Connect with us

Technology

Securitas AB Full Year Report 2024 | January-December

Published

on

STOCKHOLM, Feb. 6, 2025 /PRNewswire/ — 

October–December 2024

Total sales MSEK 41 794 (39 542)Organic sales growth 4 percent (6)Real sales growth within technology and solutions 6 percent (6)Operating income before amortization MSEK 3 036 (2 683)Operating margin 7.3 percent (6.8)Earnings per share, SEK 2.86 (2.11)Earnings per share before IAC, SEK 3.05 (2.44)Cash flow from operating activities 153 percent (166)

January–December 2024

Total sales MSEK 161 921 (157 249)Organic sales growth 5 percent (9)Real sales growth within technology and solutions 6 percent (34)Operating income before amortization MSEK 11 200 (10 247)Operating margin 6.9 percent (6.5)Earnings per share, SEK 9.01 (2.24)Earnings per share before IAC, SEK 10.81 (9.59)Net debt/EBITDA ratio 2.5 (2.7)Cash flow from operating activities 84 percent (80)Proposed dividend for 2024 of SEK 4.50 (3.80) per share, distributed in two equal installments

Comments from the President and CEO

“Strong strategic execution and performance in 2024”

“We concluded 2024 with an operating margin of 7.3 per­cent (6.8) in the fourth quarter. The improvement was mainly driven by the security services business in Europe. Security services in North America and our global technology and solutions business also supported.

Organic sales growth was 4 percent in the fourth quarter. Real sales growth in our technology and solutions business was 6 percent, supporting the shift in the mix toward higher-margin business.

Operating cash flow was 153 percent (166) in the fourth quarter and 84 per­cent (80) for the full year. Cash flow generation in 2024 supported an accelerated deleveraging to a net debt/EBITDA ratio of 2.5 (2.7) at year-end.

SHAPING SECURITAS FOR LONG-TERM SUSTAINABLE SHAREHOLDER VALUE

In a time of heightened global uncertainty and an increased threat environment, clients are looking for a future-oriented partner with extensive security expertise. Our long-term partnership approach, combined with our global presence, technology and digital capabilities is a critical differentiator that makes us the partner of choice. 

Our business model is resilient, and we drive operational value creation through growth in technology and solutions, improved portfolio profitability in security services, cost efficiency and digital innovation. In the fourth quarter, our margin on new sales improved thanks to a strengthened client offering. Additionally, active portfolio manage­ment contributed to improved profitabil­ity in our security services business, especially in Europe. 

Our technology and solutions business delivered healthy growth and operating margin improvement in the quarter. By the end of the year, we closed the STANLEY Security integration program, and I am pleased with how we have successfully managed this large and complex process. With a strong value proposition in place and the integration now behind us, we are in a good position to focus on operational delivery and client engagement. 

After a few years of extensive work under our transformation programs to create a modern and more digital Securitas, we have now completed yet another milestone with the finalization of the Ibero-American program. In Europe, we still have some work remaining and will continue our implementation efforts in 2025 and 2026, albeit at continued lower investment levels.

As we build the new Securitas, we continue to create scale and increased automation opportunities. In January 2025, we started to execute additional identified opportunities to run our business at a structurally lower cost level which will deliver MSEK 200 in annualized savings by the end of 2025, primarily in Europe. The total cost of this business optimization program is MSEK 225, and will be accounted for as an item affecting comparability in 2025. Total investments related to items affecting comparability will be materially reduced in 2025 to approximately MSEK 375.

As part of our strategy, we are continuing to assess our business mix and presence to enhance our performance and long-term competitive position. Late in the fourth quarter, we signed a put option agreement to divest our airport security business in France due to the limited opportunity to pursue our long-term strategy at a healthy financial performance. 

2024 – A STRONG YEAR

As I look back at 2024, I am proud of the Securitas team and our per­formance. We have taken important steps on our journey to transform Securitas into the leading intelligent security partner, strengthened our operating margin to 6.9 percent (6.5) and improved earnings per share by 15 percent in 2024. We still have important work ahead of us, but we are on track with our strategic plan, and we remain committed to achieving our target of an 8 percent operating margin by the end of 2025.”

Magnus Ahlqvist
President and CEO

PRESENTATION OF THE FULL YEAR REPORT

Analysts and media are invited to participate in a telephone ­conference on February 6, 2025, at 9.30 a.m. (CET) where President and CEO Magnus Ahlqvist and CFO Andreas Lindback 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 336 000 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 four financial targets:

8–10 percent technology and solutions annual average real sales growth8 percent Group operating margin by year-end 2025, with a >10 percent ­long-term operating margin ambitionA net debt to EBITDA ratio below 3.0xAn operating cash flow of 70–80 percent of operating income before ­amortization

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. (CET) on Thursday, February 6, 2025.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/securitas/r/securitas-ab-full-year-report-2024—january-december,c4101107

The following files are available for download:

 

View original content:https://www.prnewswire.co.uk/news-releases/securitas-ab-full-year-report-2024–januarydecember-302369843.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Manufacturing Category at 139th Canton Fair Presents Smarter, Lighter and More Connected Solutions

Published

on

By

GUANGZHOU, China, April 24, 2026 /PRNewswire/ — At the 139th Canton Fair, Manufacturing category presented a clear view of how industrial equipment is evolving to address efficiency, labor shortages, and sustainability goals. Across power equipment, machinery, automation systems, and industrial robots, exhibitors pointed to a common direction: smarter operation, stronger engineering performance, and deeper integration with digital manufacturing systems.

Industrial equipment is advancing towards intelligence with products emphasizing built-in sensing and automatic adjustment to enhance reliability and efficiency. Silent inverter generators, for example, can detect operating conditions and ambient temperature to regulate cooling for better fuel use and stability. Pumps and cleaning equipment with variable-frequency drives and integrated protection systems follow the same approach, prioritizing smooth operation, longer service life, and consistent output.

Lightweight, high-performance design has also become a priority across categories. Advances in materials and structural engineering are enabling major weight reductions without compromising power or durability. Aluminum-extrusion housings in three-phase asynchronous motors cut weight by up to 40% while improving heat dissipation and installation efficiency. Lightweight permanent-magnet submersible pumps delivered stronger flow stability despite smaller size and reduced weight.

AI-based visual inspection and quality control are also becoming essential. AI-powered optical inspection stations demonstrated full-process, high-speed inspection without relying on manual sampling. By turning experience-based judgment into standardized, repeatable rules, these systems help manufacturers improve scalability and consistency.

Industrial robots are taking on more active roles as well. Security patrol robot dogs and inspection robots are moving beyond monitoring to direct intervention, such as carrying fire-suppression modules for emergency response. This shift marks a broader move from passive observation to active execution in high-risk or labor-intensive environments.

Finally, more industrial devices are being designed as system nodes rather than standalone machines. Intelligent industrial gateways that combine data collection, protocol conversion, edge computing, and secure transmission show how equipment value increasingly depends on its ability to connect with enterprise-level digital systems.

The 139th Canton Fair vividly showcased the accelerated shift of industrial equipment toward intelligent and system-level development.

For pre-registration, please click: https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/manufacturing-category-at-139th-canton-fair-presents-smarter-lighter-and-more-connected-solutions-302752629.html

SOURCE Canton Fair

Continue Reading

Technology

Zhejiang unicorn ranks grow to 58 as Hangzhou tightens lead, top ranking shows

Published

on

By

Province adds three unicorns, expands high-growth pipeline
Hangzhou accounts for 83% as new entrants and startups scale up

HANGZHOU, China, April 24, 2026 /PRNewswire/ — Zhejiang’s roster of unicorn companies has expanded to 58 as of April 2026, highlighting the province’s growing role as a hub for emerging technologies and industrial upgrading.

The latest rankings, released at the 10th All Blossom Conference in Hangzhou on April 23, show companies spread across seven cities, including Hangzhou, Ningbo, Jiaxing, Jinhua, Shaoxing, Taizhou and Wenzhou.

While Hangzhou, Ningbo and Jiaxing remain the top three hubs, the broader distribution points to a more geographically balanced innovation landscape. The province’s unicorn count rose by three from a year earlier.

Hangzhou continues to dominate the landscape, home to 48 of Zhejiang’s unicorns, up from 44 last year—when it already accounted for roughly four out of every five such startups.

The annual rankings also include tiered lists of “future unicorns,” valued between $100 million and $1 billion, and early-stage “seed unicorns” worth $10 million to $100 million.

Together, they map a full pipeline of high-growth companies across sectors such as artificial intelligence, embodied intelligence, life sciences, new energy, semiconductors, advanced manufacturing and aerospace, and have become a key barometer of Zhejiang’s startup ecosystem.

Among the top 100 future unicorns, integrated circuits lead with 22 companies, followed by artificial intelligence and life sciences with 19 each. Advanced manufacturing accounts for 16 firms, new energy and materials 15, and next-generation information technology nine.

In the seed unicorn category, new energy and life sciences each count 22 companies, ahead of advanced manufacturing with 19, while AI, next-generation IT and semiconductors each have 11 firms, and aerospace-related companies total four.

Against that provincial backdrop, Hangzhou remains the clear center of gravity—continuing to generate both the largest share of unicorns and the deepest pipeline of emerging startups.

The city added eight companies to its unicorn ranks on April 23, bringing the total to 48, according to the same conference ranking.

The new entrants—Hailiang Technology Services, Geener Microelectronics, Spirit AI, Geespace, Sunrise, Seepin, DEEP Robotics and Simplexity Robotics—span sectors from semiconductors and robotics to commercial aerospace.

As of April, Hangzhou accounted for 83% of Zhejiang’s unicorns, up from 80% a year earlier, underscoring its outsized role in the province’s innovation economy.

The conference also released a list of 413 quasi-unicorns—companies typically valued between $100 million and $1 billion—including 50 new additions.

Several firms, such as Diagens Biotechnology, Manycore Tech, Mirxes, Promisemed, Saint Bella, Tide Pharmaceutical, Tongshifu and ISV, exited the list after scaling into unicorn status or completing initial public offerings.

Quasi-unicorns are concentrated in sectors aligned with Hangzhou’s broader “296X” industrial strategy. Life sciences lead with 118 firms, followed by next-generation information technology with 78 and AI and embodied intelligence with 50—together accounting for about 60% of the total.

The “296X” is an industrial cluster blueprint the city introduced in October 2025 in an effort to speed up the integration of technological and industrial innovation.

More than half of both unicorns and quasi-unicorns—255 companies—are classified as nationally recognized “specialized and refined” enterprises, including 20 unicorns and 235 quasi-unicorns, reflecting a structured pipeline of high-growth firms.

Since 2018, Hangzhou’s unicorn count has risen from 26 to 48, while quasi-unicorns have expanded from 105 to 413, underscoring sustained growth in its innovation-driven economy.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/zhejiang-unicorn-ranks-grow-to-58-as-hangzhou-tightens-lead-top-ranking-shows-302752640.html

SOURCE All Blossom Conference

Continue Reading

Technology

KUN Unveils AI Intelligent Strategy at Money20/20 Asia: Reconstructing Global Commercial Efficiency with “1-1-4-6” Layout

Published

on

By

BANGKOK, April 24, 2026 /PRNewswire/ — At the prestigious Money20/20 Asia held at QSNCC, KUN showcased its upgraded brand identity and launched the “1-1-4-6” Intelligent Strategic Blueprint. This milestone marks KUN’s comprehensive transition toward a globalized, full-stack, and intelligent ecosystem.

Dr. Louis Liu, Founder & Group CEO of KUN, stated at the launch: “While the convergence of Web2 and Web3 defines the current era, we believe the embedded ecosystem synergy of AI and Web3 is the inevitable future of commerce. Our evolution is an intelligent reconstruction of commercial efficiency. By leveraging decades of vertical payment expertise, we provide enterprise clients with full-stack, end-to-end payment and financial solutions. Through digital orchestration and operations, we deliver secure, compliant, and high-velocity transaction safeguards to empower global business growth.”

Money20/20 Roundtable: Compliance as the “Scaling Layer” for Institutional Adoption

At the “Bridging TradFi and DeFi” roundtable, Dr. Liu shared three key insights on the future of cross-border finance:

Asia as the Hub for Real-World Stablecoin Settlement: Asia has emerged as a critical hub for cross-border trade flows and stablecoin settlement, connecting high-growth emerging markets. Currently, 60% of the world’s on-chain stablecoin trade volume is centered in Asia, making it a primary corridor for capital flows between Asia, LATAM, Africa, and the Middle East.

Compliance as the “Scaling Layer”: The bottleneck for scaling digital payments is not technology or licensing, but the ability to embed jurisdictional compliance frameworks into business logic. Integrating AML and risk controls directly into the payment flow is the prerequisite for the explosion of global institutional applications.

Accelerating AI and Web3 Ecosystem Convergence: As AI agents increasingly enter commercial decision-making, payments are shifting from human-controlled to autonomous. Blockchain and stablecoins will serve as the default infrastructure for Agent-to-Agent (A2A) transactions.

Exhibition Interaction: From Platform Governance to Vertical Efficiency

At the main exhibition area, KUN demonstrated its dual-brand synergy through a new visual identity:

KUN: Positioned as the Trusted Vertical Digital Payments Platform for Real Economy, providing one-stop digital payments and scenario-based on-chain financial solutions.

YeeZ: A KUN Group brand specializing in 2B2C Global Corporate Card Issuance for global enterprises.

The “1-1-4-6” Strategic Blueprint: Driving Global Growth

KUN decoded its “1-1-4-6” strategy—an AI-powered blueprint designed for seamless asset mobility. The ecosystem integrates KUN Space™ (the digital payments & financial services platform) with KUN Nexus™ (the AI-orchestrated liquidity network). Driven by four core engines—KUN | Pay, KUN | Cards, KUN | Money, and KUN | Agent—the strategy empowers liquidity for six vertical sectors: Bulk Commodity, General Trade, B2B Cross-border E-Commerce, Service Trade, Web3 Ecosystems, and AI Applications.

Future Vision: The Era of “Driverless” Intelligent Payments

The launch highlighted KUN | Agent as the pioneer of the “driverless” era of intelligent global payments.

KUNClaw.AI: Orchestrates autonomous financial workflows to drive intelligent cost reduction and efficiency.

AI Agent Wallet: Features programmable KYC and authorization fences to ensure secure, compliant execution where “decision is payment”.

Seamless Network, Borderless Payments.

KUN remains dedicated to serving as the engine for the real economy, providing secure, compliant, and efficient one-stop cross-border payment solutions in an uncertain global environment.

About KUN

KUN is an innovative financial infrastructure company centered on digital payments and embedded finance. Built on a globally distributed licensing framework and a robust compliance and risk-management system, KUN connects Asia with high-growth emerging markets across Africa, Latin America, and the Middle East.

Positioned as a trusted vertical digital payments platform for real economies, the company operates across four core pillars—Cross-Border Digital Payments, On-Chain Finance, Card Issuing, and AI Agentic Payments. By integrating artificial intelligence and blockchain technologies, KUN delivers secure, compliant, and efficient one-stop payment and transaction services for enterprise clients across industries including commodity trade, B2B cross-border e-commerce, service trade, Web3 ecosystems, and AI applications.

Through this integrated infrastructure, KUN serves as a growth engine enabling enterprises to expand globally with speed, trust, and financial connectivity.

Learn more about KUN → www.kun.global

Contact: KUN: brandmkt@kun.global  

View original content:https://www.prnewswire.com/apac/news-releases/kun-unveils-ai-intelligent-strategy-at-money2020-asia-reconstructing-global-commercial-efficiency-with-1-1-4-6-layout-302752641.html

SOURCE KUN

Continue Reading

Trending