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.
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Securitas announced a business transformation in Europe and Ibero-America aimed at increasing operating margins to approximately 6.5% and 6.0% by 2024. This initiative includes planned costs affecting comparability of around MSEK -1,400 and capital expenditures of about MSEK -1,100 from 2021 to 2023. The ongoing modernization program and enhanced IT investments are expected to yield financial benefits by 2022. CEO Magnus Ahlqvist emphasized the importance of evolving client needs and the focus on small and medium enterprises.
Securitas will publish its interim report for January-September 2020 on November 3, 2020. The report will be distributed via Cision and available on Securitas' website. A presentation with slides will be available at 2 p.m. CET, followed by a telephone conference at 2:30 p.m. CET, led by President and CEO Magnus Ahlqvist and CFO Bart Adam. Analysts and media can join via phone or listen to an audio cast on Securitas' website. For further details, investors can contact Micaela Sjökvist, Head of Investor Relations.
Securitas has announced the acquisition of STANLEY Security's electronic security businesses in Germany, Portugal, Switzerland, Singapore, and India for approximately MUSD 64 (MSEK 563). This move aims to double Securitas' electronic security operations and enhance its service capabilities. The acquired businesses generated total sales of MUSD 85 (MSEK 748) in 2019. Securitas expects acquisition-related costs of MSEK 60, primarily recognized in 2020 and 2021, with earnings per share projected to improve from 2022. The acquisition requires regulatory approval and is expected to close by Q4 2020.