COMMENTS FROM THE PRESIDENT AND CEO
The organic sales growth was 1 percent and reflected the challenging macroeconomic situation that prevails in the US and in Europe, and the security market in countries such as France, Portugal and Spain continues to deteriorate. Fragile signs of macro economical recovery in Europe and the US are not yet reflected in the security market growth. Latin America continued to show strong organic sales growth.
Margin improvement driven by cost savings
The quarter on quarter improvement trend continued, even though hampered by the weak security market and slow organic sales growth. The operating margin improved in all divisions compared to previous year, mainly driven by the various restructuring and cost savings actions taken in 2012. We achieved cost savings according to our restructuring plan.
Sales of security solutions and technology gradually increases
In 2012 the sales of security solutions and technology represented approximately 6 percent of Group sales. We have set a target to triple this share of sales by the end of 2015. We continued to increase our investments in resources within security solutions and technology and the run rate in the third quarter of 2013 was 7.5 percent.
President and Chief Executive Officer
PRESENTATION OF THE INTERIM REPORT
Analysts and media are invited to participate in a telephone conference on November 7, 2013 at 09:30 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: + 1 855 753 2230
Sweden: + 46 (0) 8 505 564 74
United Kingdom: + 44 (0) 203 364 5374
To follow the audio cast of the telephone conference via the web, please follow the link
www.securitas.com/webcasts. 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 global knowledge leader in security. From a broad range of services of specialized guarding, technology solutions and consulting and investigations, we customize offerings that are suited to the individual customer’s needs, in order to deliver the most effective security solutions. 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 08.00 a.m. (CET) on Thursday, November 7, 2013.