Bli medlem
Bli medlem

Du är här

2014-05-05

Securitas: Securitas AB Interim Report January-March 2014

JANUARY-MARCH 2014
· Total sales MSEK 16 111 (15 860)
· Organic sales growth 2 percent (0)
· Operating income before amortization MSEK 738 (749)
· Operating margin 4.6 percent (4.7)
· Earnings per share SEK 1.13 (1.04)
· Free cash flow/net debt 0.20 (0.20)

COMMENTS FROM THE PRESIDENT AND CEO
Organic sales growth was 2 percent in the first quarter. Our organic
sales growth in the US shows signs of recovery. In Europe the French
security market is no longer decreasing, while the Spanish market
continues to decline. Latin America continues to show strong organic
sales growth.

Net income continues to improve
The operating income was on the same level as the preceding year,
while the earnings per share improved with 9 percent. The operating
margin in Security Services North America and Security Services
Europe was on the same level as in the first quarter last year, while
Security Services Ibero-America was burdened by the severe market
conditions in Spain. The additional labor related taxes imposed by
the Spanish Government in December last year have not been possible
to pass on to the market, and in addition price concessions have been
required in some annual contract renewals in order to protect the
portfolio. Corrective actions are continuously taken to adapt to the
reduced sales.

Sales of security solutions and technology gradually increasing
In 2012, sales of security solutions and technology represented
approximately 6 percent of Group sales. We have set a target to
triple this share of sales by the end of 2015. We continued to
increase our investments in resources within security solutions and
technology and the run rate in the first quarter of 2014 was 8.5
percent.

Changing market dynamics creating an opportunity for growth
Due to current market dynamics and a gradual increase of the use of
technology in security solutions, the security market in mature
markets is no longer expected to grow 1 to 2 percent faster than GDP
as it has historically, but rather at the same pace as GDP. In the
future, this trend could be improved through increased outsourcing of
currently insourced traditional guarding activities and by allowing
the private security industry to take over services performed by
public authorities and governments.

The degree to which technology is being integrated into security
solutions varies from country to country in Securitas' markets.
However, as the pace accelerates, we are confident that we will be
able to gain markets shares by having a stronger and more
cost-efficient offering than many traditional guarding companies. We
have already seen proof of this in markets where we are well equipped
to offer security solutions, where we will be able to grow faster
than the security market average.

Alf Göransson
President and Chief Executive Officer

FINANCIAL INFORMATION

Presentation of the interim report

Analysts and media are invited to participate in a telephone
conference on May 5, 2014 at 14:00 p.m. (CET) where Securitas CEO Alf
Göransson will present the report and answer questions. The telephone
conference will also be audio cast live via Securitas web. No
information meeting will take place at Securitas headquarters at
Lindhagensplan in Stockholm. To participate in the telephone
conference, please dial in five minutes prior to the start of the
conference call:

The United States: + 1 855 753 2230
Sweden: + 46 (0) 8 505 564 74
United Kingdom: + 44 (0) 203 364 5374

To follow the audio cast of the telephone conference via the web,
please follow the link

www.securitas.com/webcasts. A recorded version of the audio cast will
be available

at www.securitas.com/webcasts after the telephone conference.
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 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 310,000 employees are making a difference.

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 310,000 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 13.00 (CET) on May
5, 2014.

-----------------------------------------------------------
http://news.cision.com/securitas/r/securitas-ab-interim-report-january-m...
http://mb.cision.com/Main/1062/9579068/240501.pdf

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.