Securitas slides on Q1 core profit miss due to FX drag, infra weakness

Securitas AB

08/05/2025 08:38

** Securitas SECUb.ST falls 6.2% to a three-week low of SEK 139.85; set for its steepest intraday pct drop since November 7, 2023

** Swedish security firm posts Q1 core profit, revenue below estimate

** Q1 EBITA of 2.53 bln Swedish crowns ($259.2 mln) misses analysts' forecast of SEK 2.36 bln in a company-provided consensus

** J.P. Morgan says worse-than-anticipated currency headwinds dragging on co's Q1 results

** Notes sell-side estimates still need to catch up to foreign exchange impact

** Jefferies says co's earnings miss driven mainly by worse-than-expected currency effects, continued weakness in its Critical Infrastructure unit

** Stock among worst performers on pan-European 600 index .STOXX

 (Reporting by Jesus Calero and Agnieszka Olenska)

 ((Jesus.calero@thomsonreuters.com))