STOCKHOLM, Dec. 5, 2019 /PRNewswire/ -- Securitas will host
an Investor Day in Stockholm
today, and will present a new ambition for its security solutions
and electronic security business: to double the size from
approximately BSEK 20 in 2018 to approximately BSEK 40 by 2023.
Securitas is also updating its official financial targets.
At the Investor Day in Stockholm today, Securitas will present a new
ambition for its security solutions and electronic security
business: to double the size from approximately BSEK 20 in 2018 to
approximately BSEK 40 in 2023. Securitas is also updating its
official financial targets. The earnings per share target of an
annual increase of 10 percent over a cycle remains, and the free
cash flow to net debt target of 0.20 is replaced by a net debt to
EBITDA target of on average 2.5. A new target related to cash flow
is introduced: operating cash flow of 70 to 80 percent of operating
income. The dividend policy of distributing 50 to 60 percent of net
income is unchanged.
Securitas is leading the transformation of the global security
industry, from traditional guarding to a wide range of protective
services, including on-site, mobile and remote guarding, electronic
security, fire and safety and corporate risk management. These
protective services are either sold on a stand-alone basis or
combined as security solutions to the clients. In the full year of
2018 security solutions and electronic security sales represented
20 percent, or approximately BSEK 20, of total Group sales and
rendered an operating margin of approximately 10 percent.
At the Investor Day today, Securitas is also presenting its
strategy for the coming years. The wanted position of becoming the
Intelligent Protective Services Partner will be achieved through
focusing on the three key areas client engagement, protective
services leadership and innovation, and efficiency.
"Our transformation firmly positions us to reinforce our
leadership position in the security industry", says Magnus Ahlqvist, Securitas President and CEO.
"We are acting from a position of strength and we see new
opportunities within a large, growing and changing market. We have
clear targets to drive long term value creation for clients and
shareholders and we have the organization, leaders and people ready
to execute".
The Investor Day will be webcast live today, beginning at
1.00 p.m. CET. Please follow the link
to register:
https://securitas.videosync.fi/2019-12-05-investor_day2019/register
This press release is also available at: www.securitas.com
Information:
Micaela Sjökvist, Head of IR
mobile: +46-76-116-7443
micaela.sjokvist@securitas.com
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http://news.cision.com
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SOURCE Securitas