Securitas AB Interim Report January-September 2008


Securitas AB Interim Report January-September 2008

• Total sales MSEK 48,665 (46,811) 
• Income before taxes MSEK 2,297 (1,379)
• Items affecting comparability and impairment losses of goodwill MSEK 0 (-549)
• Net income after tax MSEK 1,694 (560) 
• Earnings per share SEK 4.64 (1.53)

COMMENTS FROM THE PRESIDENT AND CEO "The shift of focus in Securitas from an acquisition driven expansion to a focus
on organic growth and profitability, is reflected in the interim results. We
intend to continue along this route and in the ¬present financial turmoil we
will be more selective on acquisitions, although we intend to exploit
opportunities as they occur.

The organic sales growth in Security Services North America remains in the 4
percent range in the quarter, which is in line with the present market growth.
However, the growth in the US security market is slowing down. The organic sales
growth in Security Services Europe is also in line with the European market
growth in the 6 percent range in the quarter, but has, as expected, declined
somewhat as we continue to prioritize profitability rather than volume. This
strategic choice is supported by the implementation of a higher degree of
specialization in the operation, sharing of knowledge, best practices and by
further investments in training of security expertise and in security solutions.

In all divisions, including Loomis, the price increases have been approximately
on par with wage costs development during the first nine months of the year. 

The operating margin in the Group improved compared to last year. In Security
Services North America the consistent and systematic work in primarily the
management of the contract portfolio pays off in ¬improving operating margins in
the quarter, 5.6 percent compared to 5.3 percent, as well as for the first nine
months, 5.5 percent compared to 5.1 percent in 2007. In Security Services Europe
the operating ¬margin remains flat on 5.7 percent in the quarter. The operations
acquired in Germany, consolidated as of June 30, 2008, has as expected
negatively impacted the operating margin in the third quarter 2008. Aviation is
showing a positive trend and is contributing to maintaining the operating margin
in the division in the quarter. 

In Mobile and Monitoring, the organic sales growth as well as the operating
margin improved in the third quarter compared to previous year. The investments
in building a larger sales organization have been completed in the third
quarter. We have decided not to further increase sales costs for the ¬coming
year, but to optimize the investments made, before any additional sales
resources are added.

In Loomis, the operating margin in the third quarter was 7.3 percent compared to
1.7 percent last year (5.8 percent when excluding LCM), and the positive trend
of improving margins quarter by quarter continues. Cost saving actions have been
taken in Loomis Sweden in the quarter. As planned, Loomis is expected to be
listed on the Nasdaq OMX Stockholm in December 2008."

Alf Göransson
President and Chief Executive Officer

FOR FURTHER INFORMATION, PLEASE CONTACT:
Alf Göransson, President and CEO, 
+46 10 470 3000
Gisela Lindstrand, Senior Vice President 
Corporate Communications and Public Affairs, 
+46 10 470 3011
Micaela Sjökvist, Head of Investor Relations, 
+46 10 470 3013
INFORMATION MEETING
An information meeting will be held on November 6, 2008, at 9.30 a.m. CET.
The information meeting will take place at Securitas' head office,
Lindhagensplan 70, Stockholm.

To follow the information meeting via telephone (and participate in Q&A
session), please register via the link 
https://eventreg1.conferencing.com/webportal3/reg.html?Acc=457866&Conf=161928 
and follow instructions, or call +44 (0)20 7162 0077 or +46 (0) 8 505 201 10.

The meeting will be webcasted at www.securitas.com

A recorded version of the web cast will be available on Securitas' website after
the information meeting and a telephone recorded version of the information
meeting will be available until midnight on November 8 on: +44 (0)20 7031 4064
and +46 (0)8 505 203 33, access code: 814763.


Securitas AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 8.00 a.m. (CET) on Thursday,
November 6, 2008.

Attachments

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