Securitas AB (OTCPK:SCTBF)

$ 13.3 0.55 (4.31%) Market Cap: 7.18 Bil Enterprise Value: 10.98 Bil PE Ratio: 16.67 PB Ratio: 2.15 GF Score: 74/100

Q4 2021 Securitas AB Earnings Call Transcript

Feb 08, 2022 / 08:30AM GMT

Release Date Price: $12.71

Transcript

Magnus Ahlqvist

Securitas AB - President & CEO

Good morning, everyone, and welcome to our Q4 and full year 2021 call. Andreas and I will go through the performance for the quarter and the full year, but we would also cover some strategic highlights towards the end of the presentation.

But first, I would like to share 3 highlights from 2021. We had a good finish to the year with consistent improvement in profitability, and we delivered significant growth in operating results and the highest margin in more than a decade. But our ambition in terms of margin improvement is much higher for the coming years.

But the good performance is the result of strong execution of the strategy across all parts of the business. The investments we have made in modernization and digitization of the business are starting to generate good returns. And at the end of 2021, we closed 2 large transformation programs and also the COVID-related program. And the first 2, North America and Global IT, have been instrumental in creating a more modern and more efficient operation.

And in early December,

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