Securitas AB (OTCPK:SCTBF)

$ 13.3 0.55 (4.31%) Market Cap: 7.34 Bil Enterprise Value: 11.03 Bil PE Ratio: 15.98 PB Ratio: 2.06 GF Score: 82/100

Q4 2020 Securitas AB Earnings Call Transcript

Feb 04, 2021 / 08:30AM GMT

Release Date Price: $15.75

Transcript

Magnus Ahlqvist

Securitas AB - President & CEO

Good morning, everyone, and welcome to our Q4 2020 call. Bart Adam is sitting in Brussels. And I'm Magnus Ahlqvist. I'm sitting in Stockholm today.

2020 has been a very different and a challenging year due to the impact from the pandemic, but it's also been a year when we have taken important steps in driving the modernization and transformation of Securitas. But before we look at the performance in the quarter, I would like to express my deep gratitude to all the Securitas team members, our partners and clients for your terrific contributions and leadership in 2020.

Looking at Q4, we continued the positive improvement trend from the second and the third quarter. Organic sales growth was 1%, with very positive impact from North America, but continued negative impact from aviation that affected the growth rate in Europe and Ibero-America. Our operating margin improved to 5.3%, same as the pre COVID levels in Q4 '19, and the operating margin was supported by strong performance in North America and Ibero-America, slightly hampered by

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