Business transformation progressing according to plan
Managing the remaining effects of covid
Organic sales growth 4 percent (0) and 7 percent real sales growth in solutions and electronic security
Positive new sales development across the Group and gradual recovery of C-19 portfolio reductions
Operating margin 5.9 percent (5.0), with improvements in all business segments
Continued support from the cost-savings program initiated during 2020
Continued government grants and support relating mostly to temporary unemployment, but on a lower level
Normalized provisioning levels
Price and wage balance on par
Profitability improvement through reviewing the entire contract portfolio to ensure satisfactory margins
Good operating cash flow
Securitas
3
Interim Report January-September 2021
Security Services North America
Organic sales growth declining due to loss of contracts and
reduced corona-related extra sales
Organic sales growth
9%
7%
5%
3%
1%
-1%
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
2019
2020
2021
-3%
Organic sales growth 1% (2) in Q3, 4% (1) in 9M
Significant negative impact due to lower corona-related extra sales in Guarding
Good underlying growth in the portfolio
Gradual improvement in mainly Electronic Security and Critical Infrastructure Services
Client retention was 89% (91)
Loss of a MUSD 150 contract as of December 2 (below average margin)
Security Solutions and Electronic Security represented 18% (18) of total sales in 9M
Q3, 6.7% (5.7) in 9M
• Stable operating margin in Guarding despite lower corona-relatedextra sales
• Electronic Security improved, supported by the acquisition of FE Moran Security Solutions
• Strong performance also in Pinkerton
Operating margin 7.1% (6.4) in
Securitas
4
Interim Report January-September 2021
Security Services North America
Strong performance combined with normal levels of provisioning compared to last year
Operating margin
8%
7%
6%
5%
4%
3%
2%
1%
0%
Q1
Q2
Q3
Q4
2019 2020 2021
Securitas
5
Interim Report January-September 2021
Security Services Europe
Good momentum in many countries
Organic sales growth
9%
7%
5%
3%
Organic sales growth 6% (-1) in Q3, 4% (-2) in 9M
Almost all countries had positive organic sales growth, reflecting the gradual recovery as restrictions and lock- downs are easing
1%
-1%
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
2019
2020
2021
-3%
-5%
-7%
Airport security business sales improved substan- tially
Security Solutions and Electronic Security sales was 24% (23) of total sales in 9M
Client retention was 91% (91)
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original document
Permalink
Disclaimer
Securitas AB published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 12:10:11 UTC.
Securitas AB is a Sweden-based provider of security solutions, including specialized guarding, aviation security services and international security solutions, among others. It operates through five business segments. Security Services North America business segment offers security services in the United States, Canada and Mexico. Security Services Europe offers security services in 27 countries in Europe. Mobile and Monitoring provides mobile services, such as beat patrol and call-out services, and monitoring services, such as alarm surveillance for homes, and small and medium-sized businesses. Security Services Ibero-America provides security services in Latin America, Portugal and Spain. New Markets provides security services in the Middle East, Asia and Africa. The Company's subsidiaries include Selectron, Rentsec, Vamsa, Tehnomobil, Central de Alarmas Adler, Automatic Alarm, Suddeutsche Bewachung and Johnson & Thompson.
SECURITAS AB 
