Securitas tracks best day in over 16 months after FCF beat

Securitas AB

07/02/2024 08:36

** Shares in Securitas  SECUb.ST  jump around 6% as the
Swedish security services group's free cash flow beat offset the
slight adjusted EBITA miss
    ** Jefferies says that Securitas' Q4 FCF generation, "a key
focus into results," of SEK 3.5 billion ($333.35 million) was
well ahead of expectation, citing a consensus estimate of SEK
2.4 billion
    ** The Swedish security services group's EBITA missed
consensus by 2% and landed on SEK 2.68 billion, according to
Jefferies
    ** If gains hold, the stock will see its best day since
Sept. 2022; it is among top performers of the European STOXX 600
index  .STOXX 


($1 = 10.4996 Swedish crowns)

 (Reporting by Agata Rybska)
 ((gdansk.newsroom@thomsonreuters.com;))