Securitas AB Full Year Report 2024 | January-December
Securitas AB Full Year Report 2024 | January-December |
| [06-February-2025] |
STOCKHOLM, Feb. 6, 2025 /PRNewswire/ -- October–December 2024
January–December 2024
Comments from the President and CEO "Strong strategic execution and performance in 2024" "We concluded 2024 with an operating margin of 7.3 percent (6.8) in the fourth quarter. The improvement was mainly driven by the security services business in Europe. Security services in North America and our global technology and solutions business also supported. Organic sales growth was 4 percent in the fourth quarter. Real sales growth in our technology and solutions business was 6 percent, supporting the shift in the mix toward higher-margin business. Operating cash flow was 153 percent (166) in the fourth quarter and 84 percent (80) for the full year. Cash flow generation in 2024 supported an accelerated deleveraging to a net debt/EBITDA ratio of 2.5 (2.7) at year-end. SHAPING SECURITAS FOR LONG-TERM SUSTAINABLE SHAREHOLDER VALUE In a time of heightened global uncertainty and an increased threat environment, clients are looking for a future-oriented partner with extensive security expertise. Our long-term partnership approach, combined with our global presence, technology and digital capabilities is a critical differentiator that makes us the partner of choice. Our business model is resilient, and we drive operational value creation through growth in technology and solutions, improved portfolio profitability in security services, cost efficiency and digital innovation. In the fourth quarter, our margin on new sales improved thanks to a strengthened client offering. Additionally, active portfolio management contributed to improved profitability in our security services business, especially in Europe. Our technology and solutions business delivered healthy growth and operating margin improvement in the quarter. By the end of the year, we closed the STANLEY Security integration program, and I am pleased with how we have successfully managed this large and complex process. With a strong value proposition in place and the integration now behind us, we are in a good position to focus on operational delivery and client engagement. After a few years of extensive work under our transformation programs to create a modern and more digital Securitas, we have now completed yet another milestone with the finalization of the Ibero-American program. In Europe, we still have some work remaining and will continue our implementation efforts in 2025 and 2026, albeit at continued lower investment levels. As we build the new Securitas, we continue to create scale and increased automation opportunities. In January 2025, we started to execute additional identified opportunities to run our business at a structurally lower cost level which will deliver MSEK 200 in annualized savings by the end of 2025, primarily in Europe. The total cost of this business optimization program is MSEK 225, and will be accounted for as an item affecting comparability in 2025. Total investments related to items affecting comparability will be materially reduced in 2025 to approximately MSEK 375. As part of our strategy, we are continuing to assess our business mix and presence to enhance our performance and long-term competitive position. Late in the fourth quarter, we signed a put option agreement to divest our airport security business in France due to the limited opportunity to pursue our long-term strategy at a healthy financial performance. 2024 – A STRONG YEAR As I look back at 2024, I am proud of the Securitas team and our performance. We have taken important steps on our journey to transform Securitas into the leading intelligent security partner, strengthened our operating margin to 6.9 percent (6.5) and improved earnings per share by 15 percent in 2024. We still have important work ahead of us, but we are on track with our strategic plan, and we remain committed to achieving our target of an 8 percent operating margin by the end of 2025." Magnus Ahlqvist PRESENTATION OF THE FULL YEAR REPORT Analysts and media are invited to participate in a telephone conference on February 6, 2025, at 9.30 a.m. (CET) where President and CEO Magnus Ahlqvist and CFO Andreas Lindback will present the report and answer questions. The telephone conference will also be audio cast live via Securitas' website www.securitas.com To follow the audio cast of the telephone conference via the web, please follow the link A recorded version of the audio cast will be available at For further information, please contact: ABOUT SECURITAS Securitas is a world-leading safety and security solutions partner that helps make your world a safer place. Nine decades of deep experience means we see what others miss. By leveraging technology in partnership with our clients, combined with an innovative, holistic approach, we're transforming the security industry. With approximately 336 000 employees in 44 markets, we see a different world and create sustainable value for our clients by protecting what matters most – their people and assets. Group financial targets Securitas has four financial targets:
Securitas AB (publ.) Visiting address: This is information that Securitas AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 8.00 a.m. (CET) on Thursday, February 6, 2025. This information was brought to you by Cision http://news.cision.com https://news.cision.com/securitas/r/securitas-ab-full-year-report-2024---january-december,c4101107 The following files are available for download:
SOURCE Securitas | ||||
Company Codes: Bloomberg:SECUB@SS, ISIN:SE0000163594, RICS:SECUB.ST, Stockholm:SECU-B |
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