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 announces its Investor Day now scheduled for March 21, 2022, from 13.00 to 17.00 CET at its Stockholm headquarters. The event was postponed from December 7, 2021 to allow for live attendance, enhancing interactivity.
Attendees will receive strategic and financial updates regarding Securitas' transformation programs and intelligent security services developments. A detailed invitation will be sent closer to the date.
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On October 29, 2021, Securitas AB will release its Interim Report for January-September 2021 at approximately 1:00 p.m. (CET). The report will be disseminated via a press release and will be available on Securitas' website. A presentation will follow at 2:30 p.m. (CET), which will include a telephone conference led by President and CEO Magnus Ahlqvist and CFO Andreas Lindback. Interested parties can join the conference by calling in or via an audio cast available on the company's web platform.
Securitas AB has announced the formation of its Nomination Committee for the Annual General Meeting (AGM) on May 5, 2022, in Stockholm, Sweden. Led by Johan Hjertonsson from Investment AB Latour, the committee includes representatives from five major shareholders. Its primary role is to prepare proposals regarding the election of board members, auditor fees, and other AGM-related decisions. Shareholders can submit proposals via email.
Securitas has announced a Virtual Investor Day scheduled for December 7, 2021, from 14.00 to approximately 17.00 CET. The event will provide investors, analysts, and media with crucial updates on the company's strategic and financial performance, including its transformation programs and advancements in intelligent security services.
Further details, including a formal invitation and program, will be shared as the event approaches.
Securitas has agreed to acquire Tepe Güvenlik A.S., enhancing its position in Turkey's electronic security market. The deal, valued at approximately MEUR 10 (MSEK 100), aligns with Securitas' 2023 goal of doubling security solutions sales. Tepe Güvenlik reported 2020 sales of MEUR 8.5, with over 70% from recurring revenue. This acquisition expands Securitas’ monitoring footprint, adding over 50,000 connections. While acquisition costs are estimated at MSEK 13, it is expected to be accretive to earnings per share by 2023, pending regulatory approval.
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Securitas AB will release its Interim report for January-June 2021 on July 29, 2021, at approximately 1:00 p.m. (CET). The report will be disseminated via a press release and made available on their official website. Following the report's release, presentation slides will be accessible at 2:00 p.m. (CET). At 2:30 p.m. (CET), a conference call will include insights from Securitas' President and CEO Magnus Ahlqvist and CFO Bart Adam. The call will also be audio casted live. Investors and the media can participate by dialing in five minutes before the call starts.
Securitas has been awarded a AAA net impact rating (Prime level) by the Upright Project, placing it in the top 3% of companies evaluated. This rating leverages AI to assess the net impact of companies based on millions of scientific articles and public databases. Securitas received an 81% rating, indicating that its positive impacts significantly outweigh its negatives. The company, with 355,000 employees, aims to double its sales of electronic security solutions by 2023. Securitas emphasizes its role in society by providing stability and job creation.
The Board of Directors of Securitas has authorized the acquisition of up to 350,000 series B shares on Nasdaq Stockholm, starting from June 4, 2021, and concluding by August 31, 2021. This buyback aims to support share-related incentive programs and cover social security costs. As of the announcement, the total number of shares in Securitas is 365,058,897, with 125,000 already owned by the company. If fully executed, the acquisition would represent a maximum of 0.13% of issued shares.