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

Q1 2023 Securitas AB Earnings Call Transcript

May 03, 2023 / 12:30PM GMT

Release Date Price: $8.8

Transcript

Magnus Ahlqvist;publ;President;CEO

Securitas AB

()-&

Welcome, everyone, to our Q1 update. Andreas and I are doing our call today from Stockholm.

We are at an exciting time, and we're creating a unique position in the security services industry, shaping a security solutions company, which is at the forefront reward-leading technology and expertise.

And looking at a few highlights of the quarter. The growth momentum is good, and we recorded an organic sales growth of 12% in the quarter. We had double-digit organic growth in technology with a healthy backlog and the solutions growth was even stronger. So we call that strong double digits. And those 2 combined generate a 13% real sales growth also when excluding the impact from standard security. And the growth in North America was bolstered by strong commercial activity in general and one more significant contract win and expansion as we have previously announced. And of course, as in previous quarters, the high price increases contributed strongly to the growth.

The operating

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