Organic sales growth beat expectation in Q1 22 (+4%) thanks to growth in most countries in Europe and Ibero-America and the airport security business recovery. As expected North America was affected by the termination of two contracts and lower Covid-related extra sales. The operating margin improvement (+0.2pt to 5.1% of sales) came from North America and Ibero-America. Globally, the price increase was in line with wage inflation and this should be the case for the full year according to Securi ....
04 May 2022
Margin weakness in Europe
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Margin weakness in Europe
- Published:
04 May 2022 -
Author:
Hélène Coumes -
Pages:
3
Organic sales growth beat expectation in Q1 22 (+4%) thanks to growth in most countries in Europe and Ibero-America and the airport security business recovery. As expected North America was affected by the termination of two contracts and lower Covid-related extra sales. The operating margin improvement (+0.2pt to 5.1% of sales) came from North America and Ibero-America. Globally, the price increase was in line with wage inflation and this should be the case for the full year according to Securi ....