Securitas AB Interim Report January-September 2011

Securitas AB Interim Report January-September 2011

JULY-SEPTEMBER 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)

JANUARY-SEPTEMBER 2011

  · 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.

Alf Göransson

President and Chief Executive Officer

 

Financial information

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

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 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.