Securitas AB announces Annual Report for 2010

 
Bob Forsyth – GDPR (Sorry don’t fall asleep it’s important) In his latest blog for Infologue Bob Forsyth, Chief Executive Officer at Kings Security writes about the introduction of GDPR and its implications for the security sector. Read on »
Business leader wants “social value” overhaul of government contracts Public sector contracts should no longer be given to the lowest bidder but awarded to “social business” says Phillip Ullmann of Cordant Group. Read on »
Bob Forsyth – The Key battleground for client data Bob Forsyth, Chief Executive Officer at Kings Security, discusses new disruptive technologies and their impact on the today's marketplace in his latest blog. Read on »
Saturday, 26 May 2018

Securitas AB announces Annual Report for 2010

Alf Göransson

“Through acquisitions and start ups, Securitas is now present in 45 countries and we intend to strengthen our position in the countries we are, but also continue to expand geographically in order to serve our global customers, with the target to be present in approximately 60 countries within three years.” Said Alf Göransson when commenting on Securitas annual financial report for the period January to December 2010.

“The security services market is recovering, even though the development in a few countries in Europe remains stagnant. In the fourth quarter organic sales growth was 4 percent. Including a­cquisitions, the real sales growth was 10 percent in the final quarter of 2010.

“In 2010 the real improvement in operating income continued and reached 6 percent. The ­operating margin improved compared to previous year, in spite of a few major acquisitions diluting the margin during the latter part of 2010.

“During 2010 we have made 15 major acquisitions, with total annual sales of approximately MSEK 4,100 and 19,500 employees. Among others, the acquisition of Reliance in the United ­Kingdom was closed in the fourth quarter. The agreement to acquire Chubb in the United ­Kingdom was recently signed, subject to customary closing conditions and approval from the United ­Kingdom Office of Fair ­Trading. Favourable acquisition opportunities continue to present themselves in both mature and new ­markets and we intend to remain active and selectively take advantage of such opportunities as they arise.” Concluded Alf Göransson

Headline figures for the period January to December 2010 include:
Total sales £5.9 billion
Organic sales growth 1 percent
Operating margin 6.1 percent

Securitas Website


Leave a Reply

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

*

Interconnective Security Products