Securitas Sales Grow 7 Per Cent, Operating Margin Up 6.9 Per Cent.
Securitas Sales Grow 7 Per Cent – Global security giant Securitas AG has reports sales in Q2 have increased 7 per cent, with operating margin up by 6.9 per cent. The figures include Stanley Security’s 12 months adjusted estimated EBITDA.
According to Securitas president and CEO, Magnus Ahlqvist, the company has delivered solid performance in all business segments and is currently generating 1.25 billion Swedish Kroner in recurring revenue (SEK-USD is roughly par).
“We delivered good performance throughout the business with an operating margin of 6.9 per cent in the second quarter, with an improved margin development in our European operations,” Ahlqvist said.
“In accordance with our strategy, the group’s operating margin was supported by strong improvement both in security services and in technology and solutions“.
“Organic sales growth was 5 per cent and real sales growth in our technology and solutions business was good, at 8 per cent, excluding the impact from the divestment of Securitas Argentina, supporting the mix change into higher margin business lines“.
“Meanwhile, operating cash flow in the second quarter improved compared to last year in line with our expectations after the weaker first quarter,” Ahlqvist said. “We are in a solid position to deliver a strong full-year 2024 outcome.”
According to Ahlqvist, the management team is shaping Securitas for long-term sustainable shareholder value, and the core of that execution is operational value creation through growth in technology and solutions, portfolio profitability in security services, cost efficiency and digital innovation.
“2 years after the acquisition of Stanley Security, our global Technology business is stronger than ever before,” Ahlqvist said. “Based on our leading global market position and our unique client offering, we delivered healthy organic sales growth of 8 per cent in technology in the second quarter.
“With more than 1.25 billion of recurring monthly revenue in the strategically important and high-margin monitoring and maintenance business…the majority of the integration activities completed in North America and with good progress in Europe, we can accelerate our focus on commercial activities to continue growing the business going forward.“
Securitas Australia has made a number of key hires over the last 12 months, with further additions in recent months suggesting the company is gearing up for local expansion of its high-value technology business on the back of powerful global performance.
You can learn more about Securitas Australia here or read more SEN news here.
“Securitas Sales Grow 7 Per Cent, Operating Margin Up 6.9 Per Cent.”
