Full Year Report January – December 2004

Wednesday, February 09, 2005

2004 confirms that Securitas is back to positive organic sales growth and increased income supported by strong cash flow

• Sales in the fourth quarter increased by 3 percent to MSEK 15,222 (14,676), adjusted for changesin exchange rates, acquisitions and divestitures. For the full year sales increased by 3 percent toMSEK 59,687 (58,850), adjusted for changes in exchange rates, acquisitions and divestitures.
• Operating income in the fourth quarter increased by 3 percent to MSEK 1,108 (1,084), adjustedfor changes in exchange rates. Operating margin was 7.3 percent (7.4). For the full year operatingincome increased by 10 percent to MSEK 3,994 (3,732), adjusted for changes in exchange rates.Operating margin increased to 6.7 percent (6.3). In the fourth quarter operating income includesnon-recurring charges in Cash Handling Services (MSEK 27) and Direct (MSEK 8), total MSEK 35.
• Income before taxes in the fourth quarter increased by 6 percent to MSEK 701 (659), adjustedfor changes in exchange rates. For the full year income before taxes increased by 18 percent toMSEK 2,328 (1,998), adjusted for changes in exchange rates.
• Net income in the fourth quarter increased by 10 percent to MSEK 450 (410). For the full year theincrease was 18 percent to MSEK 1,467 (1,242).
• Earnings per share after full taxes increased 9 percent to SEK 1.22 (1.12) in the fourth quarter.For the full year the increase was 16 percent to SEK 4.01 (3.45).
• Free cash flow increased 40 percent to MSEK 2,530 (1,801) representing 94 percent (73) of adjustedincome.
• Dividend for 2004 is proposed to be SEK 3.00 (2.00) per share.

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