Securitas AB (publ) (SECU_B) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome everyone. Andreas and I are proud to report strong results for Q4 and for the full year 2025. So let us go straight to some of the performance highlights. The organic growth in the quarter was 3% and this was supported by 6% growth in technology and solutions. We had a good finish to the year in technology and solutions with 2% improvement sequentially. And the adjusted organic growth for the group, and that means when you exclude the close down of the SEIS business, was 4%. And now to something important. The operating margin was 8% and 8.2% adjusted in the quarter, thanks to strong delivery across the entire business. North America achieved a 10% operating margin in the quarter, and Europe delivered another quarter with more than 8%. And we have improved the operating margin now 20 quarters in a row and are delivering on the 8% target that we communicated three and a half years ago. EPS real change excluding ISC was also strong at 18%. And we had continued strong delivery in terms of cash flow with operating cash flow of 88% for the full year, and the net debt to EBITDA ratio improved further to 2.1. And based on the stronger underlying performance, the dividend proposal is Swedish kronor 5.30, which represents an 18% increase. And looking at the future, we announced a very important milestone for our journey with the acquisition of Life Raft yesterday evening, This is a leading provider of threat intelligence and I will provide more details regarding the strategic importance of Life Raft at the end of this presentation. So let us then shift to the performance in the business lines and the segments. We deliver strong margin development in both business lines with 12.7% for technology and solutions, 6.6% for services in the quarter. And the ...