#Sweden #Stockholm #Technology #Securitas #financial report

Securitas AB Reports Impressive Financial Gains in 2024

Securitas AB, renowned for its innovative security solutions, has released its much-anticipated Full Year Report for 2024. The report reveals a robust performance over the year, shedding light on the company's capacity to adapt and thrive even amidst global uncertainties.

Fourth Quarter Highlights

In the last quarter of 2024, Securitas reported total sales of MSEK 41,794, a notable increase from MSEK 39,542 in the same period the previous year. The company achieved an organic sales growth of 4%, although slightly lower than the 6% recorded previously. Interestingly, the real sales growth within technology and solutions reached 6%, an encouraging sign of the sector's resilience.

Operating income before amortization stood at MSEK 3,036, reflecting an improved operating margin of 7.3% compared to 6.8% last year. The positive trend continued as the company recorded earnings per share of SEK 2.86, up from SEK 2.11. Notably, cash flows from operating activities remained strong at 153%.

Year-End Performance

For the entire year of 2024, Securitas reported total sales of MSEK 161,921, up from the previous year's MSEK 157,249. The company achieved an organic sales growth rate of 5% and maintained a real sales growth of 6% in its technology and solutions sector. Operating income before amortization saw a significant jump to MSEK 11,200, contrasting with MSEK 10,247 from the previous year. The operating margin improved to 6.9%, promoting an 18% rise in earnings per share to SEK 9.01.

CEO's Reflections

Magnus Ahlqvist, President and CEO of Securitas, praised the team's collective effort in navigating the challenging landscape of 2024. He emphasized the strategic execution that propelled the operating margin upward and highlighted the significant contributions from the security services business in Europe and North America. The successful transition towards technology and solutions remains a focal point, promoting a higher-margin business model that aligns with evolving market demands.

Strategic Advances

As outlined in the report, Securitas is committed to long-term, sustainable shareholder value. Ahlqvist underscored the importance of partnering with clients and leveraging innovative technology. The long-term partnership ethos not only differentiates Securitas in the marketplace but also positions it as a chosen partner in tackling an increasingly complex security landscape.

The fourth-quarter performance in technology and solutions exhibited healthy growth, concluding the STANLEY Security integration program—another significant milestone in Securitas’ transformation journey.

Future Outlook

Looking ahead, Securitas aims to reach its target of an 8% operating margin by the end of 2025, aligning with its long-term objective of establishing a >10% margin. The company's relentless pursuit of operational efficiencies and improved cost structures suggests a proactive approach in navigating future challenges in the industry.

Securitas’ proposed dividend for 2024 is SEK 4.50 per share, payable in two installments, reflecting a commitment to return value to stakeholders while maintaining growth investments.

In conclusion, Securitas AB's Full Year Report for 2024 highlights a year characterized by significant financial achievements, strategic growth initiatives, and a solid foundation for future innovations in security. With a focus on technology and digital capabilities, Securitas is well-equipped to meet the changing needs of its clients across the globe.