Securitas' shares climb 4.5% after outperforming earnings forecast

Securitas AB

06/02/2025 10:43

** Shares in Swedish security firm Securitas  SECUb.ST 
rose 4.5%
    ** The company's Q4 EBITA of SEK 3.04 bln ($278.2 mln) beat
analysts' average forecast of SEK 2.98 bln in a consensus
provided by the company
    ** Its operational margin rose to 7.3% from 6.8% last year
    ** "The improvement was mainly driven by the security
services business in Europe. Security services in North America
and our global technology and solutions business also
supported," CEO Magnus Ahlqvist said in a statement
    ** Company says to divest its airport security business in
France "due to the limited opportunity to pursue our long term
strategy at a healthy financial performance"
 
 ($1 = 10.9289 Swedish crowns)

 (Reporting by Agnieszka Olenska)
 ((Agnieszka.Olenska@thomsonreuters.com;))