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Securitas AB Q3 2026 Interim Report: A Comprehensive Overview

In its recently released Q3 2026 interim report, Securitas AB showcased a remarkable resilience in sales, with total revenue reaching MSEK 38,566, slightly up from MSEK 38,521 in the same period last year. This reflects a period marked by both challenges and opportunities, as the global security environment continues to evolve.

Financial Highlights

During the third quarter, organic sales growth remained stable at 0 percent, presenting a modest comparison to the 3 percent growth from the prior year. However, with adjusted organic sales growth showing an increase to 3 percent, it appears the company is navigating its challenges effectively. This adjusted growth was particularly robust within the technology and security solutions sectors, which noted a 6 percent increase during the quarter. Operating income before amortization was reported at MSEK 3,161, resulting in an operating margin of 8.2 percent, a slight improvement over last year's 8.1 percent.

Despite some negative influences due to items affecting comparability, where the company reported MSEK-36 compared to last year's -1,527, it is clear that Securitas is prioritizing strategic adjustments in its operations. The earnings per share also saw notable improvement, increasing from SEK 1.09 to SEK 3.68.

Strategic Focus and Technology Momentum

A key emphasis noted in the report was the company’s strategic pivot towards a technology-led service model, particularly within its North American and Ibero-American markets. The performance of technology and guarding business units has shown substantial growth, attributed to the increasing demand for integrated security solutions.

Magnus Ahlqvist, President and CEO, addressed the positive feedback received from clients about Securitas’ ambition to become a trusted partner in intelligence-led security. The company's strategy to leverage technology, data analytics, and risk management capabilities has garnered strong client interest, encouraging a shift in purchasing behavior towards these innovative offerings.

Regional Performance Insights

While North America and Ibero-America exhibited healthy growth in technology services, the European market faced hurdles particularly linked to reduced activities in the airport security segment. This has placed additional pressure on organic sales growth. Segment performance varied, highlighting a cautious purchasing behavior in some markets that has lengthened decision-making cycles among clients.

Cash Flow and Long-Term Growth

Cash generation remained solid, with 82 percent of operating income converted into cash. This trend was consistent over the first nine months of the year, where cash flow reached 71 percent. In alignment with the set targets, Securitas aims to achieve an annual average earnings growth of 10 percent over a business cycle, thereby focusing on sustaining profitability amid a transforming market landscape.

Additionally, the company's net debt to EBITDA ratio improved to 2.1, signaling a positive trend towards financial stability. The company is well-positioned to meet its target of maintaining a net debt below 2.5 times EBITDA, further reinforcing its commitment to shareholder value creation.

Conclusion and Future Prospects

Looking ahead, Securitas reiterates its strategic focus on developing innovative and high-quality security solutions, aligning with market demands. As the company progresses towards exiting its remaining contracts within the SCIS government business, it expects to fortify its position in the global market through expanded capabilities in technology-led security. Clients increasingly recognize Securitas' ability to integrate AI, automation, and actionable risk intelligence in enhancing service delivery. Ahlqvist's optimism regarding future growth reaffirmed the company’s commitment to evolving with client needs while ensuring long-term shareholder value.

Analysts and stakeholders are invited to engage in further discussions during a scheduled telephone conference on October 23, 2026, thus providing an opportunity to explore more about Securitas' trajectory and future initiatives.