In Q4 19, organic sales growth was disappointing (+2% only) and the operating margin declined to 5.3% of sales (-0.2pt). Securitas was impacted by a temporary decline in the business unit Critical infrastructure services in North America (-1pt of growth on sales), the contract losses in the prior quarters in France and the UK, and as expected the termination of short-term security solution contracts in Spain. We anticipate an improvement of the performance in H2 2020 rather than H1 2020.
10 Feb 2020
Disappointing organic sales growth in Q4 19
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Disappointing organic sales growth in Q4 19
Securitas AB Class B (S7MB:FRA) | 0 0 0.6% | Mkt Cap: 47,995m
- Published:
10 Feb 2020 -
Author:
Hélène Coumes -
Pages:
3
In Q4 19, organic sales growth was disappointing (+2% only) and the operating margin declined to 5.3% of sales (-0.2pt). Securitas was impacted by a temporary decline in the business unit Critical infrastructure services in North America (-1pt of growth on sales), the contract losses in the prior quarters in France and the UK, and as expected the termination of short-term security solution contracts in Spain. We anticipate an improvement of the performance in H2 2020 rather than H1 2020.