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

FULTON FINANCIAL CORPORATION APPOINTS DAVID S. SCHULZ TO BOARD OF DIRECTORS

Published

on

By

LANCASTER, Pa., July 21, 2026 /PRNewswire/ — Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) today announced the appointment of David S. Schulz as a member of its board of directors (the “Board”) for a term commencing September 14, 2026 and expiring at Fulton’s 2027 annual meeting of shareholders.

“We’re excited to welcome Dave to Fulton’s board of directors,” said Curt Myers, Fulton Chairman, CEO, and President. “Dave brings extensive financial leadership experience gained through more than a decade of service with publicly traded companies. His expertise in finance, strategic planning, risk, and mergers and acquisitions will provide valuable perspective as we continue to execute our growth strategy and create long-term value for our shareholders, customers and communities.”

With the addition of Schulz, Fulton’s Board will have 11 members, and he will serve on the Audit and Risk committees. Schulz has also been appointed to the board of directors of Fulton’s banking subsidiary, Fulton Bank, N.A.

Schulz served as Senior Vice President and Chief Financial Officer of Wesco International, Inc. (“Wesco”) from 2016 to June 2020, Executive Vice President and Chief Financial Officer of Wesco from June 2020 to February 2026 and as Executive Vice President and Special Advisor to the CEO of Wesco from February 2026 until his retirement on May 31, 2026. 

Prior to joining Wesco, Schulz served as Senior Vice President and Chief Operating Officer of Armstrong Flooring, Inc. and was previously Senior Vice President and Chief Financial Officer of Armstrong World Industries, Inc. and Vice President of Finance of the Armstrong Building Products division.

Before joining Armstrong World Industries in 2011, he held various financial leadership roles with Procter & Gamble and The J.M. Smucker Company. He was also an officer in the United States Marine Corps.

In 2025, Schulz joined the board of Sterling Infrastructure, Inc., and he was appointed as chair of the audit committee in 2026. He also serves on the company’s compensation and talent development committee.

ABOUT FULTON FINANCIAL CORPORATION

Fulton, a $34 billion Lancaster, Pa.-based financial holding company, has more than 3,400 employees and operates more than 215 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A. Additional information on Fulton can be found at https://investor.fultonbank.com.

Contact: Steve Trapnell
717-291-2739

View original content to download multimedia:https://www.prnewswire.com/news-releases/fulton-financial-corporation-appoints-david-s-schulz-to-board-of-directors-302831288.html

SOURCE Fulton Financial Corporation

Continue Reading

Technology

Octavio Marquez Elected to MSA Safety Board of Directors

Published

on

By

PITTSBURGH, July 21, 2026 /PRNewswire/ — The Board of Directors of MSA Safety Inc. (NYSE: MSA), a global leader in the development of advanced industrial safety technology products and solutions, today announced that Octavio Marquez, president and chief executive officer of Diebold Nixdorf, has been elected to the company’s Board of Directors. His election was part of the MSA Board’s regular succession plans.

“We are very pleased to have the opportunity to add Octavio to the MSA Board,” said Robert A. Bruggeworth, MSA chairman. “He brings a broad range of executive leadership experience, including strategy development, capital allocation, business transformation and serving international markets, which will serve MSA well.”

“Octavio’s perspectives will be an asset to me and our entire Executive Leadership Team,” said Steven C. Blanco, MSA president and CEO. “It is a pleasure to welcome Octavio to MSA, and I look forward to working with him.”

Mr. Marquez joined Diebold Nixdorf in 2014 and has held senior leadership roles across the company’s Global Banking organization and its Americas region, including as executive vice president of Global Banking and senior vice president of the Americas. Before joining Diebold Nixdorf, Mr. Marquez held leadership positions at Dell EMC, Hewlett Packard Enterprise, IBM and NCR.

Diebold Nixdorf automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world’s top 100 financial institutions and top 25 global retailers, its integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of customers every day. Headquartered in North Canton, Ohio, Diebold Nixdorf employs approximately 20,000 employees globally, supporting more than 100 countries.

Mr. Marquez holds a degree in business and finance from Universidad Iberoamericana and has completed executive education programs at MIT Sloan, The Wharton School and The University of Texas at Austin.

About MSA Safety

MSA Safety Incorporated (NYSE: MSA) is the global leader in advanced industrial safety technology products and solutions. Driven by its singular mission of safety, the company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2025 revenues of $1.9 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania, and employs a team of approximately 5,300 associates across its more than 40 international locations. For more information, please visit www.MSASafety.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/octavio-marquez-elected-to-msa-safety-board-of-directors-302831265.html

SOURCE MSA Safety

Continue Reading

Technology

BlueFolder Field Service Software Launches New AI-Powered Features to Transform How Teams Work

Published

on

By

New AI capabilities instantly surface customer insights and transform technician notes into actionable summaries to help field service teams work faster, stay aligned, and deliver better service

AUBURN, Ala., July 21, 2026 /PRNewswire/ — BlueFolder field service software recently announced the launch of two powerful new AI features: AI-Powered Customer Summaries and AI-Powered Field Notes Summarization. Together, these capabilities are designed to eliminate the time-consuming, manual work of reviewing fragmented customer records and lengthy technician notes—giving field service teams instant clarity to respond faster, make smarter decisions, and deliver exceptional service.

BlueFolder expands it’s field service and work order management suite with two exciting new AI field service features.

Built directly into the BlueFolder platform, both features leverage artificial intelligence to automatically compile and summarize complex, unstructured data into clear, easy-to-read overviews. The result: technicians, dispatchers, and managers always have the context they need, right when they need it.

AI-Powered Customer Summaries

As field service organizations grow, customer information becomes increasingly scattered across emails, service request logs, and communication histories. BlueFolder’s AI Customer Summary feature addresses this challenge head-on by consolidating those interactions into a single, actionable snapshot.

Instead of manually digging through multiple records before a service call or customer interaction, teams can now access a real-time summary highlighting key concerns, past service activity, and recent updates. The feature goes beyond basic summarization and surfaces critical business insights such as equipment past due for maintenance, approaching warranty expirations, and proactive revenue opportunities, empowering teams to recommend follow-ups or upgrades directly from the customer record.

Built-in traceability links each summary back to its original source communications, so users can validate insights with confidence, ensuring both speed and accuracy in every customer interaction.

AI-Powered Field Notes Summarization

In many service organizations, technicians log updates across multiple visits, often resulting in long, fragmented notes that are difficult to review at a glance. BlueFolder’s AI Field Notes Summarization feature solves this by automatically condensing multiple technician entries into a structured summary that highlights key milestones, actions taken, and next steps.

Rather than scrolling through pages of updates, managers and dispatchers can immediately understand job status and determine what needs to happen next, improving alignment between field and office teams, accelerating decision-making, and reducing miscommunication. The feature is especially valuable for complex or multi-day jobs, where clear continuity and smooth technician handoffs are critical to delivering consistent service. It’s another featuring making BlueFolder’s work order management software capabilities stronger every day.

“History is one of the most powerful tools a service team has — the problem is it’s usually buried. BlueFolder’s new AI features fix that. Your team walks into every interaction already knowing the customer, knowing the equipment, and exactly where things stand. That changes the entire experience,” says John Shaw, VP, Technology, Service Operations.

AI as a Core Part of the BlueFolder Platform

The launch of these two features reflects BlueFolder’s broader commitment to embedding AI throughout its field service management software as an integrated layer of intelligence that makes every workflow smarter. Rather than requiring teams to change how they work, BlueFolder’s AI capabilities are designed to surface the right information at the right moment automatically, within the tools that technicians, dispatchers, and managers already use every day.

“AI is transforming what’s possible in field service, and BlueFolder is answering that call. These features are the result of deep platform expertise and a clear vision for where the industry is headed. We’re embedding intelligence throughout the platform because we know it makes our customers more competitive, more efficient, and better positioned to grow,” says Stephen Myslicki, Group President of Field Services.

Availability

Both AI-Powered Customer Summaries and AI-Powered Field Notes Summarization are available now to BlueFolder customers as optional, easy-to-enable features within the platform. They are part of BlueFolder’s growing suite of AI-driven capabilities designed to help field service organizations operate more efficiently and scale with confidence.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bluefolder-field-service-software-launches-new-ai-powered-features-to-transform-how-teams-work-302831320.html

SOURCE BlueFolder

Continue Reading

Trending