Securitas AB (publ) (SECU_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

So welcome to the Q2 and the first half report that Matteo and I are sharing from Stockholm this morning. And today we will provide an update on the performance and before the Q&A, I will also make some comments related to the capital markets day that we had in London last month. But if we are switching then straight to the performance highlight, this is a quarter with some clear positive developments, but also a few areas where we are performing below our plan. And starting with the growth, the adjusted sales growth was 3%, and the growth in technology in North America was a clear positive development, while the growth in Europe was lower as a result of active portfolio management and significant negative impact in aviation. Real sales growth in technology and solutions improved sequentially to 5%, and this recovery was supported by improved performance in technology in North America. And what is really positive is that the order entry and the backlog in the technology installations business increased significantly across all geographic regions and technology momentum is building as we're going into the second half. And from a strategy execution perspective, we are increasing the share of technology solutions across all segments, which is fully in line with the strategy. The adjusted operating margin improved to 7.6% and this was the result of positive exchange when we are growing T&S or technology solutions at the higher pace but with some negative impact from lower top line growth in services. We have now improved the operating margin 22 quarters in a row. And looking at the earnings growth, operating income increased 3% in the quarter and it should be noted that we had approximately 1% negative impact on the real change due to the divestment of the GEG aviation b...