Magnus Ahlqvist, President and CEO Andreas Lindback, CFO
Securitas
2
Interim Report January-June 2023
Strong margin development in North America
and Europe
Organic sales growth of 11 percent (6)
Technology and solutions had 12 percent real sales growth, excluding STANLEY Security
Primary driver of organic sales growth was price increases, with volume growth in mainly technology and solutions and within the airport security business
Operating margin improved to 6.6 percent (5.8), driven by the technology and solutions business line including STANLEY Security
Price and wage balance in the Group on par in the first half year
Operating cash flow was 46 percent (53) in Q2
Integration processes and cost synergies with STANLEY Security are progressing well, with strong commercial synergy pipeline
Global security services contract with leading global technology company extended and expanded
Securitas Argentina divested as of July 25, 2023
Securitas
3
Interim Report January-March 2023
Strong growth and operating margin development in technology and
solutions, representing 50 percent of Group's operating result in Q2
Sales
Real sales
EBITA**
EBITA
MSEK
growth, %
MSEK
margin, %
Business line
Q2 2023
Q2 2023
Q22023
Q2 2023
Security services
26 380
12
1 356
5.1
Technology and solutions
12 764
73*
1 309
10.3
Risk management and costs for
Group functions
765
-
-45
-
Group
39 909
25
2 620
6.6
% of
% of
Group
Group
sales
EBITA**
Q2 2023
Q2 2023
66
52
32
50
2
-2
100
100
Real sales growth was 12 percent in the second quarter excluding STANLEY Security
EBITA = operating income before amortization
Securitas
4
Interim Report January-June 2023
Securitas North America
Continued solid commercial activity and price increases spur organic sales growth improvement
Organic sales growth
9%
7%
5%
3%
1%
-1%
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
2021
2022
2023
-3%
Organic sales growth 7% (-1) in Q2, 7% (-1) in H1
Price increase, good portfolio new sales and significant client contract renewed and extended, as previously communicated
The Technology business unit also supported with improved installation sales and a continued healthy backlog
Technology and solutions sales represented 31 percent (19) of total sales in Q2
Client retention rate 88 percent (85)
Securitas
5
Interim Report January-June 2023
Securitas North America
Technology and STANLEY Security behind margin uplift
Operating margin
Operating margin 8.3% (7.4)
9%
in Q2, 8.0% (6.9) in H1
8%
- The development was driven
7%
by the Technology business
unit
6%
- The Guarding business unit
5%
was stable, supported by
active portfolio management
4%
and leverage from the strong
3%
topline growth, but hampered
by cost of risk and medical
2%
expenses
1%
0%
Q1
Q2
2021
2022
2023
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Securitas AB published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 12:05:18 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.
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