Security company Securitas reported a profit before tax of SEK 900 million (777) for the second quarter of 2016. CEO Alf Göransson are very pleased with the organic growth.
was 4.9 percent better than expectations, which was at 858 million, according to consensus by Inquiry Financial.
Operating profit, EBITA, was 1.087 billion (926), giving an operating margin of 5.1 percent (4, 7). Waited were 1.045 billion and 4.9 percent.
Acquisition-related costs amounted to SEK -21 million (-7).
Operating profit, EBIT, was 997 million (853), was expected 946 million.
the profit after tax was 632 million (550), corresponding to 1.73 SEK per share (1.51) after dilution. Waited were 605 million and SEK 1.66.
Revenue amounted to 21.517 billion (19 875), expected, 21.198 billion. Organic growth was 8 percent (+4), was expected +6.4 per cent as an average of analysts’ estimates.
“Organic sales growth was exceptionally strong during the second quarter, driven by good portfolio development and additional sales continued at record high levels. Most of these additional security needs are short term in nature, and is expected to decline during the second half of 2016, “writes CEO Alf Göransson.
Securitas is well positioned to manage these higher levels, according Göransson.
“As a result, we are growing now faster than security markets in the US and Europe as well as in many of the Ibero-American countries.”
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