In Q2 20, organic sales decreased by 4% and the operating margin dropped by 1pt to 4% of sales. During the lockdown, Securitas was impacted by lower activity in the Aviation sector and the temporary reduction of security services of existing contracts. It was tempered by stronger COVID-19-related extra sales in Health, Retail and Banking. Given the uncertainty related to the pandemic, Securitas implemented a restructuring programme that will cost SEK350-500m depending on the evolution of the
03 Aug 2020
Organic decrease tempered by extra sales
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Organic decrease tempered by extra sales
Securitas AB Class B (S7MB:FRA) | 0 0 0.6% | Mkt Cap: 47,995m
- Published:
03 Aug 2020 -
Author:
Hélène Coumes -
Pages:
3
In Q2 20, organic sales decreased by 4% and the operating margin dropped by 1pt to 4% of sales. During the lockdown, Securitas was impacted by lower activity in the Aviation sector and the temporary reduction of security services of existing contracts. It was tempered by stronger COVID-19-related extra sales in Health, Retail and Banking. Given the uncertainty related to the pandemic, Securitas implemented a restructuring programme that will cost SEK350-500m depending on the evolution of the