Welcome to our dedicated page for Securitas news (Ticker: SCTBY), a resource for investors and traders seeking the latest updates and insights on Securitas stock.
Securitas AB reports developments tied to its global security services business, technology and solutions operations, and capital structure as an issuer of unsponsored ADRs under SCTBY. Company updates commonly cover interim financial reports, segment reporting changes, transformation and integration work following STANLEY Security, and operating themes such as aviation, critical infrastructure services, digitalization and artificial intelligence.
Recurring corporate news also includes debt refinancing, revolving credit facilities, Eurobond issuance, credit-rating actions, Investor Day targets, sustainability positioning, Annual General Meeting resolutions, dividends, board matters and share authorization decisions.
Securitas has successfully completed its acquisition of Stanley Security for MUSD 3,200 as of July 22, 2022. This acquisition aims to enhance Securitas's position in the electronic security market worth BUSD 70, with expectations of immediate operating margin improvement and significant sales growth. The integration is set to boost Securitas's profitability, with around 50% of profit coming from high-margin technology solutions. Financing will involve a bridge facility, with plans for a SEK equivalent rights issue of MUSD 915 in September to refinance.
Securitas AB will release its Interim Report for January-June 2022 on July 28, 2022, at approximately 1.00 p.m. (CEST). The report will be disseminated through a press release by Cision and will be accessible on Securitas' website immediately after release.
Following the report, presentation slides will be available at 2.00 p.m. (CEST). A telephone conference featuring Securitas President and CEO Magnus Ahlqvist and CFO Andreas Lindback is scheduled for 2.30 p.m. (CEST).
Securitas announced it has received regulatory approvals for the acquisition of Stanley Security, initially disclosed on December 8, 2021. The acquisition is set to be completed around July 22, 2022. This strategic move reflects Securitas's commitment to expanding its security services portfolio and enhancing its market position.
Securitas AB held its Annual General Meeting on May 5, 2022, in Stockholm, approving the financial statements for 2021. The AGM declared a dividend of SEK 4.40 per share, with a record date of May 9, 2022, and distribution starting on May 12, 2022. The Board of Directors will consist of eight members, with Jan Svensson re-elected as Chair. Ernst & Young AB was re-elected as auditors. The meeting also authorized the Board to manage share acquisitions, amend Articles of Association, and issue new shares up to the next AGM.
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Securitas AB will release its Interim report for January-March 2022 on May 4, 2022, at 1.00 p.m. (CET). The report will be available as a press release from Cision and on www.securitas.com. A presentation of the report will occur in a telephone conference at 2.30 p.m. (CET), featuring Securitas President and CEO Magnus Ahlqvist and CFO Andreas Lindback. Analysts and media are invited to participate, with dial-in details provided.
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Securitas AB will release its Full Year Report for January-December 2021 on February 8, 2022, at 8:00 a.m. CET. The report is set to be distributed via a press release and will be accessible on Securitas' official website. Following the release, presentation slides will be available at 9:00 a.m. CET. A telephone conference hosted by Securitas' President and CEO Magnus Ahlqvist and CFO Andreas Lindback will occur at 9:30 a.m. CET, allowing analysts and media to participate and ask questions.
Securitas is acquiring Supreme Security Systems, a leading US alarm monitoring company, for approximately MUSD 20. This strategic acquisition aims to enhance Securitas' service capabilities in the northeast US and is a part of their goal to double their security solutions business by 2023. With total annual sales of MUSD 10, Supreme Security's strong recurring revenue base constitutes over 70% of its revenue. The acquisition is anticipated to improve Securitas' operating margin and is expected to be accretive to EPS starting 2022.