Organic sales growth (at 3%) has remained “good” at Securitas in the first half of the year on top of an “extraordinarily high” period of growth during 2016.
In company financials issued in Stockholm, Securitas reports total sales (MSEK) at 45 522 (42 131), operating income before amortisation (again, in MSEK) standing at 2 183 (2 083) and an operating margin of 4.8% (4.9). Earnings per share (SEK) are 3.60 (3.32) and free cash flow/net debt is reported at 0.13 (0.13).
“Market dynamics in the US remain favourable,” asserted Alf Göransson, president and CEO of the business, “and our ability to deliver complete electronic security solutions is giving us a strong market momentum in the US market. Our Ibero-American business segment had strong growth.”
Göransson (pictured) added: “In Europe, total sales were higher than last year in spite of a few previously communicated large contract terminations and a reduction of the extra sales compared with the unusually high levels in 2016. We expect a recovery of the portfolio business towards the end of this year.”