Securitas AB
F:S7MB
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Securitas AB
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Securitas AB
Securitas AB is one of the world’s largest private security service companies. It protects offices, factories, warehouses, stores, airports, hospitals, and other sites by sending guards, running mobile patrols, monitoring alarms and cameras from a control center, and installing security systems. It also helps customers with fire protection, risk checks, and security advice. Its main customers are businesses and public institutions that need to protect people, property, and operations. Securitas makes money mainly through service contracts for guarding and monitoring, plus fees for security equipment, installation, and ongoing maintenance. In many cases, customers pay for a mix of people and technology delivered as one security package. What makes Securitas different is that it sits between physical security and electronic security. A guard-only company can only watch a site in person, while a pure technology company sells alarms and software. Securitas combines both, which lets it handle simple sites, large complex locations, and centralized monitoring under one contract.
Securitas AB is one of the world’s largest private security service companies. It protects offices, factories, warehouses, stores, airports, hospitals, and other sites by sending guards, running mobile patrols, monitoring alarms and cameras from a control center, and installing security systems. It also helps customers with fire protection, risk checks, and security advice.
Its main customers are businesses and public institutions that need to protect people, property, and operations. Securitas makes money mainly through service contracts for guarding and monitoring, plus fees for security equipment, installation, and ongoing maintenance. In many cases, customers pay for a mix of people and technology delivered as one security package.
What makes Securitas different is that it sits between physical security and electronic security. A guard-only company can only watch a site in person, while a pure technology company sells alarms and software. Securitas combines both, which lets it handle simple sites, large complex locations, and centralized monitoring under one contract.
Organic Sales Growth: Securitas delivered 5% organic sales growth in Q2, with Technology & Solutions achieving 8% growth when excluding the Argentina divestment.
Margin Improvement: The group operating margin improved to 6.9%, up 30 basis points year-over-year, driven by all business segments, especially Europe and Ibero-America.
Cash Flow: Operating cash flow reached SEK 1.7 billion (60% of operating income), in line with expectations and supported by improvements in transformation programs.
Stanley Integration Costs: Integration and transformation costs for Stanley Security are now expected to total SEK 550–600 million for 2024, higher than prior estimates due to expanded IT investments.
Debt & Liquidity: Net debt/EBITDA stands at 2.9, below the target of less than 3, and liquidity remains strong with no covenants breached.
Price-Wage Balance: The price-wage balance is slightly positive for the first half, with price increases offsetting wage inflation, particularly in Europe and Ibero-America.
Margin Target Commitment: Management reaffirmed the 8% operating margin target by the end of 2025 and outlined ongoing portfolio management and efficiency measures to close the gap.
