Organic sales growth supported by all business segments with overall good technology and solutions sales and high price increases
Organic sales growth 5 percent (0) in SSNA. The renewed significant global contract with expanded scope will impact as of Q1 2023
Higher sales of technology and security solutions across all segments, now representing 32 percent (23) of total sales in Q4
Operating result real change 39 percent (15), operating margin 6.5 percent (5.9) in Q4
Operating margin driven by STANLEY Security and good development in legacy business
Positive price and wage balance
Dynamic price increase approach key going forward
Cash flow at 83 percent of operating result in Q4, adjusted net debt/EBITDA at 3.7x at year-end
Proposed dividend SEK 3.45 per share
Securitas
3
Full Year Report January-December 2022
Security Services North America
Strong commercial momentum with positive outlook
Organic sales growth
9%
7%
5%
3%
1%
-1%
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
2020
2021
2022
-3%
Organic sales growth 5% (0) in Q4, 1% (3) in FY
Successful price increase campaigns and good commercial activity
Installation business improved in Q4, still impacted by supply-chain issues and labor shortage
Technology and solutions sales represented 31 percent (18) of total sales in Q4
Client retention rate 85 percent (86)
Securitas
4
Full Year Report January-December 2022
Security Services North America
Strong operating margin of 8.1 percent in Q4
Operating margin
9%
8%
7%
6%
5%
4%
3%
2%
1%
0%
Q1
Q2
Q3
Q4
2020 2021 2022
Operating margin 8.1% (7.1) in Q4, 7.5% (6.8) in FY
The improvement was primarily driven by Technology including the STANLEY Security business
Pinkerton contributed with strong demand for corporate risk management services
Guarding was solid with positive impacts from active portfolio management and the transformation program, but slightly hampered by year-end reconciliations
Securitas
5
Full Year Report January-December 2022
Security Services Europe
Substantial price increases and positive momentum within technology and solutions drove the development
Organic sales growth
11%
9%
7%
5%
3%
1%
-1%
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
2020
2021
2022
-3%-5%-7%
Organic sales growth 11% (5) in Q4, 9% (5) in FY
High price increases supported organic sales growth including impacts from the hyperinflationary environment in Türkiye
Good momentum within technology and solutions sales, represented 35 percent (26) of total sales in Q4
Client retention rate 91 percent (92)
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Securitas AB published this content on 07 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2023 13:08:09 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.