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Gunnebo: Bank security, cash handling, secure storage, entrance security and service in focus for Gunnebo

Press release published at The Swedish Wire
Gunnebo Security Group is announcing at its Capital Market Day in Stockholm that in future the focus will be on banks and other customers that handle large volumes of cash, customers requiring Secure Storage and Entrance Security. Moreover the Group intends to highlight and further develop its already successful service business.

During the spring 2009, the then newly appointed President and CEO Per Borgvall announced that he intended to carry out a strategic overhaul of the Group's operations starting in autumn 2009, within the framework of the "Get It Right" action programme.

"It was clear at an early stage of reviewing the Group's business that bank security and cash handling are areas where we excel, and which are profitable for us and have good potential for development. I am thinking particularly about our service offering," says Gunnebo President and CEO Per Borgvall.

"We will also be investing more proactively on global product- and system sales within Secure Storage and Entrance Security."

The strategic overhaul of the Group's operations will continue during the first half of 2010. The results will be reported to the market on an ongoing basis.

"I see that in essence Gunnebo has a too broad product portfolio but a strong market proposition on a highly interesting growth markets within security. However, to increase the Group's profitability we must identify where the profitable business is, and how we need to adapt the Group's market proposition to take the largest possible share of the cake," says Per Borgvall.

GUNNEBO AB (publ)
Group Communications

For further information, please contact:
Per Borgvall, President and CEO Gunnebo AB, tel. +46 (0)31-83 68 00, or
Karin Wallström, Group Communications Manager Gunnebo AB,
tel. +46 (0)31-83 68 06, mobile: +46 (0)708-28 33 39, or e-mail: karin.wallstrom@gunnebo.com

www.gunnebo.com

The information is such that Gunnebo is obliged to make it public in accordance with the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication on February 11, 2010 at 09:31 CET.



Gunnebo security group has an annual turnover of MEUR 640 and 6,000 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.
This information was distributed by Cision
 

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