Securitas AB Investor Day 2019 Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst : Yes. Karl-Johan Bonnevier, DNB Markets. Just when you look at that margin differential with different markets, would you consider, in the '23 perspective, that all markets are core and all service areas are core for you? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. DECEMBER 05, 2019 / 12:00PM, SECUb.ST - Securitas AB Investor Day 2019

Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst : You will continue to develop them and, like I said, rather than disposing them to, say, increase the lower level of the organization.

Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst : Karl-Johan Bonnevier, DNB Markets. A little higher question, if I may. And it's a 3 level question in the way that looking at technology growth during 2019, we obviously see an organic deceleration compared to the growth rate you have shown in earlier years. So it would be great to get a little feel for what you've seen happening during this year. And obviously, now you are putting up quite ambitious target for the next 3, 4 years for growing this again. So a little more feel for the timeline, how you see a reacceleration of this again if it's a hockey stick in 2 years' time? Or if it's something that we should expect a more continuous improvement if you are looking at it? And also, I heard the word accountability coming up quite a few times during the presentations. How have you drilled down this 40 billion target in an accountability kind of product? Have you built the 40 billion target, basically? Is it upper -- just, you're looking from a top line opportunity? Or is it coming from bottom up?

Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst : To increase your margins, you mentioned higher prices for your clients. Do you think this can make your clients willing to go to other competitors with higher prices?

Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst : Yes. I'll take this chance. Yes, continue on that. If Greg said he had 28 of those kind of financial HR system in his operation, how many have you concluded that you have in Europe?

Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst : Excellent. And then the question I was planning to ask. Looking at 2020, how do you see in the different regions, the wage cost price balance?

Question: Karl-Johan Bonnevier - DNB Markets, Research Division - Analyst : And on that, looking at France and Holland that obviously, were challenges during this year, do you feel that you are able to fully compensate going into 2020?