Securitas AB (FRA:S7MB)
€ 9.034 -0.09 (-0.99%) Market Cap: 5.32 Bil Enterprise Value: 8.95 Bil PE Ratio: 44.86 PB Ratio: 1.56 GF Score: 83/100
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Q1 2019 Securitas AB Earnings Call Transcript

May 06, 2019 / 12:00PM GMT
Magnus Ahlqvist
Securitas AB - President & CEO

Good afternoon, everyone, and welcome to our Q1 call. We have a busy day today. We've had the board meeting in the morning and we're now presenting the results and then we have an AGM here in Stockholm, which is starting in a few hours. So Bart and I'm going to try to be a little bit briefer than normal and wrap up at 3:00, but still giving good amount of time for questions.

If we are looking then to the results on Q1, we've had a good start to the year with 7% organic sales growth. All the segments have contributed to the improvement. And as we have commented in previous quarters, we have continuously tight labor markets, but we've been able to balance the wage cost increases with price increases.

Good top line growth together with cost control contributed to operating results, real change of 11% in the quarter, which we are proud of. And we also had an improved operating margin to 4.8%. And in terms of earnings per share, we have a positive growth of 3% real change.

Our cash flow improved significantly in Q1 versus Q1 last

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