Tag: Magnus Ahlqvist

STOCKHOLM – After a relatively silent year Securitas AB held its second fiscal quarter 2023 earnings call on July 28, posting positive results and growth as the company undergoes changes to its digital capabilities. That silence has ended with a quarterly earning call which shows the company well on track with organic sales growth of 11 percent, operating margin of 6.6 percent, Earnings per share before and after dilution of SEK 2.05, and earnings per share before and after dilution,...

STOCKHOLM - From what it refers to as "the most transformative acquisition in Securitas history," Securitas AB - as one company with STANLEY Security - gave its interim report covering January-September 2022. Only accounting for the period between July and September Securitas recorded roughly MSEK 36 million in total sales ($3.354 million USD). That is coupled with an organic sales growth of 7 percent.  Other stats for the quarter: •            ...

STOCKHOLM – In an investor update webcast today, Securitas discussed further details on its recent Stanley Security acquisition and new financial targets.  In opening the webcast, Securitas President and CEO Magnus Ahlqvist described it saying, “We’re looking at it like a mini-version of a capital markets day.” Noting that the last time they had a capital markets day was in 2019. “But we have not been sitting still. We have been driving extensive transformation,...

STOCKHOLM and NEW BRITAIN, Conn.—Securitas today announced it has completed the acquisition of STANLEY Security and Healthcare for $3.2 billion in cash. On Dec. 8, 2021, Securitas announced it had signed an agreement to acquire the Electronic Security Solutions business from Stanley Black & Decker Inc. Following customary regulatory approvals, the acquisition is now complete, and the joint potential of the two businesses is unleashed. Securitas holds a strong position within the security...