"We see continued good possibilities to invest in growth on markets outside Europe also under 2013," says Gunnebo's President and CEO Per Borgvall. "We will continue to expand our geographical presence, both through establishment of own sales companies but also through acquisitions. During 2012 we have also invested in increased efficiency in our service business, an investment with great potential to deliver future growth."
Other priorities for Gunnebo in 2013 is to continue to focus on activities strengthening the gross margin, take further actions to reduce fixed costs in Europe and continue to develop the SafePay-business. Furthermore, Gunnebo will continue to focus on the integration of Hamilton Safe, acquired in 2012, as well as starting to release synergies from the acquisition.
"Also, the cost structure in Europe is still too high, despite a number of successfully implemented measures in 2011 and 2012. This is something we will take further actions to correct in 2013".
In summary: Gunnebo's key priorities for 2013:
- Growth
- Gross Margin improvements
- Fixed cost savings in Europe
- SafePay
- Hamilton Safe (acquired in 2012)
