New business strategy and distribution of Loomis 2007-2008
The years of 2007 and 2008 showed continued good organic sales growth and stable operating margins in Security Services. Securitas strategy for the future was launched in August 2007 and then rolled out in the Group during the latter half of the year. Loomis was distributed to the shareholders in the end of 2008.
The three key elements in the strategy are: a higher degree of specialization in the service offering, driven by more customer segmentation; expansion of the Mobile and Monitoring organization; and increased global presence. In addition, in 2007 Securitas adopted new financial objectives going forward: an annual average increase in Earnings Per Share (EPS) of 10 percent and a free cash flow in relation to net debt of at least 0.20.
By the end of 2008, Securitas employed some 240,000 people in 37 countries. The total sales from continuing operations in the Securitas Group amounted to MSEK 56,572, and operating income from continuing operations amounted to MSEK 3,271. The financial targets for the year were reached.