Securitas AB Q3 2020 Earnings Call Transcript - Thomson StreetEvents

Securitas AB Q3 2020 Earnings Call Transcript

Securitas AB Q3 2020 Earnings Call Transcript - Thomson StreetEvents
Securitas AB Q3 2020 Earnings Call Transcript
Published Nov 03, 2020
16 pages (10866 words) — Published Nov 03, 2020
Price US$ 54.00  |  Buy this Report Now

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Abstract:

Edited Transcript of SECUb.ST earnings conference call or presentation 3-Nov-20 1:30pm GMT

  
Brief Excerpt:

...So good afternoon, everyone, and welcome to our Q3 update. The Securitas team has shown strong resilience in the handling of COVID-19 situation in working closely with our partners and our clients during the last 10 months. And before we look at the performance, I would just like to express my deep respect and gratitude to every great colleague in the Securitas team. So let us now shift to the performance in Q3. And I should mention that I am in Stockholm; and Bart, our CFO, is dialing in from Brussels today. So coming from a challenging quarter in Q2, we have seen clear improvement during Q3. Organic sales growth was flat versus last year, and a significant sequential improvement versus the negative 4% that we had in Q2. And we had a positive development during the quarter, which I think is also important to highlight where the organic sales growth, if you look in the quarter, we had around minus 1% in July, and then 1% positive in August and about 1.5% positive in the month of September....

  
Report Type:

Transcript

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Company:
Ticker
SECUb.ST
Time
1:30pm GMT
Format:
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Erik Paulsson - Nordea Markets, Research Division - Analyst : It's Erik at Nordea. I have 2 questions. I'll start with the first 1 regarding those provisions of SEK 150 million. Are those related to a specific customer segment? And can we expect continued provisions here for Q4 as well?


Question: Erik Paulsson - Nordea Markets, Research Division - Analyst : Okay. And then my second and final one is regarding the price and wage balance going forward. What do you see there? Because you have quite a good balance here in the quarter and has had that during the full of 2020. What do you see for Q4 and going into 2021?


Question: Sylvia Pavlova Barker - JPMorgan Chase & Co, Research Division - Analyst : First question on the organic. You mentioned 1.5% positive in September. Could you maybe talk about the different regions a little bit? And within that, I guess, what the impact was of additional COVID-related sales? And then secondly, just going back to the provisions. So it seems like they're more broadly spread across the different regions, while in Q2, most of your provisions were in North America. If we think about, I guess, Q4, what the movements might be at that point, is it fair to say that -- you have been quite conservative over the last 2 quarters. So let's say, the health care provisions that you took in North America, you haven't necessarily seen any actual impact on, so potentially some of that might come back in the P&L? And similarly, to what extent have you actually seen any bad debts come through on the other part of these? And could we see actually some positives as we go through the next couple of quarters?


Question: Sylvia Pavlova Barker - JPMorgan Chase & Co, Research Division - Analyst : Apologies, something went wrong with my line, so I couldn't say thank you for the answers on the previous ones. Could I just sneak in a quick follow-up on that? Just you obviously commented on September. So thanks for that, but can you also give an indication on October, given we're now kind of early November, just to see how the 1.5% might have developed 1 more month further in the year.

Table Of Contents

Securitas AB to Acquire Stanley Security from Stanley Black & Decker Inc Call Transcript – 2021-12-08 – US$ 54.00 – Edited Transcript of SECUb.ST M&A conference call or presentation 8-Dec-21 9:30am GMT

Securitas AB Q3 2021 Earnings Call Transcript – 2021-10-29 – US$ 54.00 – Edited Transcript of SECUb.ST earnings conference call or presentation 29-Oct-21 12:30pm GMT

Securitas AB Q2 2021 Earnings Call Transcript – 2021-07-29 – US$ 54.00 – Edited Transcript of SECUb.ST earnings conference call or presentation 29-Jul-21 12:30pm GMT

Securitas AB Q1 2021 Earnings Call Transcript – 2021-05-05 – US$ 54.00 – Edited Transcript of SECUb.ST earnings conference call or presentation 5-May-21 1:00pm GMT

Securitas AB Q4 2020 Earnings Call Transcript – 2021-02-04 – US$ 54.00 – Edited Transcript of SECUb.ST earnings conference call or presentation 4-Feb-21 8:30am GMT

Securitas AB Q2 2020 Earnings Call Transcript – 2020-07-29 – US$ 54.00 – Edited Transcript of SECUb.ST earnings conference call or presentation 29-Jul-20 12:30pm GMT

Securitas AB Investor Day 2019 Transcript – 2019-12-05 – US$ 54.00 – Edited Transcript of SECUb.ST corporate analyst meeting</ 5-Dec-19 12:00pm GMT

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Thomson StreetEvents. "Securitas AB Q3 2020 Earnings Call Transcript" Nov 03, 2020. Alacra Store. May 17, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2020-Securitas-AB-Earnings-Call-T13448020>
  
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Thomson StreetEvents. (2020). Securitas AB Q3 2020 Earnings Call Transcript Nov 03, 2020. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2020-Securitas-AB-Earnings-Call-T13448020>
  
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