Securitas AB
OTC:SCTBF

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Securitas AB
OTC:SCTBF
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Price: 16.125 USD Market Closed
Market Cap: 9.2B USD

Securitas AB
Investor Relations

Securitas AB, a veritable titan in the realm of private security services, sprouted its roots in Sweden in 1934 and has grown into a global powerhouse. Initially a small local outfit, it has meticulously carved its path through the intricacies of the security landscape, culminating in a sprawling enterprise that serves myriad sectors worldwide. Its core service offerings encompass a vast array of security solutions ranging from traditional manned guarding to cutting-edge technology-driven services. By diving headlong into the integration of modern technology, such as surveillance systems, access control, and intelligent alarms, Securitas deftly addresses the multifaceted security needs of its clients, which include commercial properties, infrastructure, and residential complexes.

The company's financial lifeblood flows robustly through its diverse revenue streams, rooted primarily in a comprehensive service model. Rather than simply providing personnel to stand guard, Securitas crafts bespoke security packages tailored to specific client needs, marrying physical presence with digital innovation. Through strategic investments and acquisitions, it has broadened its competitive edge, enabling tailored security solutions that foster long-term, value-driven client relationships. This blend of personalized service, combined with its vast scale and international reach, anchors its profitability, ensuring Securitas remains a stalwart in the ever-evolving landscape of global security.

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Last Earnings Call
Fiscal Period
Q2 2024
Call Date
Jul 30, 2024
AI Summary
Q2 2024

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.

Key Financials
Organic Sales Growth
5%
Technology & Solutions Organic Sales Growth
8%
Operating Margin
6.9%
Technology & Solutions Operating Margin
10.4%
Operating Cash Flow
SEK 1.7 billion (60%)
Net Debt
SEK 41.9 billion
Net Debt to EBITDA
2.9
Client Retention (North America)
86%
Free Cash Flow
SEK 429 million
Items Affecting Comparability
minus SEK 243 million
Integration and Transformation Cost Estimate (2024)
SEK 550–600 million
Finance Net (Full-Year Estimate)
minus SEK 2.2 billion (cash)
Liquidity Position
SEK 5.2 billion
Aviation Business Share of Sales
6%
Other Earnings Calls
2023
2021
2020
2019
2018

Management

Ms. Hillevi Agranius
Chief Information Officer
No Bio Available
Ms. Lisa Micaela Sjokvist
Vice President of Investor Relations
No Bio Available
Carin Andersson
Group Head of Communications
No Bio Available
Ms. Helena Andreas
Chief Human Resources Officer & Chief Marketing Officer
No Bio Available
Mr. Henrik Zetterberg
Divisional President of Securitas Europe
No Bio Available
Mr. Martin Althén
President of Securitas Digital
No Bio Available
Mr. Brian Riis Nielsen
President of Global Clients
No Bio Available
Mr. Jorge Couto
Divisional President of Securitas North America
No Bio Available
Mr. Jose Castejon
Chief Operating Officer of North American Guarding, Securitas North America
No Bio Available
Mr. Lance A. Byerly
Global President of Securitas Technology
No Bio Available

Contacts

Address
STOCKHOLM
Stockholm
Lindhagensplan 70, Box 12307
Contacts
+46104703000.0
www.securitas.com