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Real-time Estimate
Other stock markets
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5-day change | 1st Jan Change | ||
| 107.3 SEK | -4.60% |
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-1.74% | +8.69% |
| 09:10am | Securitas Q1 profit meets forecast on N.America strength | RE |
| 08:22am | Securitas Q1 profit meets forecast on N.America strength | RE |
STOCKHOLM (Reuters) - Sweden's Securitas reported on Tuesday a rise in core profit that matched expectations, driven by its technology and solutions business, but saw sharply weaker cash flow year-on-year, sending the company's shares down 7%.
Free cash flow for the quarter stood at 1.53 billion crowns, down from 2.44 billion during the same period of 2022, hit by a weakening in accounts receivable.
Operating profit before amortisation (EBITA) at the security services group rose to 2.76 billion Swedish crowns ($252.77 million from a year-ago 2.33 billion, matching the average analyst forecast of 2.77 billion in a company-provided poll.
(Reporting by Marie Mannes, editing by Terje Solsvik)
| 1st Jan change | Capi. | |
|---|---|---|
| +8.69% | 5.96B | |
| +4.19% | 14.57B | |
| -19.19% | 2.13B | |
| -6.02% | 956M | |
| -7.84% | 749M | |
| +65.57% | 562M | |
| -14.98% | 545M | |
| +3.59% | 496M | |
| +5.85% | 254M | |
| +35.44% | 117M |
SECURITAS AB 
