Securitas AB (publ) (OTCPK:SCTBF) Q3 2024 Earnings Convention Name November 6, 2024 3:30 AM ET
Firm Individuals
Magnus Ahlqvist – Chief Government Officer
Andreas Lindback – Chief Monetary Officer
Convention Name Individuals
Andrew Grobler – BNP Paribas
Remi Grenu – Morgan Stanley
Suhasini Varanasi – Goldman Sachs
Raymond Ke – Nordea
Viktor Lindeberg – Carnegie Funding Financial institution
Sylvia Barker – JPMorgan
Johan Eliason – Kepler Cheuvreux
Stefan Ward – Pareto Securities
Magnus Ahlqvist
Good morning everybody and welcome to our Q3 Outcomes Presentation. We’re happy to current continued good improvement; we’re executing in accordance with our plan with the transformation of Securitas. So, allow us to begin by a few of the highlights within the third quarter.
The event within the quarter was good. We delivered 5% natural gross sales progress for the group, 6% actual gross sales progress in know-how and options. The working margin improved 60 foundation factors to 7.5%. And when wanting again the final 20 years, that is the very best margin recorded for the group and, clearly, one thing that we really feel superb about. A really sturdy enchancment in Europe in safety providers contributed in a big technique to the general efficiency enchancment. And now it’s totally constructive that we begin to function at a excessive stage additionally in Europe which helps and basically signifies that all segments are actually performing and executing on the strategic plan.
Wanting on the different segments, stable improvement in Ibero-America and Different additionally contributed to the outcomes, whereas North America was barely under final 12 months. The value/wage steadiness within the group is constructive within the first 9 months. And looking out on the money move, the working money move was 115% within the third quarter and this contributed to an improved leverage.
So with that, allow us to have a look at the efficiency in
