Securitas AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 07, 2024 at 02:00 am EST
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Securitas AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 39,542 million compared to SEK 38,091 million a year ago. Revenue was SEK 39,542 million compared to SEK 38,091 million a year ago. Net income was SEK 1,209 million compared to SEK 1,373 million a year ago. Basic earnings per share from continuing operations was SEK 2.11 compared to SEK 2.47 a year ago.
For the full year, the company reported sales was SEK 157,249 million compared to SEK 133,237 million a year ago. Revenue was SEK 157,249 million compared to SEK 133,237 million a year ago. Net income was SEK 1,285 million compared to SEK 4,310 million a year ago. Basic earnings per share from continuing operations was SEK 2.24 compared to SEK 9.2 a year ago.
Securitas AB is a Sweden-based provider of security solutions, including specialized guarding, aviation security services and international security solutions, among others. It operates through five business segments. Security Services North America business segment offers security services in the United States, Canada and Mexico. Security Services Europe offers security services in 27 countries in Europe. Mobile and Monitoring provides mobile services, such as beat patrol and call-out services, and monitoring services, such as alarm surveillance for homes, and small and medium-sized businesses. Security Services Ibero-America provides security services in Latin America, Portugal and Spain. New Markets provides security services in the Middle East, Asia and Africa. The Company's subsidiaries include Selectron, Rentsec, Vamsa, Tehnomobil, Central de Alarmas Adler, Automatic Alarm, Suddeutsche Bewachung and Johnson & Thompson.