Gunnebo Interim Report, July-September 2020: Focus on innovation and development while managing IT-incident during ongoing pandemic

Third quarter 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.” Stefan Syrén, President and CEO, Gunnebo

“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.” Stefan Syrén, President & CEO, Gunnebo.

Teleconference 4 November 2020 at 09.00 (CET)
To participate in the conference call, please dial in on:
Sweden +46 8 566 427 05 
UK +44 33 3300 9273
USA + 1 833 526 8384

Agenda
08.50  Call in
09.00  Presentation of the interim report by Gunnebo’s President & CEO, Stefan Syrén
           and CFO, Åke Bengtsson
09.30  Q&A session
09.40  Closing of the conference 

The presentation will be available when the report has been published on:  https://financialhearings.com/event/12954 or www.gunnebogroup.com. You can also access the webcast afterwards via the same channels.

For more information contact:
Åke Bengtsson, CFO, phone +46(0)10-20 95 081
Isabelle Ljunggren, Director Investor Relations, phone +46(0)10-20 95 099

The Gunnebo Group operates worldwide providing innovative products, software and services to control the flow of valuables, cash and people. Gunnebo offers entrance control, safe storage, cash management and integrated security solutions to customers primarily within retail, mass transit, public & commercial buildings, industrial & high-risk sites and banking. The Group has a turnover of MSEK 5,500 and is listed on NASDAQ Stockholm. www.gunnebogroup.com