Sweden's Securitas lags Q1 estimates, dragged by currency effects

Securitas AB

28/04/2026 07:36

April 28 (Reuters) - Sweden's Securitas SECUb.ST, one of the world's largest security services providers, reported a lower than expected first-quarter core profit on Tuesday, hurt by adverse currency exchange rates.

Securitas operates in more than 40 countries and earns the bulk of its revenue outside Sweden, which makes its reported results sensitive to currency movements as it needs to translate them back into Swedish crowns.

"The ongoing shift in our business mix towards technology and solutions remains a key driver of our profitability improvement" - CEO Magnus Ahlqvist

Q1 EBITA fell to 2.46 billion crowns ($265.9 million) from 2.53 billion crowns a year ago

Analysts had forecast it at 2.50 billion crowns in a poll provided on the company's website

Operating margin increased to 6.8% from 6.4% last year

Analysts had warned exchange rates would be a drag on Q1 revenue despite underlying organic growth

Q1 sales were 36.21 billion crowns, against 39.61 billion crowns last year, also missing market estimates

($1 = 9.2522 Swedish crowns)

(Reporting by Tomasz Kanik, editing by Milla Nissi-Prussak)

((tomasz.kanik@thomsonreuters.com))