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

Q3 2021 Securitas AB Earnings Call Transcript

Oct 29, 2021 / 12:30PM GMT

Release Date Price: $16.4 (-1.01%)

Transcript

Magnus Ahlqvist

Securitas AB - President & CEO

Good afternoon, everyone, and welcome to our Q3 call. I am here today with our CFO, Andreas Lindback, to share some of the highlights of the business in the third quarter.

We continue to execute on our strategy, and this is generating results. The work we have been undertaking during the last 18 months to sharpen the business together with firm execution of the transformation programs is resulting in a stronger business. And we're now delivering an operating margin which is well above pre-COVID levels. The organic sales growth in the quarter was 4%. We are winning more business at stable or improved margins versus last year, and the improving sales have helped offset the reduction in corona related extra sales. The operating margin improved to 5.9%, and this means another quarter with substantial improvement not only versus 2020, but also in the same period of 2019. The operating margin was supported by strong performance improvement in all business segments. We are on par in terms of price/wage, despite the more challenging environment. And we

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