SecurityWorldMarket

15/02/2016

Securitas enjoys strong organic growth

Stockholm, Sweden

Alf Göransson, President and CEO of Securitas AB

Following the full year end report for Securitas AB covering January - December 2015, Alf Göransson, President and Chief Executive Officer of the company has said that organic sales growth was exceptionally strong in the last quarter of the year.

He further commented that this strong organic growth was supported by continued good sales momentum in the US as well as by higher levels of security needs in Europe and by continued positive development in Spain and Latin America. "We estimate that we grow faster than the security markets in the US and Europe as well as in the Ibero-American countries, mainly supported by our strategy of security solutions and technology," he explained.

Earnings per share improved with 8 percent during 2015, adjusted for changes in exchange rates. The operating margin was flat in the quarter and slightly up for the full year.

The company demonstrated continued strong growth of security solutions and technology sales, with a real sales growth in 2015 of 38 percent (28) and sales amounting to BSEK 9.3 (6.5).

"We believe that we can continue to grow the security solutions and technology sales at a high pace in the coming years, and to make it a substantial part of the Group’s total sales." continued Mr Göransson.

"In addition, the acquisition of the commercial contracts and operational assets of Diebold Incorporated’s Electronic Security business in North America is an important step on this journey and enables us to offer completely integrated security solutions to our customers in North America. The acquisition was finalised on February 1, 2016, from which date it was consolidated in Securitas," he concluded.


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