Securitas AB Interim Report January–September 2011
Wednesday, November 09, 2011
· Total sales MSEK 16,628 (15,327)
· Organic sales growth 4 percent (2)
· Operating margin 5.7 percent (6.5)
· Earnings per share SEK 1.42 (1.57)
· Total sales MSEK 47,031 (45,622)
· Organic sales growth 4 percent (0)
· Operating margin 5.1 percent (5.8)
· Earnings per share SEK 3.44 (4.10)
· Free cash flow/net debt 0.11 (0.20)
COMMENTS FROM THE PRESIDENT AND CEO
The real sales growth continued to be strong also in the third quarter amounting to 13 percent, and to 12 percent in the first nine months. The organic sales growth reached 4 percent in the quarter and we are gaining market shares organically in North and South America. The loss of a few important contracts during the first half year 2011 has hampered the growth in Security Services Europe.
The operating margin remained stable in Security Services North America, Security Services Ibero-America and in Mobile and Monitoring, and the real change of the operating income in these segments compared to previous year was positive and developed well. In Security Services Europe, the loss of a few major contracts and difficulties to manage the balance between wage increases and price increases have resulted in a non-satisfactory development. A variety of actions are taken to restore the performance in Europe, and among others further reductions of indirect costs are made in a number of countries in Europe.
Our strategy to focus and specialize in security services, and improving our ability to advise and optimize our customers security solutions, is progressing. After the attempt to acquire Niscayah in a public bid process, we are instead growing our system integration and technology resources organically and by short-listing potential acquisition targets. The first important acquisition along this route was made in Turkey in September.
President and Chief Executive Officer
PRESENTATION OF THE INTERIM REPORT
Analysts and media are invited to participate in a telephone conference on November 9, 2011 at 9:30 a.m. (CET) where Securitas CEO Alf Göransson will present the report and answer questions. The telephone conference will also be audio cast live via Securitas web. No information meeting will take place at Securitas headquarters at Lindhagensplan in Stockholm.
To participate in the telephone conference, please dial in five minutes prior to the start of the conference call:
The United States:+ 1 866 458 4087
Sweden: + 46 (0) 8 505 598 53
United Kingdom: + 44 (0) 203 043 2436
To follow the audio cast of the telephone conference via the web, please follow the link
A recorded version of the audio cast will be available at www.securitas.com/webcasts after the telephone conference.
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, focusing on providing security solutions to fit each customer’s needs in 50 countries in North America, Europe, Latin America, Asia, Middle East and Africa. Everywhere from small stores to airports, our 300,000 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 8.00 a.m. (CET) on Wednesday, November 9, 2011.