Securitas beats Q2 core profit expectations (updated)

Securitas AB

30/07/2024 12:08

(Adds result details, shares from paragraph 2)
       July 30 (Reuters) - Sweden's Securitas  SECUb.ST , one
of the world's largest security services providers, reported a
slightly bigger than expected rise in second-quarter core profit
on Tuesday, led by improved margin development in its European
operations.
    Its quarterly operating earnings before amortisation (EBITA)
rose to 2.80 billion Swedish crowns ($259.6 million) from 2.62
billion crowns a year earlier.
    That beat analysts' average forecast of 2.77 billion crowns
in a poll provided by the company.
    Shares in Securitas were trading 5% higher after the
earnings release.
($1 = 10.7861 Swedish crowns)

 (Reporting by Agnieszka Olenska and Jesus Calero in Gdansk;
Editing by Milla Nissi)
 ((jesus.calero@thomsonreuters.com))