Interim Report January - September 1999

• Sales increased by 99 percent to MSEK 18,253 (9,154),
of which 9 percent is organic growth
• Income before taxes increased by 48 percent to MSEK 741 (502)
• Earnings per share after standard taxes increased by
28 percent to SEK 1.57 (1.22)
Sales and result
Consolidated sales amounted to MSEK 18,253 (9,154). This is an increase of 99 percent. In local currencies, the corresponding increase is 98 percent over the year before. Organic growth excluding the acquisitions of Proteg, Raab Karcher, Pinkerton and Seguridad 7 was percent (8). The acquisitions have increased the sales volume by 89 percent.
Operating income before amortization of goodwill amounted to MSEK 1,097 (661), which is an increase by 66 percent. This increase corresponds to 66 percent in local currencies. The operating margin was 6.0 percent (7.2).
The operating margin is improving gradually,according to plan, in the underlying operations as wellas in the acquisitions Proteg, Raab Karcher and Pinkerton.
The operating margin during the third quarter was 6.6 percent.
Income before taxes amounted to MSEK 741 (502). This is an increase by 48 percent compared to the similar period last year. In local currencies, the increase is 47 percent.

The full Interim Report including tables can be downloaded from the enclosed link.

STOCKHOLM, NOVEMBER 4, 1999
Thomas Berglund
President and Chief Executive Officer

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