Sweden · Delayed Price · Currency is SEK Securitas AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw continued margin and earnings growth, with adjusted operating margin at 7% and strong cash flow, though top-line growth lagged due to North America installation delays. Portfolio optimization advanced with divestments and the Liferaft acquisition, and all segments improved profitability.
Fiscal Year 2025
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Delivered strong Q4 and FY2025 results with 3% organic growth, 8% operating margin, and 18% EPS growth. Record cash flow, reduced net debt, and the Liferaft acquisition position the business for scalable, high-margin growth in 2026.
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Q3 saw 3% organic growth and an 8.1% operating margin, with strong results in North America and Ibero-America. EPS rose 19% year-over-year, and net debt to EBITDA improved to 2.2x. Strategic transformation is nearly complete, positioning the company for profitable growth.
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Organic growth accelerated to 5% in Q2, with operating margin up to 7.3% and EPS rising 25%. Strategic closure of the SCIS government business and ongoing optimization programs are driving profitability, while strong cash flow and reduced debt support a robust outlook.
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Q1 saw 3% organic growth and a 40 bps margin improvement, with all segments contributing and strong EPS growth. Portfolio optimization and cost-saving programs are on track, while strategic reviews of underperforming units continue. Margin target of 8% by year-end remains in focus.
Fiscal Year 2024
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Q4 2024 saw 4% organic growth, margin improvement to 7.3%, and strong cash flow, with Europe leading performance. Major transformation programs concluded, a cost-saving initiative launched, and the French aviation business set for divestment, supporting a positive outlook.
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Q3 saw 5% organic sales growth and a record 7.5% operating margin, with all segments contributing and Europe showing strong structural margin gains. Cash flow and leverage improved, while technology margin pressure is expected to ease as integration costs subside.
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Q2 saw 5% organic sales growth and a 6.9% operating margin, with strong performance across all segments and significant improvements in Europe and Ibero-America. The integration of Stanley Security is nearly complete, recurring revenue is rising, and the 8% margin target for 2025 is reaffirmed.