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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 has announced the formation of its Nomination Committee for the Annual General Meeting (AGM) on May 5, 2022, in Stockholm, Sweden. Led by Johan Hjertonsson from Investment AB Latour, the committee includes representatives from five major shareholders. Its primary role is to prepare proposals regarding the election of board members, auditor fees, and other AGM-related decisions. Shareholders can submit proposals via email.
Securitas has announced a Virtual Investor Day scheduled for December 7, 2021, from 14.00 to approximately 17.00 CET. The event will provide investors, analysts, and media with crucial updates on the company's strategic and financial performance, including its transformation programs and advancements in intelligent security services.
Further details, including a formal invitation and program, will be shared as the event approaches.
Securitas has agreed to acquire Tepe Güvenlik A.S., enhancing its position in Turkey's electronic security market. The deal, valued at approximately MEUR 10 (MSEK 100), aligns with Securitas' 2023 goal of doubling security solutions sales. Tepe Güvenlik reported 2020 sales of MEUR 8.5, with over 70% from recurring revenue. This acquisition expands Securitas’ monitoring footprint, adding over 50,000 connections. While acquisition costs are estimated at MSEK 13, it is expected to be accretive to earnings per share by 2023, pending regulatory approval.
Securitas AB will release its Interim report for January-June 2021 on July 29, 2021, at approximately 1:00 p.m. (CET). The report will be disseminated via a press release and made available on their official website. Following the report's release, presentation slides will be accessible at 2:00 p.m. (CET). At 2:30 p.m. (CET), a conference call will include insights from Securitas' President and CEO Magnus Ahlqvist and CFO Bart Adam. The call will also be audio casted live. Investors and the media can participate by dialing in five minutes before the call starts.
Securitas has been awarded a AAA net impact rating (Prime level) by the Upright Project, placing it in the top 3% of companies evaluated. This rating leverages AI to assess the net impact of companies based on millions of scientific articles and public databases. Securitas received an 81% rating, indicating that its positive impacts significantly outweigh its negatives. The company, with 355,000 employees, aims to double its sales of electronic security solutions by 2023. Securitas emphasizes its role in society by providing stability and job creation.
The Board of Directors of Securitas has authorized the acquisition of up to 350,000 series B shares on Nasdaq Stockholm, starting from June 4, 2021, and concluding by August 31, 2021. This buyback aims to support share-related incentive programs and cover social security costs. As of the announcement, the total number of shares in Securitas is 365,058,897, with 125,000 already owned by the company. If fully executed, the acquisition would represent a maximum of 0.13% of issued shares.
Securitas AB held its Annual General Meeting on May 5, 2021, adopting the Financial Statements for 2020. A dividend of SEK 4.00 per share was approved, with a record date of May 7, 2021, and distribution starting on May 12, 2021. The meeting re-elected four board members and elected four new ones, with Jan Svensson named Chair. The AGM also appointed Ernst & Young as auditors until 2022 and approved guidelines for senior management remuneration, including a long-term incentive program. The board was authorized to buy and transfer its shares.
Securitas AB will release its Interim Report for January-March 2021 on May 5, 2021, at approximately 1.00 p.m. CET. The report will be made available through a press release and on Securitas' official website. Following the report's release, presentation slides will be accessible from 2.00 p.m. CET. A telephone conference and audio cast will take place at 3.00 p.m. CET, featuring Securitas' President and CEO Magnus Ahlqvist and CFO Bart Adam. Investors and analysts can participate via specific dial-in numbers and access the audio cast through the company's website.
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