Securitas AB Interim Report January - March 2007
* Total sales amounted to MSEK 15,218 (14,948)
* Income before taxes amounted to MSEK 694 (655)
* Net income after tax amounted to MSEK 518 (451)
* Earnings per share amounted to SEK 1.41 (1.23)
Comments from the CEO, Alf Göransson
"As a further step in specialization and customer focus, a new segment organization was introduced as of January 1, 2007. Mobile and Monitoring specialize in security services for small and medium-sized businesses and electronic alarm surveillance, and increased investments are presently made in sales resources in order to drive the organic sales growth. The new Group management team is accordingly also now in place. The Securitas strategy for the coming years is presently being developed, and will be presented in conjunction with the presentation of the half year interim report in August 2007.
During the first quarter 2007, it has come to our attention that the cut-off procedures in Loomis Cash Management Ltd (LCM) implemented at year end 2006 were not fully comprehensive, and new stock takes are required and the result is expected during the second half of 2007. Due to the development in the UK cash handling operation, the listing of Loomis will not take place in 2007."
For further information please contact:
Alf Göransson, President and CEO, +46 8 657 7400
Håkan Winberg, Executive Vice President and CFO, +44 20 8432 6554
Henrik Brehmer, Senior Vice President Investor Relations, +44 20 8432 6523
The full report including tables can be downloaded from the enclosed link: