Securitas AB Interim Report January–September 2010
- Total sales MSEK 15,327 (15,101)
- Organic sales growth 2 percent (–2)
- Operating margin 6.5 percent (6.2)
- Earnings per share SEK 1.57 (1.45)
- Total sales MSEK 45,622 (47,433)
- Organic sales growth 0 percent (–1)
- Operating margin 5.8 percent (5.7)
- Earnings per share SEK 4.10 (4.13)
- Free cash flow/net debt 0.20 (0.26)
COMMENTS FROM THE PRESIDENT AND CEO
The security services market is slowly recovering, even though the development in some countries in Europe remains difficult to predict.
The Securitas strategy — to focus on profitability and to differentiate the company from its competitors through the added value in optimizing security solutions for customers — has been successful in various business cycles. In the first nine months of 2010 the real improvement in operating income continued and amounted to 6 percent. The operating margin improved in all business segments.
The customer portfolio in Security Services North America has shown consecutive positive net change over the past three quarters. In Security Services Europe the central European countries have supported the organic sales growth, while the development in Spain remains negative.
During the third quarter a major acquisition was signed in the United Kingdom in order to strengthen Securitas position and ability to play a more active role in the development of the United Kingdom security service market. Favorable acquisition opportunities continue to present themselves in both mature and new markets and we intend to remain active and selectively take advantage of such opportunities as they arise.
President and Chief Executive Officer
PRESENTATION OF THE INTERIM REPORT
An information meeting will be held on November 15, 2010, at 14.30 p.m. CET.
The information meeting will take place at Securitas‘ head office, Lindhagensplan 70, Stockholm.
To follow the information meeting via telephone (and participate in a Q&A session),
please register via the link
and follow the instructions, or call +44 (0)20 7162 0177 or +46 (0) 8 505 201 14.
The meeting will be webcast at www.securitas.com/webcasts
A recorded version of the webcast will be available at www.securitas.com/webcasts after the meeting and a recorded version of the meeting will also be available until midnight on November 17 at tel: +44 (0)207 031 4064 and +46 (0)8 505 203 33, access code: 879372.
For further information, please contact:
Micaela Sjökvist, Head of Investor Relations, +46 10 470 3013
Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs, +46 10 470 3011
Securitas is a knowledge leader in security. By focusing on providing security solutions to fit each customer‘s needs, Securitas has achieved sustainable growth and profitability in 40 countries in North America, Europe, Latin America, Asia, Middle East and Africa. Everywhere from small stores to airports, our 260,000 employees are making a difference.
Securitas AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 13 p.m. (CET) on Monday, November 15, 2010.