Securitas AB Announces Consolidated Earnings Results for the Fourth Quarter and Full Year and Company Earnings Results for the Year Ended December 31, 2017
January 31, 2018 at 05:30 pm IST
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Securitas AB announced consolidated earnings results for the fourth quarter and full year and company earnings results for the year ended December 31, 2017. For the quarter, on consolidated basis, the company reported total sales of SEK 24,024.2 million against SEK 23,715.7 million a year ago. Operating income after amortization was SEK 1,163.4 million against SEK 1,107.4 million a year ago. Income before taxes was SEK 1,070.0 million against SEK 1,001.3 million a year ago. Net income attributable to equity holders of the parent company was SEK 642.8 million against SEK 701.1 million a year ago. Earnings per share before and after dilution were SEK 1.76 against SEK 1.92 a year ago. Cash flow from operating activities was SEK 1,812.6 million against SEK 1,157.2 million a year ago. Free cash flow was SEK 1,506.1 million against SEK 864.4 million a year ago.
For the year, on consolidated basis, the company reported total sales of SEK 92,196.8 million against SEK 88,162.4 million a year ago. Operating income after amortization was SEK 4,373.3 million against SEK 4,153.2 million a year ago. Income before taxes was SEK 3,997.7 million against SEK 3,736.6 million a year ago. Net income attributable to equity holders of the parent company was SEK 2,735.6 million against SEK 2,642.0 million a year ago. Earnings per share before and after dilution were SEK 7.49 against SEK 7.24 a year ago. Cash flow from operating activities was SEK 3,837.3 million against SEK 3,039.1 million a year ago. Free cash flow was SEK 2,289.5 million against SEK 1,721.0 million a year ago. Net debt was SEK 12,333 million against SEK 13,431 million a year ago.
For the year, on company basis, the company reported operating income of SEK 1,549.3 million against SEK 2,057.5 million a year ago. Income before taxes was SEK 2,364.8 million against SEK 2,489.4 million a year ago. Net income was SEK 2,387.3 million against SEK 2,292.2 million a year ago.
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.
Securitas AB Announces Consolidated Earnings Results for the Fourth Quarter and Full Year and Company Earnings Results for the Year Ended December 31, 2017