Securitas AB (publ) (SECU_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to our first quarter results presentation that Andreas and I are doing from our headquarter in Stockholm today. We're off to a good start to the year, so let us go straight to some of the highlights of the first quarter. We delivered 3% organic growth in the quarter and the operating margin improved 40 basis points to 6.4%. All business segments supported, and we have realized improvements in operating margin in the security services and technology and solutions business lines. On the negative side, Paragon and Pinkton hampered the results, and I will comment on those units later in the presentation. By looking at results growth, the EPS growth was 16% in the first quarter. Operating cash flow was 1% and the balance sheet remains strong. Commenting a little bit on the business optimization program that we announced last quarter that is running according to plan and we expect to achieve savings of 200 million SEK by the end of this year. And also wanted to comment a little bit in terms of the world around us since we have witnessed quite a lot of turbulence in the global trend landscape in the last couple of months. And I just wanted to emphasize here that we are a services business with local delivery. And from this perspective, we have limited exposure to the trade-related changes. And there has been no significant impact to the Q1 results, but we are closely monitoring any potential negative impact to our business to be able to take actions if necessary. And we also continue to assess the different parts of the business to ensure full alignment with the strategy and a good profitability profile going forward. And to this end, it's really positive that we have completed the divestment of the aviation business in France. But as part ...