Securitas AB

SECU B

Equity

ISIN SE0000163594 / Valor 614796

NASDAQ Nordic Exchange Stockholm, Equities (2024-12-23)

SEK 137.90+0.29%

Securitas AB
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About company

Securitas AB is a leading global company in the security solutions sector, known for its comprehensive range of services aimed at improving clients' security. While the company emphasizes its commitment to environmental sustainability, particularly through its ambitious goal to significantly reduce its greenhouse gas emissions across its operations and value chain by 2030, this aspect is part of a broader strategy to integrate responsibility into its core business practices. Securitas provides a variety of security services, including manned guarding, mobile patrolling, remote monitoring, and electronic security, among others, to a diverse clientele across different industries. The company's approach to security solutions is tailored to meet the specific needs of its clients, leveraging technology and expertise to deliver effective and efficient services. As a global entity, Securitas operates in multiple countries, offering its services to protect homes, workplaces, and communities, underscoring its position as a key player in the international security industry.

Summarized from source with an LLMView SourceSector: Business Services

Sales Performance

Securitas AB reported total sales of MSEK 40,229 for the third quarter of 2024, a slight increase from MSEK 40,047 in the same period last year. The company achieved an organic sales growth of 5 percent, although this was a decrease from the 8 percent growth recorded in the previous year. The real sales growth within their technology and solutions segment was 6 percent, down from 14 percent in the prior year.

Operating Income and Margin

For Q3 2024, Securitas AB's operating income before amortization was MSEK 3,006, up from MSEK 2,764 in the same quarter of the previous year. The operating margin improved to 7.5 percent from 6.9 percent, marking a record-high for the company. This improvement was largely driven by enhanced performance in their European security services.

Earnings Per Share

Securitas AB's earnings per share for the third quarter of 2024 were SEK 2.03, a significant turnaround from a loss of SEK 3.58 in the same period last year. Earnings per share before items affecting comparability (IAC) were SEK 3.05, compared to SEK 2.66 in the previous year, indicating a positive trend in profitability.

Cash Flow and Debt

The company reported a robust cash flow from operating activities at 115 percent of operating income before amortization, up from 84 percent in the previous year. This strong cash flow performance contributed to a reduction in leverage, with the net debt to EBITDA ratio improving to 2.7 from 3.1.

Outlook and Strategic Focus

Securitas AB is focused on shaping the company for long-term sustainable shareholder value. The company is committed to achieving an 8 percent operating margin by the end of 2025. Their strategy includes growth in technology and solutions, enhanced portfolio profitability, cost efficiency, and digital innovation, positioning them well for future growth.

Summarized from source with an LLMView Source

Key figures

39.9%1Y

11.8%3Y

-15.5%5Y

Performance

22.4%1Y

29.3%3Y

29.8%5Y

Volatility