Edition:
United States

Gunnebo AB (GUNN.ST)

GUNN.ST on Stockholm Stock Exchange

24.25SEK
12:00pm EDT
Change (% chg)

-0.65kr (-2.61%)
Prev Close
24.90kr
Open
24.40kr
Day's High
24.50kr
Day's Low
24.05kr
Volume
40,757
Avg. Vol
52,487
52-wk High
38.40kr
52-wk Low
24.05kr

Latest Key Developments (Source: Significant Developments)

Gunnebo to restructure, sell France, Belgium and Luxembourg businesses
Thursday, 19 Jul 2018 02:01am EDT 

July 19 (Reuters) - Gunnebo AB ::GUNNEBO AB SAYS WE HAVE MADE A STRATEGIC REVIEW OF PRODUCT PORTFOLIO OF GUNNEBO AND DECIDED TO FOCUS ON THREE CORE AREAS GOING FORWARD: SAFE STORAGE, CASH MANAGEMENT AND ENTRANCE CONTROL.GUNNEBO AB SAYS GUNNEBO PLANS TO DIVEST ITS BUSINESS IN FRANCE, BELGIUM AND LUXEMBOURG.GUNNEBO AB SAYS WE HAVE SIGNED AN OFFER TO DIVEST OUR BUSINESS IN FRANCE, BELGIUM AND LUXEMBOURG.GUNNEBO AB SAYS NEW FINANCIAL TARGETS WILL BE ANNUAL SALES GROWTH OF 5%, EBITA OF >10%, NET DEBT/EBITDA OF < 2,5, ANNUAL DIVIDEND OF 30-50% OF NET PROFIT.GUNNEBO AB Q2 NET SALES FOR CONTINUING OPERATIONS AMOUNTED TO MSEK 1,248 (1,225), SALES GROWTH WAS 0%.GUNNEBO AB Q2 EBITA FOR CONTINUING OPERATIONS AMOUNTED TO MSEK 66 (98) AND EBITA MARGIN AMOUNTED TO 5.3% (8.0).GUNNEBO AB Q2 EBIT FOR CONTINUING OPERATIONS AMOUNTED TO MSEK 52 (81) AND EBIT MARGIN AMOUNTED TO 4.2% (6.6).GUNNEBO AB SAYS DURING Q2, DISCONTINUED OPERATIONS RECORDED SALES OF MSEK 270 AND AN EBIT OF MSEK -21.GUNNEBO AB SAYS FOR DISCONTINUED OPERATIONS, Q2 NET PROFIT/LOSS ENDED AT MSEK -625 INCLUDING A TRANSACTIONAL LOSS OF MSEK -609.  Full Article

Gunnebo Q1 operating profit falls
Tuesday, 24 Apr 2018 02:01am EDT 

April 24 (Reuters) - Gunnebo AB ::GUNNEBO AB Q1 OPERATING PROFIT (EBIT) AMOUNTED TO MSEK 26 (59) AND OPERATING MARGIN (EBIT) DECREASED TO 1.8% (4.1).NET SALES AMOUNTED TO MSEK 1,413 (1,440), ORGANIC GROWTH WAS -2%.OPERATING PROFIT (EBIT) EXCLUDING ITEMS AFFECTING COMPARABILITY (IAC) TO MSEK 49 (65) AND THE OPERATING MARGIN(EBIT) TO 3.5% (4.5).  Full Article

Gunnebo says wins metro gates deal in India
Thursday, 23 Nov 2017 04:33am EST 

Nov 23 (Reuters) - Gunnebo AB :Gunnebo wins breakthrough metro gates deal in India.Through a strategic partnership with SC Soft, the Gunnebo Group will supply ticket gates for a major Indian metro line to help them avoid revenue loss and improve efficiency.Says Delivery of the first ticket gates is scheduled to begin at the end of 2017.  Full Article

Gunnebo agrees U.S. partnership with CFM
Thursday, 23 Nov 2017 03:30am EST 

Nov 23 (Reuters) - Gunnebo AB :SAYS HAS ENTERED STRATEGIC PARTNERSHIP WITH SOFTWARE SPECIALIST CFM.STRATEGIC PARTNERSHIP CREATES NEW OPPORTUNITIES FOR GUNNEBO IN THE US.GUNNEBO GROUP HAS LAUNCHED A PARTNERSHIP WITH CASH AUTOMATION SOFTWARE SPECIALISTS, CFM, TO BRING ITS CASH RECYCLER TO CREDIT UNIONS ACROSS THE USA.SAYS THE PARTNERSHIP MEANS THAT GUNNEBO'S TELLER CASH RECYCLER (TCR) WILL BE INTEGRATED WITH CFM SOFTWARE‍​.  Full Article

Gunnebo operating profit, sales slip in Q3​
Wednesday, 25 Oct 2017 02:01am EDT 

Oct 25 (Reuters) - Gunnebo AB :Q3 ‍net sales amounted to SEK 1,409 mln vs yr-ago 1,448 mln, organic growth was -2 pct.Q3 ‍operating profit (EBIT) amounted to SEK 49 mln vs yr-ago 91 mln​.Q3 ‍operating profit (EBIT) excluding non-recurring items amounted to SEK 67 mln vs yr-ago 105 mln​.  Full Article

Gunnebo says Q3 operating profit to be weaker than Q3 2016
Monday, 9 Oct 2017 01:02am EDT 

Oct 9 (Reuters) - Gunnebo :Gunnebo Group announces preliminary operating profit for quarter three, 2017.Says ‍Gunnebo Group's operating profit for Q3 2017 is expected to be weaker than Q3 of 2016​.Says ‍operating profit for quarter three 2017 is expected to be mln SEK 49 compared to mln SEK 91 for same period 2016​.Says ‍operating profit is expected to include non-recurring costs of mln SEK 18, derived mainly from continued restructuring activities in Europe and closure of manufacturing unit in South Africa.The result derives mainly from three areas: Region Americas, South Africa, France ​.  Full Article