Securitas Sales Growing At 6 Per Cent Through Q3.
Securitas Sales Growing At 6 Per Cent – Securitas’ real sales in the Technology and Services Division grew at 6 per cent through Q3, with a record operating margin of 7.5 per cent – the highest in 20 years.
The strong Q3 numbers, driven by growth in security services in Europe, helped deliver Jan-Sept 2024 figures of MSEK 120 with organic sales of 5 per cent, real sales in technology and solutions of 7 per cent and operating margin of 6.8 per cent.
According to Securitas’ president and CEO, Magnus Ahlqvist, Q3 was a strong quarter.
“We delivered a record-high operating margin of 7.5 per cent in the third quarter, with improved performance in Europe driven by security services,” Ahlqvist said.
“Operating margin improvement in our security services business is an important component for reaching our strategic and financial targets. The development in the third quarter confirms that we are on the right track“.
“Organic sales growth was 5 per cent. Real sales growth in our technology and solutions business was 6 per cent, supporting the mix change into higher margin business. The operating cash flow in the third quarter at 115 per cent contributed to reduced leverage and a strengthened balance sheet.”
According to Ahlqvist, Securitas has a resilient business model driven by growth in technology and solutions, along with enhanced portfolio profitability in security services, cost efficiency and digital innovation.
“We delivered healthy growth in our technology and solutions business in the third quarter. As we are finalizing the integration of STANLEY Security we are increasing focus on our commercial activities,” Ahlqvist said.
“We are driving a client-centric transformation of Securitas to provide the most compelling value proposition in the security industry“.
“With elevated global uncertainty and an increased threat environment, clients are looking for a future-oriented partner with deep security expertise who can support in shaping their security programs for the years to come“.
“Our long-term partnership approach, combined with our global presence, technology and digital capabilities are important differentiators that make us the partner of choice for our clients.”
Ahlqvist said Securitas was committed to achieving a target of 8 per cent operating margin by the end of 2025, and he said the strong performance in the quarter is another important step in the right direction.
From the perspective of the local market, SEN believes Securitas’ global focus on technology and digital innovation, as well as its appetite for growth, will drive more vigorous local strategies over the next 5 years.
You can learn more about Securitas Australia here or read more SEN news here.
“Securitas Sales Growing At 6 Per Cent Through Q3.”
