Feb 06, 2020 / 01:30PM GMT
Magnus Ahlqvist - Securitas AB - President & CEO
Good afternoon, everyone, and welcome to our Q3 -- Q4 and 2019 conference call. I am here today, as usual, with our CFO, Bart Adam, to go through the performance in the quarter, followed by a Q&A session.
So let us start with the performance on a group level. We had 2% organic growth in the quarter, and this was below our expectations. But looking at the full year, with 4% growth, we grew faster than the market. Q4 was not a strong quarter from a margin perspective. The operating margin of 5.3% was lower than the same period last year. And this was primarily related to some temporary factors in North America and a weaker Q4 in Europe. The price/wage balance was slightly behind in 2019, and this remains a key focus area as we enter 2020.
But we had a strong cash flow in the quarter. On a full year basis, we achieved almost SEK 4.9 billion in operating cash flow. And in terms of dividend, the Board will propose increasing the dividend from SEK 4.40 to SEK 4.80. 2019 was also an important year because this was the year when we
Q4 2019 Securitas AB Earnings Call Transcript
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot