Update from Securitas Investor Day
Securitas arranged an Investor Day at its headquarters in Stockholm today.
A team of senior Securitas leaders provided an update on the successful transformation of the company over the last years, the long-term strategy and execution areas, a roadmap to achieve its financial targets and its strong position within sustainability.
All Group financial targets were reiterated with a modification of the target of a net debt to EBITDA ratio of below 3.0x to reflect the impact of items affecting comparability (IAC). The Group financial targets are:
• 8–10 percent technology and
Read more →Securitas issues a MEUR 500 Eurobond
Securitas has today successfully closed a MEUR 500 bond in the Eurobond market with maturity in 2030. The coupon was 3.875 percent including a margin of 115 basis points.
The proceeds will mainly be used to refinance existing debt.
The joint lead managers were BofA Securities, CIC, Commerzbank, Danske Bank, DNB and UniCredit.
Further information:
Investors: Micaela Sjökvist, Vice President, Investor Relations,
+46 76 116 7443, micaela.sjokvist@securitas.com
Read more →Securitas certifies 10,000 data center professionals
Driven by a commitment to data center security, Securitas aims to certify 10,000 officers as Data Center Security and Safety Professionals
Building on the establishment of the Global Clients Data Center Group in 2023, Securitas is now taking an important next step by strengthening the skills of Securitas’ security officers by introducing a certification for managing data centers’ diverse security challenges with efficiency and expertise.
The significance of big data and cloud services has never been more prevalent. Serving as critical hubs for storing, processing, and distributing digital
Read more →Securitas AB upgraded to ‘BBB’ by S&P Global Ratings
Securitas AB was today upgraded to ‘BBB’ with stable outlook.
Based on lower leverage and strong cash flow generation, S&P’s Global Ratings has upgraded its long-term credit rating on Securitas to BBB from BBB-. The outlook is stable.
Further information:
Micaela Sjökvist, Vice President, Investor Relations,
+46 76 116 7443, micaela.sjokvist@securitas.com
Read more →Securitas invites to an Investor Day in Stockholm on March 7, 2024
Securitas welcomes representatives from the financial market and media to an Investor Day in Stockholm on March 7, 2024, starting at 14.00 to around 17.00 CET.
The Investor Day will provide a review of the company’s strategy and extensive transformation over the past few years, the sustainability focus and the financial development, and financial targets. The event will take place at Securitas’ headquarters at Lindhagensplan 70 in Stockholm.
The Investor Day is also webcasted live and will be recorded to be made available at securitas.com after the event.
Agenda
14.00:
· Magnus
Read more →President and CEO Paolo Guglielmini share purchase on 2 August 2023
On August 2, 2023, Paolo Guglielmini, President and CEO of Hexagon, acquired from Melker Schorling AB (MSAB), 1 million shares of Hexagon at a price of 101 SEK. This purchase is currently financed by Guglielmini using an external bank, with MSAB acting solely as guarantor. Guglielmini bears the full risk associated with the upside and downside of the share price.
Read more →Quarterly Report Q4 2023
Strong result in a challenging market
Fourth quarter
· Net sales increased by 12% to SEK 36,970 M (32,915), with positive organic growth of 0% (9) and acquired net growth of 11% (5). Exchange- rates affected sales by 1% (14).
· Organic sales growth was strong in Americas and good in Entrance Systems, while organic sales declined in Asia Pacific, EMEIA and Global Technologies.
· Six acquisitions with combined annual sales of SEK 900 M were signed.
· Operating income1 (EBIT) increased by 11% and amounted to SEK 5,722 M (5,152), with an operating margin of 15.5% (15.7).
·
Read more →Securitas AB Full Year Report 2023 | January–December
OCTOBER-DECEMBER
· Total sales MSEK 39 542 (38 091)
· Organic sales growth 6 percent (9)
· Operating income before amortization MSEK 2 683 (2 491)
· Operating margin 6.8 percent (6.5)
· Items affecting comparability (IAC) MSEK –404 (–312), relating to the previously announced transformation programs and the acquisition of STANLEY Security
· Earnings per share before and after dilution SEK 2.11 (2.47)*
· Earnings per share before and after dilution, before IAC, SEK 2.44 (2.63)*
· Cash flow from operating activities 166 percent (83)
JANUARY–DECEMBER 2023
·
Read more →ASSA ABLOY sells PACA ascenseur in France to KONE
ASSA ABLOY has sold its elevator maintenance business PACA ascenseur (“PACA”) in France to KONE. PACA was part of the acquisition of agta record in 2020.
PACA is an elevator maintenance business located in Southern France. PACA was founded in 1995 and has some 210 employees. Sales in 2022 amounted to about 30 MEUR.
"I find it satisfying that with KONE, PACA and its employees and customers get a committed long-term owner, creating new opportunities for the future and I wish them every success,” says Nico Delvaux, President and CEO of ASSA ABLOY.
"In line with our strategy, we
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