Securitas Full Year Report January - December 2003

Sales amounted to MSEK 58,850 (65,685)
In the fourth quarter sales were MSEK 14,676 (15,795)

Organic sales growth was -3 percent (8)
In the fourth quarter organic sales growth was 1 percent

The operating margin amounted to 6.3 percent (6.8)
In the fourth quarter the operating margin was 7.4 percent

Income before taxes was MSEK 1,998 (2,512)
In the fourth quarter income before taxes were MSEK 659

Free cash flow amounted to MSEK 1,801 (3,715),
corresponding to 73 percent (122) of adjusted income
In the fourth quarter free cash flow was MSEK 1,013
corresponding to 126 percent of adjusted income

The return on capital employed was 18 percent (21)

Net income for the year was MSEK 1,242 (1,486)
Earnings per share after full taxes and after full conversion were SEK 3.45 (4.14)

The proposed dividend 2003 is SEK 2.00 per share

About Us

Securitas is a global knowledge leader in security. From a broad range of services of specialized guarding, technology solutions and consulting and investigations, we customize offerings that are suited to the individual customer’s needs, in order to deliver the most effective security solutions. Everywhere from small stores to airports, our 300,000 employees are making a


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