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  • Reuters5 months ago

    New efficiency drive, slower sales growth weigh on Securitas

    Shares in Securitas fell on Thursday after the group said it would invest heavily in coming years and reported slower-than-expected organic sales growth for the fourth quarter. The world's biggest security services group by revenue announced late on Wednesday programmes to modernise its IT platform, reduce costs and boost margins in North America, and said it was considering a similar programme for its European operations. The initiatives see CEO Magnus Ahlqvist, who took over the role in March 2018, stamping his mark on the company following a strategy review, but analysts were cautious.

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