Securitas AB (publ) (SECU_B) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to our first half update. We're making good progress, and we are glad to deliver a strong Q2 report. So let us go straight to the highlights. We're recording good development across all segments, and the organic growth increased sequentially to 5% in the quarter from 3% in Q1. And a very strong recovery in North America is the driver of the increase. The operating margin improved 40 basis points versus last year to 7.3. And all business segments supported the profitability improvements and we noted improvements in both business lines and especially strong in technology and solutions. As announced last quarter, we have done an extensive strategic assessment of the government business within critical infrastructure services and have decided to close this down. business is not aligned with our long-term strategy the outlook in terms of value creation opportunities and healthy profitability in this part of the market is limited and we have assessed a number of different options the last few years but due to the underlying performance of the business we have concluded that the best option is to close the business down and we will of course do this in an orderly fashion supporting both our clients and people from a strategic perspective This is another important step in creating a sharper and more focused company. The group operating margin excluding this business would have been 7.5% in the second quarter, and Andreas will share more details in the finance section. Continue then with the group level performance. Solid growth and operating result together with positive development in the finance net contribute to 25% growth in EPS in the quarter. The operating cash flow was 106% and this represents significant improvement versus last yea...