Securitas AB Q3 2023 Earnings Call Transcript - Thomson StreetEvents

Securitas AB Q3 2023 Earnings Call Transcript

Securitas AB Q3 2023 Earnings Call Transcript - Thomson StreetEvents
Securitas AB Q3 2023 Earnings Call Transcript
Published Nov 07, 2023
13 pages (8182 words) — Published Nov 07, 2023
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Abstract:

Edited Transcript of SECUb.ST earnings conference call or presentation 7-Nov-23 1:30pm GMT

  
Brief Excerpt:

...Good afternoon, everyone, and welcome to our Q3 update. We are maintaining a steady focus in executing on our strategy and this is visible in the financial performance. And in Q3, we're seeing margin improvements in all 3 business segments. We recorded 8% organic sales growth. And on the services side, the main driver of the growth was price increases and portfolio growth of the aviation business. But we also had good growth in technology and solutions. The operating margin improved to 6.9% versus 6.5% last year and technology and solutions business line is the main driver of the margin improvement. We are on par in terms of price/wage in the first 9 months. And I just want to make a comment here that similar to Q2, we have seen some improvement in the labor market with improved availability of qualified people, but the market is still fairly tight. The operating cash flow was 84%, which is below our internal targets for the quarter and generating a strong cash flow in Q4 is an important...

  
Report Type:

Transcript

Source:
Company:
Ticker
SECUb.ST
Time
1:30pm GMT
Format:
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Securitas AB Q1 2025 Earnings Call Transcript – 2025-05-08 – US$ 106.00 – Edited Transcript of SECUb.ST earnings conference call or presentation 8-May-25 7:30am GMT

Securitas AB Q4 2024 Earnings Call Transcript – 2025-02-06 – US$ 54.00 – Edited Transcript of SECUb.ST earnings conference call or presentation 6-Feb-25 8:00am GMT

Securitas AB Q3 2024 Earnings Call Transcript – 2024-11-06 – US$ 54.00 – Edited Transcript of SECUb.ST earnings conference call or presentation 6-Nov-24 8:30am GMT

Securitas AB Q2 2023 Earnings Call Transcript – 2023-07-28 – US$ 54.00 – Edited Transcript of SECUb.ST earnings conference call or presentation 28-Jul-23 12:30pm GMT

Securitas AB Q1 2023 Earnings Call Transcript – 2023-05-03 – US$ 54.00 – Edited Transcript of SECUb.ST earnings conference call or presentation 3-May-23 12:30pm GMT

Securitas AB Q4 2022 Earnings Call Transcript – 2023-02-07 – US$ 54.00 – Edited Transcript of SECUb.ST earnings conference call or presentation 7-Feb-23 1:30pm GMT

Securitas AB Q3 2022 Earnings Call Transcript – 2022-11-08 – US$ 54.00 – Edited Transcript of SECUb.ST earnings conference call or presentation 8-Nov-22 1:30pm GMT

Securitas AB Investor Day Transcript – 2022-08-24 – US$ 54.00 – Edited Transcript of SECUb.ST corporate analyst meeting</ 24-Aug-22 12:00pm GMT

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MLA:
Thomson StreetEvents. "Securitas AB Q3 2023 Earnings Call Transcript" Nov 07, 2023. Alacra Store. May 16, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-Securitas-AB-Earnings-Call-T15783337>
  
APA:
Thomson StreetEvents. (2023). Securitas AB Q3 2023 Earnings Call Transcript Nov 07, 2023. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-Securitas-AB-Earnings-Call-T15783337>
  
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