Brief: Securitas Updates Targets For Period Through 2030
BRIEF-Securitas Updates Targets For Period Through 2030 July 24 (Reuters) - Securitas AB SECUb.ST:
SECURITAS Q2 EPS SEK 2.88
SECURITAS Q2 OPERATING MARGIN 7.5%
SECURITAS Q2 SALES SEK 37,843 MILLION
SECURITAS Q2 OPERATING INCOME BEFORE AMORTIZATION SEK 2,824 MILLION
SECURITAS Q2 ADJUSTED EPS SEK 2.94
ORGANIC SALES GROWTH IN THE SECOND QUARTER, ADJUSTED FOR THE CLOSE-DOWN OF THE SCIS GOVERNMENT BUSINESS, WAS 3 PERCENT
ORGANIC SALES GROWTH IN NORTH AMERICA WAS SUPPORTED BY BOTH THE GUARDING AND TECHNOLOGY BUSINESS UNITS
ACTIVE PORTFOLIO MANAGEMENT HAD A HAMPERING EFFECT ON ORGANIC SALES GROWTH IN EUROPE
UPDATED GROUP'S FINANCIAL TARGETS FOR PERIOD THROUGH 2030
TARGETS INCLUDE A NEW HEADLINE TARGET OF ACHIEVING 10 PERCENT AVERAGE ANNUAL EARNINGS PER SHARE GROWTH OVER A BUSINESS CYCLE
FINANCIAL TARGETS FOR PERIOD THROUGH 2030: OPERATING CASH FLOW OF 80-90 PERCENT OF OPERATING INCOME BEFORE AMORTIZATION
FINANCIAL TARGETS FOR PERIOD THROUGH 2030: NET DEBT TO EBITDA BELOW 2.5X
FINANCIAL TARGETS FOR PERIOD THROUGH 2030: DIVIDEND POLICY OF 50-60% OF ANNUAL NET INCOME OVER A BUSINESS CYCLE
Source text: ID:nWkrRyvs0
Further company coverage: SECUb.ST
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