Q2 2026 Securitas AB Earnings Call Transcript

Jul 24, 2026 / 07:30 AM GMT

Release Date Price: €14.07 (-7.80%)

Transcript

Key Points

Positve

Adjusted sales growth was 3%, with significant growth in technology in North America.
Order entry and backlog in the technology installations business increased significantly across all geographic regions.
The adjusted operating margin improved to 7.6%, marking 22 consecutive quarters of margin improvement.
Earnings per share improved by 7% in the quarter and 11% in the first half.
Strong cash flow with a conversion rate of 87% of operating income.

Negative

Growth in Europe was lower due to active portfolio management and a significant negative impact in aviation.
The Pinkerton business in North America hampered growth due to the termination of a large temporary contract.
The aviation business in Europe was negatively impacted by a 20% demand reduction, affecting sales and profitability.
Organic sales growth was flat at 0% when excluding the impact of the government business closure in North America.
Negative operational leverage in security services in Ibero-America due to movements in the portfolio.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SECUb.ST - Securitas AB
Q2 2026 Securitas AB Earnings Call
Jul 24, 2026 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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So welcome to the Q2 and the first half report that Matteo and I are sharing from Stockholm this morning.

And today, we will provide an update on the performance. And before the Q&A, I will also make some comments related to the capital markets day that we had in London last month.

But if we are switching then straight to the performance highlight, this is a quarter with some clear positive developments, but also a few areas where we are performing below our plan.

And starting with the growth, the adjusted sales growth was 3%, and the growth in technology in North America was a clear positive development, while the growth in Europe was lower as a result of active portfolio management and significant negative impact

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