STOCK TITAN

SECURITAS A B UNSP/ADR - SCTBY STOCK NEWS

Welcome to our dedicated page for SECURITAS A B UNSP/ADR news (Ticker: SCTBY), a resource for investors and traders seeking the latest updates and insights on SECURITAS A B UNSP/ADR stock.

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.

Rhea-AI Summary

Securitas AB has announced its Annual General Meeting (AGM) scheduled for May 5, 2021, to be conducted via postal voting due to COVID-19 restrictions. Shareholders must be recorded in the share register by April 27, 2021, to participate. Key agenda items include the election of a new Board, dividend proposal of SEK 4.00 per share, and approval of guidelines for senior management remuneration. The Board proposes authorization for share buybacks and a long-term incentive program. Notably, the total fees for Board members are set at SEK 8,950,000.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Securitas has introduced a significant update to its global brand identity, marked by the tagline 'See a different world'. This change emphasizes the company's commitment to innovation and a human-centric approach to security. The updated logo is the first major redesign since 1972 and will be gradually implemented across all platforms, including uniforms and vehicles. With 355,000 employees and a goal to double electronic security sales by 2023, Securitas aims to engage a broader audience and strengthen its market position.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

Securitas has acquired Dansk Brandteknik A/S for approximately MDKK 110 (MSEK 149), enhancing its fire and safety services in Denmark. This acquisition aligns with Securitas' strategy to double its security solutions sales by 2023. Dansk Brandteknik reported annual sales of MDKK 60 (MSEK 81) in 2020, with 70% from recurring revenue. The integration is expected to create cross-selling opportunities and be accretive to EPS from 2021. Acquisition costs are anticipated at MSEK 6 over 2021-2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
News
Rhea-AI Summary

Securitas has successfully issued a EUR 350 million Eurobond as part of its EUR 4 billion EMTN program on Feb. 22, 2021. The bond features a coupon rate of 0.250% and will mature on Feb. 22, 2028. Proceeds from this issuance will be utilized to refinance existing credit facilities and for general corporate purposes. Joint lead managers for the bond included BBVA, Citi, ING, KBC, and SEB.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

The Nomination Committee of Securitas proposes Jan Svensson as the new Chair of the Board at the Annual General Meeting on May 5, 2021. New board members include Gunilla Fransson, Harry Klagsbrun, and Johan Menckel, while Carl Douglas and others will not seek re-election. Jan Svensson has extensive leadership experience, having previously served as CEO of Investment AB Latour. The Committee believes this new leadership will positively influence the company. Full details and rationale will be shared in the AGM notices.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
Rhea-AI Summary

Securitas announced key leadership changes to its Group Management team, effective April 1, 2021, with Brett Pickens appointed Divisional President for AMEA, and Andreas Lindback set to become Group CFO on August 16, 2021. Pickens has been instrumental in driving strategy in the AMEA region, while Lindback has a strong track record since joining Securitas in 2011. Bart Adam, the current CFO, will step down after a 21-year tenure but will assist as a strategic advisor until February 2022. These changes aim to enhance specialized services and client-centric solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Securitas announced a business transformation in Europe and Ibero-America aimed at increasing operating margins to approximately 6.5% and 6.0% by 2024. This initiative includes planned costs affecting comparability of around MSEK -1,400 and capital expenditures of about MSEK -1,100 from 2021 to 2023. The ongoing modernization program and enhanced IT investments are expected to yield financial benefits by 2022. CEO Magnus Ahlqvist emphasized the importance of evolving client needs and the focus on small and medium enterprises.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

Securitas will publish its interim report for January-September 2020 on November 3, 2020. The report will be distributed via Cision and available on Securitas' website. A presentation with slides will be available at 2 p.m. CET, followed by a telephone conference at 2:30 p.m. CET, led by President and CEO Magnus Ahlqvist and CFO Bart Adam. Analysts and media can join via phone or listen to an audio cast on Securitas' website. For further details, investors can contact Micaela Sjökvist, Head of Investor Relations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none

FAQ

What is the current stock price of SECURITAS A B UNSP/ADR (SCTBY)?

The current stock price of SECURITAS A B UNSP/ADR (SCTBY) is $13.04 as of December 23, 2024.

What is the market cap of SECURITAS A B UNSP/ADR (SCTBY)?

The market cap of SECURITAS A B UNSP/ADR (SCTBY) is approximately 7.5B.

What is Securitas's core business?

Securitas specializes in safety and security solutions, leveraging technology and innovation to provide tailored services for clients worldwide.

What was highlighted at Securitas's recent Investor Day?

The Investor Day showcased the company's successful transformation, long-term strategy, financial targets, and sustainability efforts, emphasizing the integration of STANLEY Security.

What are Securitas's financial targets?

Securitas has four financial targets focused on driving sustainable value creation, including operational excellence, profitability, growth, and capital efficiency.

How many employees does Securitas have?

Securitas has approximately 341,000 employees across 44 markets, working to protect people and assets by providing innovative security solutions.

What is Securitas's approach to technology in the security industry?

Securitas leverages technology in partnership with clients to provide cutting-edge security solutions, transforming the security industry with innovative and holistic approaches.

SECURITAS A B UNSP/ADR

OTC:SCTBY

SCTBY Rankings

SCTBY Stock Data

7.54B
313.48M
Investigation Services
Administrative and Support and Waste Management and Remediation Services
Link
United States of America
Stockholm