SECURITAS AB Restatement: segment reporting change - Securitas Critical Infrastructure Services moved from Securitas North America to Other as of Q3, 2023
The restatement only impacts Securitas North America and Other. Securitas Europe, Securitas Ibero-America and Group are not impacted and therefore unchanged.
Restatement - per quarter 2022
Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | |||||||||||||||||
Operating | Operating | Operating | Operating | |||||||||||||||||
income | Operating | income | Operating | income | Operating | income | Operating | |||||||||||||
Organic sales | before | Operating | income after | Organic sales | before | Operating | income after | Organic sales | before | Operating | income after | Organic sales | before | Operating | income after | |||||
MSEK | Total sales | growth, % | amortization | margin, % | amortization | Total sales | growth, % | amortization | margin, % | amortization | Total sales | growth, % | amortization | margin, % | amortization | Total sales | growth, % | amortization | margin, % | amortization |
Securitas North America as reported | 12 472 | -2 | 802 | 6.4 | 763 | 13 434 | -1 | 994 | 7.4 | 940 | 17 281 | 3 | 1 352 | 7.8 | 1 178 | 17 986 | 5 | 1 463 | 8.1 | 1 174 |
Adjustment for SCIS | -2 131 | - | -90 | - | -88 | -2 161 | - | -90 | -89 | -2 441 | - | -65 | - | -63 | -2 497 | - | -80 | - | -78 | |
Securitas North America restated | 10 341 | -4 | 712 | 6.9 | 675 | 11 273 | -1 | 904 | 8.0 | 851 | 14 840 | 4 | 1 287 | 8.7 | 1 115 | 15 489 | 6 | 1 383 | 8.9 | 1 096 |
Other as reported | 730 | - | -144 | - | -171 | 784 | - | -142 | - | -202 | 828 | - | -182 | - | -330 | 834 | - | -192 | - | -11 |
Adjustment for SCIS | 2 135 | - | 90 | - | 88 | 2 162 | - | 90 | - | 89 | 2 442 | - | 65 | - | 63 | 2 497 | - | 80 | - | 78 |
Other restated | 2 865 | - | -54 | - | -83 | 2 946 | - | -52 | - | -113 | 3 270 | - | -117 | - | -267 | 3 331 | - | -112 | - | 67 |
Eliminations as reported | -2 | - | 0 | - | 0 | -7 | - | 0 | - | 0 | -38 | - | 0 | - | 0 | -78 | - | 0 | - | 0 |
Adjustment for SCIS | -4 | - | 0 | - | 0 | -1 | - | 0 | - | 0 | -1 | - | 0 | - | 0 | 0 | - | 0 | - | 0 |
Eliminations restated | -6 | - | 0 | - | 0 | -8 | - | 0 | - | 0 | -39 | - | 0 | - | 0 | -78 | - | 0 | - | 0 |
Restatement - YTD 2022 | ||||||||||||||||||||
YTD 2206 | YTD 2209 | Full Year 2022 | ||||||||||||||||||
Operating | Operating | Operating | ||||||||||||||||||
income | Operating | income | Operating | income | Operating | |||||||||||||||
Organic sales | before | Operating | income after | Organic sales | before | Operating | income after | Organic sales | before | Operating | income after | |||||||||
MSEK | Total sales | growth, % | amortization | margin, % | amortization | Total sales | growth, % | amortization | margin, % | amortization | Total sales | growth, % | amortization | margin, % | amortization | |||||
Securitas North America as reported | 25 906 | -1 | 1 796 | 6.9 | 1 703 | 43 187 | 0 | 3 148 | 7.3 | 2 881 | 61 173 | 1 | 4 611 | 7.5 | 4 055 | |||||
Adjustment for SCIS | -4 292 | - | -180 | - | -177 | -6 733 | - | -245 | - | -240 | -9 230 | - | -325 | - | -318 | |||||
Securitas North America restated | 21 614 | -3 | 1 616 | 7.5 | 1 526 | 36 454 | -1 | 2 903 | 8.0 | 2 641 | 51 943 | 1 | 4 286 | 8.3 | 3 737 | |||||
Other as reported | 1 514 | - | -286 | - | -373 | 2 342 | - | -468 | - | -703 | 3 176 | - | -660 | - | -714 | |||||
Adjustment for SCIS | 4 297 | - | 180 | - | 177 | 6 739 | - | 245 | - | 240 | 9 236 | - | 325 | - | 318 | |||||
Other restated | 5 811 | - | -106 | - | -196 | 9 081 | - | -223 | - | -463 | 12 412 | - | -335 | - | -396 | |||||
Eliminations as reported | -9 | - | 0 | - | 0 | -47 | - | 0 | - | 0 | -125 | - | 0 | - | 0 | |||||
Adjustment for SCIS | -5 | - | 0 | - | 0 | -6 | - | 0 | - | 0 | -6 | - | 0 | - | 0 | |||||
Eliminations restated | -14 | - | 0 | - | 0 | -53 | - | 0 | - | 0 | -131 | - | 0 | - | 0 | |||||
Restatement - 2023 | ||||||||||||||||||||
Q1 2023 | Q2 2023 | YTD 2306 | ||||||||||||||||||
Operating | Operating | Operating | ||||||||||||||||||
income | Operating | income | Operating | income | Operating | |||||||||||||||
Organic sales | before | Operating | income after | Organic sales | before | Operating | income after | Organic sales | before | Operating | income after | |||||||||
MSEK | Total sales | growth, % | amortization | margin, % | amortization | Total sales | growth, % | amortization | margin, % | amortization | Total sales | growth, % | amortization | margin, % | amortization | |||||
Securitas North America as reported | 17 290 | 7 | 1 318 | 7.6 | 1 179 | 18 145 | 7 | 1 504 | 8.3 | 1 338 | 35 435 | 7 | 2 822 | 8.0 | 2 517 | |||||
Adjustment for SCIS | -2 334 | - | -74 | - | -72 | -2 503 | - | -81 | - | -80 | -4 837 | - | -155 | - | -152 | |||||
Securitas North America restated | 14 956 | 8 | 1 244 | 8.3 | 1 107 | 15 642 | 7 | 1 423 | 9.1 | 1 258 | 30 598 | 8 | 2 667 | 8.7 | 2 365 | |||||
Other as reported | 813 | - | -163 | - | -195 | 796 | - | -126 | - | -147 | 1 609 | - | -289 | - | -342 | |||||
Adjustment for SCIS | 2 334 | - | 74 | - | 72 | 2 503 | - | 81 | - | 80 | 4 837 | - | 155 | - | 152 | |||||
Other restated | 3 147 | - | -89 | - | -123 | 3 299 | - | -45 | - | -67 | 6 446 | - | -134 | - | -190 | |||||
Eliminations as reported | -58 | - | 0 | - | 0 | -49 | - | 0 | - | 0 | -107 | - | 0 | - | 0 | |||||
Adjustment for SCIS | 0 | - | 0 | - | 0 | 0 | - | 0 | - | 0 | 0 | - | 0 | - | 0 | |||||
Eliminations restated | -58 | - | 0 | - | 0 | -49 | - | 0 | - | 0 | -107 | - | 0 | - | 0 |
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Disclaimer
Securitas AB published this content on 06 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 November 2023 16:50:08 UTC.
