Securitas AB Interim Report January – June 2007
• Total sales amounted to MSEK 30,800 (29,973)
• Income before taxes amounted to MSEK 1,097 (913)
• Net income after tax amounted to MSEK 465 (629)
• Earnings per share amounted to SEK 1.27 (1.72)
Comments from the President and CEO Alf Göransson:
“In the USA, guarding operation margins are continuing to improve compared to the first half year last year, and Security Services Europe has improved its market position thanks to a high organic sales growth. Mobile and Monitoring continues to invest in sales resources in order to speed up the organic sales growth and expand its business geographically.
Securitas strategy for the future is now set. The three key elements in the strategy are a higher degree of specialization in the services provided to the customers driven by more customer segmentation, expansion of the Mobile and Monitoring concept and increased international presence.
Our financial objectives going forward will be an annual average increase in Earnings Per Share (EPS) of 10 percent and the financial stability target will be a free cash flow in relation to net debt of a minimum of 0.20.
Securitas, HSBC and Barclays have signed a Head of Terms agreement regarding the intention of Securitas cash handling division Loomis to exit Loomis Cash Management (LCM) in the United Kingdom during the fourth quarter of 2007.
The first half year operating result has been burdened by the difficulties in the Loomis UK cash management operation. In addition, it has also come to the attention of management that for some time LCM has been making declarations that did not comply with the Note Circulation Rules in the United Kingdom. Loomis has made a provision of MSEK 206. This is an estimate and the value will be finally determined during the second half of 2007.”
For further information, please contact:
Alf Göransson, President and CEO, +46 8 657 7400
Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs, +46 8 657 7332
Micaela Sjökvist, Investor Relations Manager, +46 8 657 7443
An information meeting will be held today on August 7, 2007, 9.30 CET.
The information meeting will take place at Securitas’ head office, Lindhagensplan 70, Stockholm.
To follow the presentation via telephone (and participate in the Q&A session), please register in advance via the link https://eventreg2.conferencing.com/inv/reg.html?Acc=123598&Conf=179021 and follow the instructions or call +44 (0)20 7162 0125.
The meeting is also web casted at www.securitas.com
For a recorded version of the information meeting please dial
+44 (0)20 7031 4064 and +46 (0)8 505 203 33, access code: 760517.
The full report including tables can be downloaded from the enclosed link: