Securitas AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 29, 2021 at 07:00 am EDT
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Securitas AB reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was SEK 27,338 million compared to SEK 26,501 million a year ago. Revenue was SEK 27,338 million compared to SEK 26,501 million a year ago. Net income was SEK 944 million compared to SEK 758 million a year ago. Basic earnings per share from continuing operations was SEK 2.59 compared to SEK 2.08 a year ago.
For the nine months, sales was SEK 79,651 million compared to SEK 81,477 million a year ago. Revenue was SEK 79,651 million compared to SEK 81,477 million a year ago. Net income was SEK 2,386 million compared to SEK 1,892 million a year ago. Basic earnings per share from continuing operations was SEK 6.54 compared to SEK 5.18 a year ago.
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.