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Securitas is a world-leading safety and security solutions partner with almost nine decades of deep experience in making the world a safer place. The company specializes in leveraging technology to provide innovative security services tailored to clients' needs. With approximately 341,000 employees in 44 markets, Securitas creates sustainable value by protecting people and assets.
Securitas recently organized an Investor Day where the senior leadership team highlighted the company's successful transformation, long-term strategy, financial targets, and strong sustainability position. The event showcased Securitas's ongoing efforts to integrate STANLEY Security, emphasizing a shift towards improved earnings per share and cash flow.
The company's core focus is on operational value creation through the growth of technology and solutions, profitability of security services, cost efficiency, and digital innovation. Securitas aims to achieve a target operating margin of 8% by the end of 2025, solidifying its position as a leading security solutions provider.
Securitas AB (SCTBY) reported solid Q2 2024 performance with total sales of MSEK 40,638, a 5% organic sales growth. The operating margin improved to 6.9% from 6.6% in Q2 2023. Earnings per share increased to SEK 2.28 from SEK 2.05. The company saw strong growth in technology and solutions, with real sales growth of 7%. Cash flow from operating activities improved to 60% from 46% last year.
CEO Magnus Ahlqvist highlighted the company's progress in shaping for long-term sustainable shareholder value, focusing on growth in technology and solutions, portfolio profitability in security services, and digital innovation. Securitas remains committed to achieving an 8% operating margin target by the end of 2025.
Securitas AB (publ) held its Annual General Meeting in Stockholm on May 8, 2024. The AGM adopted financial statements, approved a dividend of SEK 3.80 per share, re-elected Board members, re-elected auditors, approved a remuneration report and incentive program, and authorized share acquisitions and transfers. The AGM also adopted guidelines for remuneration to Group Management.
Securitas AB reported positive results in Q1 2024, with total sales of MSEK 39,260 and 7% organic sales growth. Operating margin improved to 6.0%, driven by North American operations. Technology and solutions sales grew by 7%. Earnings per share increased to SEK 1.84. The company focuses on long-term sustainable shareholder value and aims for an 8% operating margin by 2025.
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