Magnus Ahlqvist, President and CEO Andreas Lindback, CFO
Securitas
2
Interim Report January-March 2023
Strong momentum in technology and solutions
Organic sales growth of 12 percent (4)
Technology and solutions grew 13 percent, excluding STANLEY Security
A significant client contract has been renewed and expanded with the effect impacting the first quarter in North America
Operating margin improved to 5.8 percent (5.1), strongest so far in a first quarter
The strong development was driven by technology and solutions, supported by the STANLEY acquisition
Price and wage balance in the Group intact in the first quarter
Operating cash flow improved to 9 percent (-9)
Integration processes with STANLEY Security progressing well
Securitas
3
Interim Report January-March 2023
Strong growth and operating margin development in technology and
solutions, representing 56% of Group's operating income before amortization
Sales
Real sales
EBITA**
EBITA
MSEK
growth, %
MSEK
margin, %
Business line
Q1 2023
Q1 2023
Q1 2023
Q1 2023
Security services
24 944
11
1 077
4.3
Technology and solutions
12 021
77*
1 216
10.1
Risk management and costs for
Group functions
786
-
-113
-
% of
% of
Group
Group
sales
EBITA**
Q1 2023
Q1 2023
66
49
32
56
2
-5
Group
37 751
26
2 180
5.8
100
100
Real sales growth was 13 percent in the first quarter excluding STANLEY Security
EBITA = operating income before amortization
Securitas
4
Interim Report January-March 2023
Securitas North America
Guarding business unit and price increases behind the
9%
7%
5%
3%
1%
-1%
-3%
growth improvement
Organic sales growth
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
2021
2022
2023
Organic sales growth 7% (-2)
Major client contract renewed and extended as well as successful price increase campaigns, and good commercial activity
Installation business improved with a continued healthy backlog
Technology and solutions sales represented 31 percent (18) of total sales
Client retention rate 85 percent (87)
Securitas
5
Interim Report January-March 2023
Securitas North America
Technology and STANLEY Security behind margin uplift
Operating margin
Operating margin 7.6% (6.4)
8%
- The development was driven
7%
by Technology including
STANLEY Security
6%
- The business unit Guarding
5%
improved with positive
impacts from active portfolio
4%
management and leverage
from the strong topline
3%
growth
2%
- The operating margin
1%
improved also in Pinkerton
0%
Q1
2021
2022
2023
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Securitas AB published this content on 03 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2023 12:15:04 UTC.
Securitas AB is a Sweden-based provider of security solutions, including specialized guarding, aviation security services and international security solutions, among others. It operates through five business segments. Security Services North America business segment offers security services in the United States, Canada and Mexico. Security Services Europe offers security services in 27 countries in Europe. Mobile and Monitoring provides mobile services, such as beat patrol and call-out services, and monitoring services, such as alarm surveillance for homes, and small and medium-sized businesses. Security Services Ibero-America provides security services in Latin America, Portugal and Spain. New Markets provides security services in the Middle East, Asia and Africa. The Company's subsidiaries include Selectron, Rentsec, Vamsa, Tehnomobil, Central de Alarmas Adler, Automatic Alarm, Suddeutsche Bewachung and Johnson & Thompson.
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