26% 
  • EBITA amounted to MSEK 27 (92) and the EBITA margin was 2.7% (6.7)
  • Adjusted EBIT amounted to MSEK 24 (89) and the adjusted EBIT margin was 2.4% (6.5)
  • Net profit for the period amounted to MSEK –70 (39)
  • Earnings per share amounted to SEK –0.73 (0.50)
  • Free cash flow amounted to MSEK –53 (25), and free cash flow per share amounted to SEK –0.56 (0.33)
     

January-September 2020 

  • Order intake amounted to MSEK 3,403 (4,342), a decrease of 22% 
  • Order book amounted to MSEK 1,326 (1,596), a decrease of 17% 
  • Net sales amounted to MSEK 3,192 (3,947), a decrease of 19% 
  • EBITA amounted to MSEK 52 (212) and the EBITA margin was 1.6% (5.4)
  • Adjusted EBIT amounted to MSEK 43 (206) and the adjusted EBIT margin was 1.3% (5.2)
  • Net profit for the period amounted to MSEK –146 (70)
  • Earnings per share amounted to SEK –1.53 (0.91)
  • Free cash flow amounted to MSEK –15 (–6), and free cash flow per share amounted to SEK –0.16
    (–0.08)
     
We did see a gradual improvement month on month, even though the quarter was severely affected by the pandemic. Sales showed a positive trend, albeit from low levels, while the order intake remained weak. Looking ahead, there is however a significant uncertainty in the macro economic outlook not least due to the impact from the ongoing pandemic.

During the quarter we have continued to focus on change processes for a stronger, more profitable Gunnebo that creates more value. Unfortunately, in August, Gunnebo discovered that an IT attack was carried out, which meant focus on customer dialogue and to further strengthening our IT environment. Gateway was divested, a result of the ongoing review of the business unit Other Business and The EverydaySafe™ innovation was also launched