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Low Smoke Halogen Free Flame Retardant Polypropylene (PP) Market size is set to grow by USD 344.8 million from 2024-2028, easy availability of polypropylene boost the market, Technavio

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NEW YORK, Aug. 21, 2024 /PRNewswire/ — The global low smoke halogen free flame retardant polypropylene (PP) market size is estimated to grow by USD 344.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 8.09% during the forecast period. Easy availability of polypropylene is driving market growth, with a trend towards growth of construction industry in APAC. However, volatile petrochemical prices poses a challenge. Key market players include Albemarle Corp., Audia, BASF SE, Bayer AG, Celanese Corp., Clariant International Ltd., DuPont de Nemours Inc., ICC Industries Inc., Israel Chemicals Ltd., J M Huber Corp., Koninklijke DSM NV, Lanxess AG, Mitsubishi Chemical Group Corp., RTP Co., Simona AG, Teknor Apex Co. Inc., The Lubrizol Corp., Thor Group Ltd., and VYCOM.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Low Smoke Halogen Free Flame Retardant Polypropylene (PP) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.09%

Market growth 2024-2028

USD 344.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.32

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 38%

Key countries

US, China, Germany, Japan, and India

Key companies profiled

Albemarle Corp., Audia, BASF SE, Bayer AG, Celanese Corp., Clariant International Ltd., DuPont de Nemours Inc., ICC Industries Inc., Israel Chemicals Ltd., J M Huber Corp., Koninklijke DSM NV, Lanxess AG, Mitsubishi Chemical Group Corp., RTP Co., Simona AG, Teknor Apex Co. Inc., The Lubrizol Corp., Thor Group Ltd., and VYCOM

Market Driver

The construction industry in Asia Pacific (APAC) is experiencing significant growth and is projected to continue expanding during the forecast period. China’s construction market, while showing a potential decline in housing construction, presents opportunities in sectors like healthcare, education, social infrastructure, retail, and other consumer end-markets due to the country’s economic shift. India’s construction market is anticipated to grow at a rapid pace almost twice that of China’s. In the construction industry, low smoke halogen free flame retardant polypropylene (PP) is extensively used in hot-melt adhesives. The expanding construction sector in APAC will fuel the demand for this material, thereby propelling the global low smoke halogen free flame retardant PP market growth during the forecast period. 

The Low Smoke Halogen Free Flame Retardant Polypropylene (PP) market is witnessing significant growth due to increasing focus on fire safety in various industries. Construction and electrical sectors are major consumers, with a shift towards halogen-free flame retardant polymers for improved safety and regulatory compliance. Emerging regions like Asia-Pacific and South America are driving demand, as product differentiation becomes key. Nanoparticle technology and carbon fiber are trends in this market. In plastic packaging, PP is used for anticorrosion coating and 3D printing filament. KIMYA, a leading player, supplies PP for cable jacketing applications. Regulatory standards like fire safety regulations for TVs, wires, cables, portable computing, gaming systems, personal electronics, and the electronics market are driving demand. The construction market, transportation system, and consumer products also utilize PP in cable jacketing applications, corrugated sheets, and electric cars/hybrid vehicles. Despite high petrochemical prices, the market remains robust due to its importance in various industries. 

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Market Challenges

The prices of crude oil, propylene, and ethylene significantly impact the cost of producing low smoke halogen free flame retardant polypropylene (PP). Crude oil prices, influenced by supply-demand dynamics, determine the cost of producing propylene via steam cracking and catalytic reforming processes. As a monomer in polypropylene production, any price fluctuations in propylene directly affect the price of this material. In March 2020, key petrochemicals, including styrene monomer (SM) and crude oil, experienced significant decreases, with Brent crude falling to USD31.19/bbl and US crude dropping to USD30.04/bbl. This downturn led to a 17% decrease in Asian petrochemical prices and slowed the growth of the low smoke halogen free flame retardant PP market. These price trends could potentially hamper the expansion of the global low smoke halogen free flame retardant PP market during the forecast period.The Low Smoke Halogen Free Flame Retardant Polypropylene (PP) market faces several challenges in various industries. In transportation, ensuring timely delivery of PP materials for cable jacketing applications in the automobiles sector, electric vehicles, and hybrid vehicles can be difficult due to logistical issues. In construction, workers require immediate access to PP materials for Corrugated Sheets and other fire-resistant applications, which can be a challenge due to global supply chain disruptions. Consumer electronic brands and retailers, including shops, showrooms, supermarkets, and hypermarkets, must adhere to strict fire safety regulations. Regulatory standards for electronics, such as TVs, wires, cables, portable computing, gaming systems, personal electronic devices, and mobile computing, continue to evolve, putting pressure on the market. Petrochemical prices also impact the cost of producing PP polymers and composites, affecting the overall market. Additionally, the Energy Ministerial and electronics manufacturing sectors must navigate the complexities of producing fire-resistant plastics while maintaining competitiveness in the market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This low smoke halogen free flame retardant polypropylene (pp) market report extensively covers market segmentation by

Application 1.1 Construction1.2 Automotive1.3 Electrical and electronic1.4 Industrial1.5 OthersType 2.1 IEC60332-12.2 IEC60332-22.3 IEC60332-3Geography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Construction- The construction industry’s fire safety requirements have led to the increased usage of low smoke halogen free flame retardant polypropylene (PP). This material’s demand is on the rise due to the expansion of the construction sector worldwide. Brominated fire retardants (BFRs), such as pentabromodiphenyl ether, decabromodiphenyl ether, and hexabromocyclododecane, are commonly used additives for improving fire retardancy in plastics. These BFRs help convert highly reactive free radicals into less reactive ones, ensuring better fire performance. In the construction industry, low smoke halogen free flame retardant PP is primarily used in wires and cables for insulation. The growing construction industries in emerging economies like Brazil, Indonesia, Malaysia, Chile, Thailand, and India necessitate the use of this material for safety and security reasons. Consequently, the global low smoke halogen free flame retardant PP market is poised for significant growth during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Low Smoke Halogen Free Flame Retardant Polypropylene (PP) market is witnessing significant growth due to the increasing demand for fire safety in various industries. In the construction sector, flame retardant polymers, particularly PP, are used to enhance fire safety in buildings and infrastructure. The electrical industry also relies heavily on these materials for wires and cables to prevent electrical fires. Halogen-free flame retardant PP is gaining popularity due to its environmental benefits, as it does not release toxic smoke during a fire. Emerging regions like Asia-P Pacific and South America are expected to drive the market growth due to increasing awareness and stringent regulations regarding fire safety. Product differentiation through nanoparticle technology and the use of additives are key strategies adopted by manufacturers. The use of PP in plastic packaging, carbon fiber, anticorrosion coating, 3D printing filament, and other applications is also expanding. The electronics market, including portable computing, gaming systems, and personal electronic devices, is a significant consumer of flame retardant polymers. The automobiles sector, including electric cars and hybrid vehicles, is also adopting fire-resistant plastics made from PP. The market’s growth is, however, affected by petrochemical prices and the availability of raw materials. KIMYA and other key players are investing in research and development to innovate and offer high-performance, cost-effective solutions. The use of PP in various applications, from wires and cables to composites and 3D printing filament, is expected to continue driving the market growth.

Market Research Overview

The Low Smoke Halogen Free Flame Retardant Polypropylene (PP) market is witnessing significant growth due to the increasing focus on fire safety in various industries. In construction, PP is used for producing fire-resistant insulation materials, electrical components, and anticorrosion coatings. In the electrical sector, PP’s halogen-free flame retardant properties make it an ideal choice for cable jacketing applications in consumer electronic brands, retail shops, showrooms, supermarkets, and hypermarkets. The transportation system is another major consumer of PP in the form of automotive components, such as car interior parts, seat belts, and engine covers. The emerging regions are expected to drive the demand for PP in the fire safety market, especially in the construction industries and the electronics market. Product differentiation through nanoparticle technology is a key trend in the market, with companies exploring the use of nanoparticles to enhance the flame retardant properties of PP. The global supply chain for PP is influenced by petrochemical prices and regulatory standards, including fire safety regulations. The market for PP in the automobiles sector is expected to grow due to the increasing demand for electric cars and hybrid vehicles. The Energy Ministerial and electronics manufacturing sectors are also significant consumers of PP in the form of 3D printing filament and polymer composites for fire-resistant plastics. The market for PP in the electronics industry includes applications in TVs, wires, cables, portable computing, gaming systems, personal electronic devices, and mobile computing.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationConstructionAutomotiveElectrical And ElectronicIndustrialOthersTypeIEC60332-1IEC60332-2IEC60332-3GeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

VibeBeats Launches AI-Powered Music Streaming Service for Businesses globally

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Vibebeats AI gives cafés, gyms, retailers, bars and hotels fully licensed, AI-curated streaming music for business from any phone, tablet or browser — no hardware, no lock-in contracts, no licensing paperwork — from A$29 a month with a 7-day free trial.

BRISBANE, Australia, July 24, 2026 /PRNewswire-PRWeb/ — VibeBeats Launches AI-Powered Music Streaming Service for Businesses globally

VibeBeats gives venues fully licensed, AI-curated Music at a fraction of the cost — one app, one licence, one platform.

Vibebeats AI gives cafés, gyms, retailers, bars and hotels fully licensed, AI-curated streaming music for business from any phone, tablet or browser — no hardware, no lock-in contracts, no licensing paperwork — from A$29 a month with a 7-day free trial.

Most venues playing music through consumer apps are doing it on the wrong licence. VibeBeats, an Australian-built, AI-powered streaming music for business platform, has launched across Australia and worldwide to fix that — turning any phone, tablet or browser into a fully licensed venue sound system in under five minutes. One agreement covers commercial performance rights across OneMusic and APRA AMCOS in Australia, and ASCAP, BMI, PRS and other rights bodies internationally — the same platform serving a café in Melbourne or a gym in London.

The “Spotify for business” that actually exists

Every month, thousands of venue owners worldwide search for “Spotify for business” — a product that doesn’t exist. Consumer streaming accounts are licensed for personal use only, leaving businesses that play them exposed under copyright law in Australia and virtually every other market. VibeBeats fills that gap: a business music streaming service where the commercial music rights are handled under one agreement — no separate music licence for business paperwork to manage.

“The number one thing we see is venue owners assuming it’s fine to play their personal Spotify account in the café — most don’t realise a licence fee even applies,” said Damien King, founder of VibeBeats. “It’s not bad intent. Licensing is complex, and when you’re running a small business there are a hundred competing priorities. VibeBeats solves it with one app, one licence, one platform.”

What VibeBeats delivers

Fully Licensed for Commercial Use — one agreement covers the rights that would otherwise involve OneMusic, APRA AMCOS, ASCAP, BMI, PRS and more.No Hardware Required — any phone, tablet or browser becomes the venue sound system — set up in under five minutes.AI-Curated Background Music for Business — stations matched to venue type and time of day, from morning coffee trade to peak gym floor to late-night bar.Smart Scheduling — playlists by daypart, with music that keeps running through connection drops.Multi-Venue Dashboard — manage every location from a single account.Simple Pricing — from A$29 per month per venue with a 7-day free trial — no lock-in contracts.

Pricing and availability

VibeBeats is available now from $29AUD/$20US per month per venue, and globally, with a 7-day free trial at vibebeats.ai. Purpose-built stations are available for cafés, gyms, retail and in-store environments, bars and hotels.

About VibeBeats

VibeBeats is an AI-powered commercial music streaming platform for businesses, offering direct-licensed music for cafés, restaurants, bars, retail stores, gyms and hotels. One agreement covers commercial performance rights that would otherwise involve PROs, OneMusic, APRA AMCOS, ASCAP, BMI, PRS and more. Australian-built and available globally, VibeBeats AI streams to any device with no proprietary hardware required. Learn more at vibebeats.ai.

VibeBeats is not affiliated with Spotify.

Media Contact

Damien King, Vibebeats AI, 61 0408009067, hello@vibebeats.ai, https://vibebeats.ai

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Inside information: Valmet initiates a strategic review to evaluate a potential separation of its two segments

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Valmet Oyj’s stock exchange release (inside information) on July 24, 2026 at 9.01a.m. EEST 

ESPOO, Finland, July 24, 2026 /PRNewswire/ — The Board of Directors of Valmet Oyj (“Valmet” or the “Company”) has decided to initiate a strategic review to evaluate a potential separation of its two core businesses, Biomaterial Solutions and Services, and Process Performance Solutions, into two standalone publicly listed companies. The review will focus on assessing whether a separation of the two businesses and their operation as separately listed companies on Nasdaq Helsinki would create additional value for shareholders compared with the current combined structure.

Both Valmet’s core businesses report as separate segments and they have grown into large, mostly independent profitable businesses, each with strong market positions and scale that allow them to succeed independently. With the recent completion of the Severn acquisition taking Process Performance Solutions to approximately EUR 1.7 billion in annual net sales and the renewed operating model now firmly in place, the Board believes this is the right time to assess whether a separation would unlock shareholder value by enabling each business to better realise its full potential.

The Board also notes that the two core businesses operate relatively independently as they serve mainly different customer industries, exhibit distinct business drivers, and have different capital allocation profiles. Biomaterial Solutions and Services is a global technology and lifecycle services business focused on the pulp, board, paper, tissue and energy industries, where its competitive advantage is anchored in a vast installed base, advanced technology, global presence, strong customer references and global services penetration. Process Performance Solutions is a mission-critical automation and flow control business serving a diversified set of industries. Over the past decade, it has evolved from a business primarily focused on pulp and paper into a diversified industrial platform, with close to 70 percent of net sales generated from other industries today.

Based on the Board’s initial assessment, a separation would allow each business to pursue sustainable profitable growth opportunities more independently and efficiently, with the potential for sharper management focus, greater agility, more tailored capital allocation, and more flexible access to external capital to support both organic and inorganic growth. The Board will also assess whether, if implemented, a separation would improve transparency, simplify governance, and allow capital markets to better recognize the full value of both businesses.

Pekka Vauramo, Chair of the Board, said:
“The Board continuously evaluates how to create the greatest long-term value for Valmet’s shareholders. Today, Valmet consists of two strong businesses with distinct markets, growth opportunities and capital allocation needs. Through this review, we will assess whether they can create more value as independent companies than they can together. We will only proceed with a separation if we conclude after detailed analysis that separation is clearly in the best interests of our shareholders.” 

Thomas Hinnerskov, President and CEO of Valmet, said:
“Both of our businesses are well positioned, with strong customer relationships and market positions, as well as talented employees. The review reflects the strength and maturity of both businesses, which we have built through strong execution, organic growth and strategic investments into sizeable and successful operations with the scale, capabilities and opportunities to create further value both together and, potentially, as independent companies. This review does not change our commitment to our customers or our strategy. It is a priority for us to preserve the strength of our full offering and the value our customers gain from services, automation and technology working together. Throughout the process, our focus remains on serving our customers and delivering value for their success.”

Although the strategic review has been initiated, there is no guarantee that the review will result in any transaction, including a separation. The Board will only execute or recommend changes to the Group’s structure if clear evidence of enhanced shareholder value creation can be attained. Valmet will provide an update on the review latest in connection with the publication of its full-year 2026 results.

Further information, please contact:

For investors: Pekka Rouhiainen, VP, Investor Relations, Valmet, tel. +358 10 672 0020

For media: Valmet Communications, media@valmet.com

VALMET

Katri Hokkanen
CFO

Pekka Rouhiainen
VP, Investor Relations

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.valmet.com

Valmet is a global technology leader in serving process industries. We work with our customers throughout the lifecycle, delivering cutting-edge technologies and services, as well as mission-critical automation and flow control solutions. Backed by more than 225 years of industrial experience and a global team of 18,500 professionals close to customers, we are uniquely positioned to transform industries toward a regenerative tomorrow.

In 2025, Valmet’s net sales totaled approximately EUR 5.2 billion. Our head office is in Espoo, Finland, and we have experts in approximately 40 countries around the world. Valmet’s shares are listed on Nasdaq Helsinki.

Follow us on valmet.com | X | LinkedIn | Facebook | YouTube | Instagram |

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Securitas AB Interim Report Q2 2026 | January-June

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STOCKHOLM, July 24, 2026 /PRNewswire/ — 

APRIL–JUNE 2026

Total sales MSEK 37 843 (38 564)Organic sales growth 0 percent (5)Adjusted organic sales growth, 3 percent*Real sales growth within technology and solutions 5 percent (4)Operating income before amortization MSEK 2 824 (2 798)Operating margin 7.5 percent (7.3)Adjusted operating margin, 7.6 percent (7.5)*Items affecting comparability (IAC) MSEK –46 (–166) Earnings per share, SEK 2.88 (2.56)Earnings per share before IAC, SEK 2.94 (2.79)Cash flow from operating activities 87 percent (106)

JANUARY–JUNE 2026

Total sales MSEK 74 054 (78 170)Organic sales growth 0 percent (4)Adjusted organic sales growth, 2 ­percent*Real sales growth within technology and solutions 4 percent (5)Operating income before amortization MSEK 5 283 (5 323)Operating margin 7.1 percent (6.8)Adjusted operating margin, 7.3 ­percent (7.1)*Items affecting comparability (IAC) MSEK 138 (–243) whereof MSEK 213 (–5) related to divestitures Earnings per share, SEK 5.68 (4.86)Earnings per share before IAC, SEK 5.40 (5.15)Cash flow from operating activities 65 percent (56)Net debt/EBITDA ratio 2.2 (2.4) 

*A new key ratio, operating margin adjusted for the government business within SCIS in the process of being closed down, was added as of the second quarter 2025. A new key ratio, organic sales growth adjusted for the same business, was added as of the third quarter 2025. Refer to note 5 for further information.

Comments from the President and CEO

“Continued profitability improvement”

Organic sales growth in the second quarter, adjusted for the close-down of the SCIS government business, was 3 percent. Organic sales growth in North America was supported by both the Guarding and Technology business units, while active portfolio management had a hampering effect on organic sales growth in Europe. 

Real sales growth in technology and solutions reached 5 percent in the second quarter, supported by good performance in Technology in North America. Commercial activity remained healthy in the global technology business with strong growth in installation order intake and backlog.

We execute on our strategy with the share of technology and solutions increasing across all segments but we are not fully satisfied with the overall growth. We have built a strong and differentiated technology-led offering and we are intensifying our efforts to commercialize the capabilities we have built.

We delivered an improved adjusted operating margin in the second quarter, reaching 7.6 percent (7.5), driven by both the technology and solutions and the security services business lines. Operating income increased 3 percent and earnings per share 7 percent. For the first six months earnings per share increased 11 percent.

Cash generation was good, cor­re­spond­ing to 87 percent (106) of oper­at­ing income in the quarter, and 65 per­cent (56) for the first six months of the year. The net debt to EBITDA ratio was 2.2 (2.4).

THE TRUSTED PARTNER IN INTELLIGENCE-LED SECURITY

Our recently announced 2030 strategy positions Securitas as the trusted partner in intelligence-led security, combining global presence and deep security expertise with advanced data, analytics and technology. By leveraging actionable risk intelligence and a more consultative approach, we aim to move further up the value chain, delivering proactive, insight-driven security and strengthening our role as a strategic advisor to clients. In an increasingly complex risk environment, growing demand for professional security ­ser­vices supports our continued growth and competitive position.

The close-down of the SCIS govern­ment business is progressing accord­ing to plan and is expected to be concluded by year-end. As no further activities remain, the strategic as­sess­­­ment program was concluded in the second quarter of 2026.

The shift toward technology and solutions continues to drive prof­itabil­ity improvements. We are also strength­en­ing the performance of our security services business and, as of the second quarter of 2026, have completed portfolio management actions related to underperforming contracts in Europe. Going forward, portfolio optimization will continue as part of normal business operations, with a sustained focus on contract profitability.

CREATING LONG-TERM SHAREHOLDER VALUE

In conjunction with the launch of our strategy, we have updated the Group’s financial targets for the period through 2030. The revised targets include a new headline target of achieving 10 percent average annual earnings per share growth over a business cycle, alongside targets for cash flow, leverage and dividend policy. With a strong focus on quality and innovation, we are accelerating our transformation and remain confident in our ability to deliver sustainable earnings growth and create long-term shareholder value.

Magnus Ahlqvist
President and CEO

PRESENTATION OF THE INTERIM REPORT

Analysts and media are invited to participate in a telephone ­conference on July 24, 2026, at 9.30 a.m. (CEST) where President and CEO Magnus Ahlqvist and CFO Matteo Dall’Ora will present the report and answer questions. The ­telephone conference will also be audio cast live via Securitas’ website www.securitas.com

To follow the audio cast of the telephone conference via the web, please follow the link
www.securitas.com/en/investors/financial-reports-and-presentations/

A recorded version of the audio cast will be available at www.securitas.com/en/investors/financial-reports-and-presentations/
after the ­telephone conference.

For further information, please contact:
Micaela Sjökvist, Vice President, Investor Relations +46 76 116 7443

ABOUT SECURITAS

Securitas is a world-leading safety and security solutions partner that helps make your world a safer place. Nine decades of deep experience means we see what others miss. By leveraging technology in partnership with our clients, ­combined with an innovative, holistic approach, we’re transforming the security ­industry. With approximately 322 000 employees in 44 markets, we see a ­different world and ­create sustainable value for our clients by protecting what matters most – their people and assets.

Group financial targets

Securitas has the following financial targets:

Average annual earnings per share growth of 10 percent over a business cycle, excluding items affecting comparability and adjusted for changes in exchange rates, with a >10 percent operating margin ambition long-termOperating cash flow of 80–90 percent of operating income before amortizationNet debt to EBITDA below 2.5xDividend policy of 50–60 percent of annual net income over a business cycle, with excess capital returned to shareholders once stra-tegic growth priorities are met

Securitas AB (publ.)
P.O. Box 12307, SE-102 28 Stockholm, Sweden
Visiting address:
Lindhagensplan 70
Telephone: +46 10 470 30 00
Corporate registration number: 556302-7241

www.securitas.com

This is information that Securitas AB is obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency of the contact person set out above,
at 8.00 a.m. (CEST) on Friday, July 24, 2026.

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