Previous Close | 7.69 |
Open | 8.56 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's Range | 7.69 - 7.69 |
52 Week Range | 7.01 - 12.21 |
Volume | |
Avg. Volume | 10 |
Market Cap | 4.406B |
Beta (5Y Monthly) | 0.85 |
PE Ratio (TTM) | 9.27 |
EPS (TTM) | 0.83 |
Earnings Date | N/A |
Forward Dividend & Yield | 0.17 (2.21%) |
Ex-Dividend Date | May 05, 2023 |
1y Target Est | N/A |
Securitas AB (publ) held an Annual General Meeting (AGM) today, May 4, 2023, in Stockholm.
Sweden's Securitas reported on Wednesday a rise in first-quarter core profit that was slightly bigger than expected as sales growth made up for higher staff costs. Operating profit before amortisation at the world's biggest listed security services group, which last year bought Stanley Black & Decker's electronic security division, was 2.18 billion crowns against a year-earlier 1.45 billion with a record quarterly profit margin of 5.8%. Analysts had on average forecast a 2.14 billion crown profit, according to a poll on Securitas' website.
Securitas AB Interim Report Q1 2023 | January-March 2023
Securitas AB will publish the Interim report January-March 2023 on Wednesday, May 3, 2023, at approximately 1.00 p.m. (CEST). App. 1.00 p.m. (CEST) Report releaseThe report will be sent as a press release from Cision (www.cision.se) and will automatically be published on www.securitas.com when released.2.00 p.m. (CEST) Presentation slides available For presentation slides, follow the link www.securitas.com/presentations2.30 p.m. (CEST) Telephone conference and audio castAnalysts and media are in
Securitas has today successfully closed a 4-year MEUR 600 bond in the Eurobond market. The bond was oversubscribed more than three times and allowed the coupon to be set at 4.25 percent including a margin of 120 basis points.
The shareholders of Securitas AB, Reg. No. 556302-7241, are hereby invited to participate in the Annual General Meeting ("AGM") to be held at 14.00 CEST on Thursday May 4, 2023, at Courtyard Marriott Hotel, Rålambshovsleden 50, Stockholm, Sweden. Registration for the AGM begins at 13.00 CEST, when coffee will be served. The CEO's speech will be posted on the company website after the AGM.
By entering into the Schuldschein market for the first time Securitas establishes a new source of long-term funding for the Group. The issue was oversubscribed by more than triple the launch amount. The majority of the funding is for five years and consists of Euro and US dollar tranches. The proceeds will be used to refinance part of the remaining MUSD 1 146 bridge facility related to the acquisition of STANLEY Security which was closed on July 22, 2022.
Securitas AB Full Year Report January-December 2022
Securitas, the world's biggest listed security services group, posted on Tuesday slightly bigger fourth-quarter core earnings than expected but said labour shortages meant business conditions in Europe remained challenging. Operating profit before amortisation (EBITA) at the Swedish group, which in July last year bought Stanley Black & Decker's electronic security division, was 2.49 billion crowns ($234 million) against a year-earlier 1.65 billion. Analysts had on average forecast a 2.41 billion crown profit, according to a poll on Securitas's website.
Securitas AB will publish the Full-year report January-December 2022 on Tuesday, February 7, 2023, at approximately 1.00 p.m. (CET).
Securitas enters into a four-year term loan agreement of MEUR 1 100 together with nine of its relationship banks, with the option for the parties to extend one additional year.
Securitas AB Interim Report January-September 2022
Securitas AB will publish the Interim report January-September 2022 on Tuesday, November 8, 2022, at approximately 1.00 p.m. (CET).
Securitas has, as previously announced, carried out a rights issue of shares of class A and B. The issue of shares has resulted in changes in the number of shares and votes in Securitas as follows:
This trading update covers the period July 1-August 31, 2022, with comparatives for the corresponding period of 2021 where applicable. STANLEY Security was consolidated as of July 22, 2022, and is consequently not included in the comparative amounts[1].
Sweden's Securitas said on Wednesday it aims to increase the sales of its key technology and solutions business by 8-10% per year following the recent acquisition of Stanley Black & Decker's electronic security unit. The company did not set a company-wide growth target, however, as some analysts had expected, and its shares fell 5.1% to 95.8 Swedish crowns by 1253 GMT. "Given that it is not combined with a group target including the traditional manned guarding operation ... it's a little harder to make into a group forecast for comparison," DNB Markets analyst Karl-Johan Bonnevier said of the sales goal for the technology and solutions unit.
Sweden's Securitas said on Wednesday it aims to increase the sales of its technology and solutions business by 8-10% per year following the recent acquisition of Stanley Black & Decker's electronic security unit. The world's biggest listed security services provider said in a statement it will aim for a group-wide operating margin of 8% by year-end 2025, with a long-term ambition of 10%. Securitas in July bought Stanley Black & Decker's Stanley Security for $3.2 billion in its biggest acquisition to date, bringing back a business it had sold to the same rival a decade a go.
Following the acquisition of STANLEY Security, that was completed and consolidated into Securitas as of July 22, 2022, the Group has defined new financial targets of 8-10 percent technology & solutions annual average real sales growth, 8 percent Group operating margin by year-end 2025 and a net debt to EBITDA ratio below 3.0x. Securitas will present the strategy and roadmap for the new targets, as well as a trading update for STANLEY Security, at an investor update today at 2.00 p.m. CEST.
Securitas welcomes representatives from the financial market and media to an online Investor update on Wednesday, August 24, 2022, starting at 2.00 p.m. CEST to approximately 4.00 p.m. CEST.
Securitas AB Interim Report January-June 2022
Stanley Black & Decker (NYSE: SWK) today announced that it has completed the previously announced sale of most of its Security assets to Securitas AB (STO: SECU B) for $3.2 billion in cash. The sale includes Stanley Black & Decker's Commercial Electronic and Healthcare Security business lines ("Security"). Net proceeds from the sale are expected to fund debt reduction and the $2.3 billion share repurchase completed in the first quarter. This transaction was announced on December 8, 2021.
The acquisition of Stanley Security is now completed and is consolidated into Securitas as of July 22, 2022. Securitas will present the strategy of the new Group as well as new financial targets on August 24, 2022.
Securitas AB will publish the Interim report January-June 2022 on Thursday, July 28, 2022, at approximately 1.00 p.m. (CEST).
Sweden's Securitas has refiled its bid for U.S. peer Stanley Black & Decker's electronic security solutions business to EU antitrust regulators, who will decide by July 15 whether to clear the $3.2 billion deal. Securitas, the world's biggest listed security services group, had earlier in the year sought EU antitrust approval but withdrew its request in April. The company is looking to boost its electronic security services business.