Securitas AB Interim Report January-September 2010

Securitas AB Interim Report January-September 2010

JULY-SEPTEMBER 2010

- Total sales MSEK 15,327 (15,101)

- Organic sales growth 2 percent (-2)

- Operating margin 6.5 percent (6.2)

- Earnings per share SEK 1.57 (1.45)

 

JANUARY-SEPTEMBER 2010

- Total sales MSEK 45,622 (47,433)

- Organic sales growth 0 percent (-1)

- Operating margin 5.8 percent (5.7)

- Earnings per share SEK 4.10 (4.13)

- Free cash flow/net debt 0.20 (0.26) 

COMMENTS FROM THE PRESIDENT AND CEO

The security services market is slowly recovering, even though the
development in some countries in Europe remains difficult to
predict.                                                               

The Securitas strategy — to focus on profitability and to differentiate
the company from its ­competitors through the added value in optimizing
security solutions for customers — has been successful in various
business cycles. In the first nine months of 2010 the real improvement
in operating income continued and amounted to 6 percent. The operating
margin improved in all ­business segments.  

The customer portfolio in Security Services North America has shown
consecutive positive net change over the past three quarters. In
Security Services Europe the central European countries have supported
the organic sales growth, while the development in Spain remains
negative. 

During the third quarter a major acquisition was signed in the United
Kingdom in order to strengthen Securitas position and ability to play a
more active role in the development of the United Kingdom security
service market. Favorable acquisition opportunities continue to present
themselves in both mature and new markets and we intend to remain active
and selectively take advantage of such opportunities as they arise.

Alf Göransson

President and Chief Executive Officer

 

PRESENTATION OF THE INTERIM REPORT

An information meeting will be held on November 15, 2010, at 14.30 p.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 a
Q&A ­session),
please register via the link
https://eventreg2.conferencing.com/webportal3/reg.html?Acc=007175&Conf=2
02952

and follow the instructions, or call +44 (0)20 7162 0177 or +46 (0) 8
505 201 14.

 

The meeting will be webcast at
www.securitas.com/webcasts (http://www.securitas.com/webcasts)

 

A recorded version of the webcast will be available at
www.securitas.com/webcasts after the ­meeting and a recorded version of
the meeting will also be available until midnight on ­November 17 at
tel: +44 (0)207 031 4064 and +46 (0)8 505 203 33, access code: 879372.

 

For further information, please contact:

Micaela Sjökvist, Head of Investor Relations, +46 10 470 3013

Gisela Lindstrand, Senior Vice President Corporate Communications and
Public Affairs, +46 10 470 3011

  

Securitas is a knowledge leader in security. By focusing on providing
security solutions to fit each customer‘s needs, Securitas has achieved
sustainable growth and profitability in 40 countries in North America,
Europe, Latin America, Asia, Middle East and Africa. Everywhere from
small stores to airports, our 260,000 employees are making a difference.

 

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 13 p.m. (CET) on Monday,
November 15, 2010.