Q1 17 was in line with expectations including a slowdown in organic sales growth at 4% (vs +8% in Q1 16) due to flat activities in Europe and a rather stable operating margin at 4.7% of sales (-0.1pt). Q1 17 figures Sales were SEK22,491m (+9%). Organic sales growth decelerated (+4% vs +8% in Q1 16) due to the Europe Security services division (0% vs +8% in Q1 16). Conversely, organic sales growth continued at the same pace in the North America Security services division (+5% like in Q1 16) an
15 May 2017
Europe back to "normal" growth
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Europe back to "normal" growth
Securitas AB Class B (S7MB:FRA) | 0 0 0.6% | Mkt Cap: 47,995m
- Published:
15 May 2017 -
Author:
Hélène Coumes -
Pages:
3
Q1 17 was in line with expectations including a slowdown in organic sales growth at 4% (vs +8% in Q1 16) due to flat activities in Europe and a rather stable operating margin at 4.7% of sales (-0.1pt). Q1 17 figures Sales were SEK22,491m (+9%). Organic sales growth decelerated (+4% vs +8% in Q1 16) due to the Europe Security services division (0% vs +8% in Q1 16). Conversely, organic sales growth continued at the same pace in the North America Security services division (+5% like in Q1 16) an