Income Statement Securitas AB

Equities

SECU B

SE0000163594

Business Support Services

Real-time Estimate Cboe Europe Other stock markets 05:04:08 2026-04-20 EDT			5-day change	1st Jan Change
170.40 ^SEK	-0.93%		+2.10%	+15.49%

04:33am	Odin Norden declines 4.47 percent in March - technology, industrials, and consumer discretionaries underperform	FW
04-16	Nine stocks hit new 52-week highs on the Stockholm Stock Exchange so far today	FW

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Published financial data: SECURITAS AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	108B	133B	157B	162B	155B
Total Revenues	108B	133B	157B	162B	155B
Cost of Goods Sold, Total	88.41B	107B	125B	128B	122B
Gross Profit	19.29B	25.9B	31.96B	33.83B	33.01B
Selling General & Admin Expenses, Total	14B	18.21B	22.02B	22.95B	21.8B
Amortization of Goodwill and Intangible Assets - (IS)	290M	414M	620M	639M	563M
Other Operating Expenses	-43M	-52M	-64M	-71M	-76M
Other Operating Expenses, Total	14.24B	18.58B	22.58B	23.52B	22.29B
Operating Income	5.04B	7.32B	9.38B	10.32B	10.72B
Interest Expense, Total	-438M	-929M	-2.5B	-2.67B	-2.01B
Interest And Investment Income	51M	68M	206M	288M	230M
Net Interest Expenses	-387M	-861M	-2.29B	-2.38B	-1.78B
Income (Loss) On Equity Invest.	43M	50M	61M	66M	63M
Currency Exchange Gains (Loss)	24M	40M	116M	31M	6M
Other Non Operating Income (Expenses)	-21M	-71M	-124M	-55M	-82M
EBT, Excl. Unusual Items	4.7B	6.48B	7.14B	7.98B	8.93B
Restructuring Charges	-923M	-632M	-686M	-155M	-1.84B
Merger & Related Restructuring Charges	-184M	-503M	-672M	-574M	-9M
Other Unusual Items	737M	379M	-2.94B	-229M	222M
EBT, Incl. Unusual Items	4.33B	5.73B	2.83B	7.02B	7.3B
Income Tax Expense	1.2B	1.41B	1.54B	1.85B	2.15B
Earnings From Continuing Operations	3.13B	4.32B	1.3B	5.17B	5.14B
Net Income to Company	3.13B	4.32B	1.3B	5.17B	5.14B
Minority Interest	-1M	-6M	-12M	-12M	-29M
Net Income - (IS)	3.13B	4.31B	1.28B	5.16B	5.12B
Net Income to Common Incl Extra Items	3.13B	4.31B	1.28B	5.16B	5.12B
Net Income to Common Excl. Extra Items	3.13B	4.31B	1.28B	5.16B	5.12B
Per Share Items
Net EPS - Basic	8.59	9.2	2.24	9.01	8.93
Basic EPS - Continuing Operations	8.59	9.2	2.24	9.01	8.93
Basic Weighted Average Shares Outstanding	365M	468M	573M	573M	573M
Net EPS - Diluted	8.59	9.2	2.24	9.01	8.93
Diluted EPS - Continuing Operations	8.59	9.2	2.24	9.01	8.93
Diluted Weighted Average Shares Outstanding	365M	468M	573M	573M	573M
Normalized Basic EPS	8.05	8.64	7.76	8.68	9.69
Normalized Diluted EPS	8.05	8.64	7.76	8.68	9.69
Dividend Per Share	4.4	3.45	3.8	4.5	5.3
Payout Ratio	46.6	37.22	153.85	42.19	50.4
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	6.66B	9.23B	11.63B	12.69B	13.01B
EBITA	5.47B	7.9B	10.17B	11.21B	11.59B
EBIT	5.04B	7.32B	9.38B	10.32B	10.72B
EBITDAR	6.94B	9.56B	12B	13.05B	13.41B
Total Revenues (As Reported)	108B	133B	157B	162B	155B
Effective Tax Rate - (Ratio)	27.64	24.62	54.22	26.31	29.49
Total Current Taxes	1.39B	1.3B	1.55B	1.77B	1.69B
Total Deferred Taxes	-192M	112M	-16M	80M	465M
Normalized Net Income	2.94B	4.05B	4.45B	4.97B	5.55B
Interest on Long-Term Debt	122M	143M	194M	243M	231M
Non-Cash Pension Expense	12M	10M	16M	-	10M
Supplemental Operating Expense Items
Net Rental Expense, Total	271M	326M	368M	368M	395M
Imputed Operating Lease Interest Expense	47.55M	70.87M	154M	167M	147M
Imputed Operating Lease Depreciation	223M	255M	214M	201M	248M
Stock-Based Comp., Other (Total)	259M	60M	65M	98M	80M
Total Stock-Based Compensation	259M	60M	65M	98M	80M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	4.81B	6.32B	7.94B	7.43B	7.05B
Trading Asset Securities, Total	76M	42M	163M	48M	104M
Total Cash And Short Term Investments	4.88B	6.36B	8.1B	7.48B	7.16B
Accounts Receivable, Total	18.69B	26.41B	27.03B	29.71B	26.55B
Other Receivables	1.27B	2.4B	2.3B	2.89B	2.62B
Notes Receivable	-	-	-	141M	167M
Total Receivables	19.97B	28.82B	29.33B	32.74B	29.34B
Inventory	524M	1.67B	1.48B	1.74B	1.35B
Prepaid Expenses	1.37B	2.88B	2.62B	2.55B	2.26B
Other Current Assets, Total	127M	135M	154M	-	-
Total Current Assets	26.87B	39.87B	41.69B	44.5B	40.11B
Gross Property Plant And Equipment	17.92B	22.72B	22.32B	23.74B	19.87B
Accumulated Depreciation	-11.09B	-13.66B	-13.68B	-14.9B	-11.84B
Net Property Plant And Equipment	6.83B	9.06B	8.64B	8.83B	8.03B
Long-term Investments	387M	394M	741M	733M	844M
Goodwill	23.37B	51.02B	50.92B	54.9B	47.98B
Other Intangibles, Total	3.57B	9.74B	8.98B	9.02B	7.8B
Loans Receivable Long-Term	445M	1.28B	219M	219M	203M
Deferred Tax Assets Long-Term	1.07B	1.67B	1.97B	2.03B	1.71B
Other Long-Term Assets, Total	825M	2.47B	3.24B	3.36B	2.77B
Total Assets	63.36B	116B	116B	124B	109B
Liabilities
Accounts Payable, Total	2.03B	4.82B	5.13B	5.01B	4.51B
Accrued Expenses, Total	12.83B	16.07B	17.18B	18.02B	15.6B
Short-term Borrowings	775M	574M	1.9B	8M	-
Current Portion of Long-Term Debt	3.6B	907M	9.04B	5.28B	1.61B
Current Portion of Leases	897M	1.5B	1.33B	1.46B	1.36B
Current Income Taxes Payable	1.4B	1.29B	1.31B	1.4B	1.59B
Unearned Revenue Current, Total	927M	1.72B	1.77B	1.91B	1.8B
Other Current Liabilities	2.78B	2.85B	2.96B	3.4B	3.15B
Total Current Liabilities	25.24B	29.73B	40.63B	36.49B	29.62B
Long-Term Debt	12.21B	41.78B	31.69B	36.83B	33.74B
Long-Term Leases	2.57B	3.56B	3.34B	3.26B	2.89B
Pension & Other Post Retirement Benefits	1.07B	1.04B	1.06B	1.2B	1.09B
Deferred Tax Liability Non Current	661M	1.93B	2.03B	2.08B	2.2B
Other Non Current Liabilities	816M	1.02B	948M	1.05B	872M
Total Liabilities	42.56B	79.07B	79.69B	80.91B	70.4B
Common Stock, Total	365M	573M	573M	573M	573M
Additional Paid In Capital	7.36B	16.67B	16.67B	16.67B	16.67B
Retained Earnings	14.83B	18.34B	18.15B	21.34B	24.04B
Comprehensive Income and Other	-1.77B	844M	1.3B	4.1B	-2.25B
Total Common Equity	20.79B	36.42B	36.7B	42.68B	39.03B
Minority Interest	8M	14M	3M	4M	10M
Total Equity	20.8B	36.44B	36.7B	42.68B	39.04B
Total Liabilities And Equity	63.36B	116B	116B	124B	109B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	365M	573M	573M	573M	573M
ECS Total Common Shares Outstanding	365M	573M	573M	573M	573M
Book Value / Share	57.03	63.58	64.05	74.49	68.13
Tangible Book Value	-6.15B	-24.33B	-23.2B	-21.23B	-16.74B
Tangible Book Value Per Share	-16.86	-42.47	-40.49	-37.06	-29.23
Total Debt	20.06B	48.32B	47.3B	46.83B	39.6B
Net Debt	15.17B	41.95B	39.2B	39.35B	32.44B
Debt Equivalent of Unfunded Proj. Benefit Obligation	824M	817M	718M	-	684M
Debt Equivalent Oper. Leases	2.17B	2.61B	2.94B	2.94B	3.16B
Minority Interest, Total (Incl. Fin. Div)	8M	14M	3M	4M	10M
Equity Method Investments, Total	338M	394M	354M	380M	324M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	492M	1.62B	1.44B	1.7B	1.3B
Inventories - Others	32M	45M	35M	45M	48M
Land - (BS)	52M	81M	61M	64M	57M
Buildings, Total	526M	723M	661M	686M	638M
Machinery, Total	14B	17.02B	17.1B	18.55B	15.25B
Full Time Employees	297K	308K	291K	287K	233K
Part Time Employees	48.3K	50.12K	51.31K	46.74K	47.57K
Accumulated Allowance for Doubtful Accounts (Supple)	843M	1.48B	1.93B	1.86B	1.54B

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	3.13B	4.31B	1.28B	5.16B	5.12B
Depreciation & Amortization - CF	2.25B	2.65B	3.03B	3.1B	2.92B
Amortization of Goodwill and Intangible Assets - (CF)	432M	572M	798M	889M	869M
Depreciation & Amortization, Total	2.68B	3.22B	3.83B	3.98B	3.79B
Amortization of Deferred Charges, Total - (CF)	312M	315M	349M	377M	325M
Asset Writedown & Restructuring Costs	269M	-118M	53M	-119M	1.45B
Other Operating Activities, Total	-134M	-245M	3.45B	64M	-309M
Change In Accounts Receivable	117M	-1.94B	-1.92B	-837M	-806M
Change In Accounts Payable	-	-	-	181M	-466M
Change in Other Net Operating Assets	-399M	77M	417M	-843M	365M
Cash from Operations	5.98B	5.62B	7.46B	7.97B	9.47B
Capital Expenditure	-1.78B	-2.28B	-2.56B	-2.3B	-2.28B
Cash Acquisitions	-1.24B	-32.21B	-161M	-173M	-310M
Cash from Investing	-3.03B	-34.49B	-2.72B	-2.48B	-2.59B
Short Term Debt Issued, Total	2.65B	2.56B	6.34B	5.22B	1.29B
Long-Term Debt Issued, Total	3.86B	28.87B	14.66B	8.6B	5.53B
Total Debt Issued	6.51B	31.43B	21B	13.82B	6.82B
Short Term Debt Repaid, Total	-1.95B	-3.26B	-4.44B	-7.11B	-1.29B
Long-Term Debt Repaid, Total	-5.96B	-5.83B	-17.54B	-10.64B	-9.88B
Total Debt Repaid	-7.91B	-9.1B	-21.98B	-17.75B	-11.18B
Issuance of Common Stock	-	9.51B	-	-	-
Common Dividends Paid	-1.46B	-1.6B	-1.98B	-2.18B	-2.58B
Common & Preferred Stock Dividends Paid	-1.46B	-1.6B	-1.98B	-2.18B	-2.58B
Cash from Financing	-2.86B	30.24B	-2.96B	-6.11B	-6.93B
Foreign Exchange Rate Adjustments	-7M	144M	-154M	106M	-320M
Net Change in Cash	89M	1.51B	1.62B	-515M	-376M
Supplemental Items
Cash Interest Paid	480M	906M	2.4B	2.68B	2.18B
Cash Income Tax Paid (Refund)	1.26B	1.64B	1.35B	2.16B	1.55B
Levered Free Cash Flow	3.85B	588M	7.5B	4.88B	8.33B
Unlevered Free Cash Flow	4.12B	1.17B	9.06B	6.55B	9.58B
Change In Net Working Capital	496M	4.73B	-1.52B	2.05B	-972M
Net Debt Issued / Repaid	-1.4B	22.33B	-988M	-3.93B	-4.35B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.15	5.12	5.05	5.37	5.75
Return on Total Capital	8.03	7.29	6.94	7.43	7.97
Return On Equity %	16.28	15.08	3.55	13.03	12.59
Return on Common Equity	16.28	15.07	3.51	13	12.52
Margin Analysis
Gross Profit Margin %	17.91	19.44	20.32	20.89	21.28
SG&A Margin	13	13.67	14.01	14.17	14.06
EBITDA Margin %	6.19	6.93	7.4	7.83	8.39
EBITA Margin %	5.08	5.93	6.47	6.92	7.47
EBIT Margin %	4.68	5.5	5.96	6.37	6.91
Income From Continuing Operations Margin %	2.91	3.24	0.82	3.19	3.32
Net Income Margin %	2.91	3.23	0.82	3.19	3.3
Net Avail. For Common Margin %	2.91	3.23	0.82	3.19	3.3
Normalized Net Income Margin	2.73	3.04	2.83	3.07	3.58
Levered Free Cash Flow Margin	3.57	0.44	4.77	3.01	5.37
Unlevered Free Cash Flow Margin	3.83	0.88	5.76	4.05	6.18
Asset Turnover
Asset Turnover	1.76	1.49	1.36	1.35	1.33
Fixed Assets Turnover	16.04	16.77	17.76	18.53	18.39
Receivables Turnover (Average Receivables)	5.95	5.91	5.88	5.71	5.51
Inventory Turnover (Average Inventory)	192.41	97.85	79.6	79.51	78.93
Short Term Liquidity
Current Ratio	1.06	1.34	1.03	1.22	1.35
Quick Ratio	0.98	1.18	0.92	1.1	1.23
Operating Cash Flow to Current Liabilities	0.24	0.19	0.18	0.22	0.32
Days Sales Outstanding (Average Receivables)	61.38	61.78	62.03	64.13	66.19
Days Outstanding Inventory (Average Inventory)	1.9	3.73	4.59	4.6	4.62
Average Days Payable Outstanding	7.93	11.52	14.51	14.45	14.26
Cash Conversion Cycle (Average Days)	55.35	53.99	52.1	54.28	56.55
Long Term Solvency
Total Debt/Equity	96.43	132.61	128.9	109.72	101.43
Total Debt / Total Capital	49.09	57.01	56.31	52.32	50.35
LT Debt/Equity	71.06	124.44	95.44	93.92	93.82
Long-Term Debt / Total Capital	36.17	53.5	41.69	44.78	46.58
Total Liabilities / Total Assets	67.17	68.45	68.47	65.47	64.33
EBIT / Interest Expense	11.51	7.88	3.75	3.86	5.34
EBITDA / Interest Expense	17.63	11.35	5.28	5.36	7.22
(EBITDA - Capex) / Interest Expense	13.56	8.9	4.26	4.49	6.09
Total Debt / EBITDA	2.6	4.58	3.58	3.27	2.73
Net Debt / EBITDA	1.96	3.98	2.97	2.75	2.24
Total Debt / (EBITDA - Capex)	3.38	5.84	4.45	3.9	3.24
Net Debt / (EBITDA - Capex)	2.55	5.07	3.68	3.28	2.65
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-0.24	23.71	18.02	2.97	-4.2
Gross Profit, 1 Yr. Growth %	6.05	34.29	23.38	5.87	-2.43
EBITDA, 1 Yr. Growth %	21.87	38.54	25.96	9.09	2.56
EBITA, 1 Yr. Growth %	28.65	44.25	28.85	10.14	3.39
EBIT, 1 Yr. Growth %	33.35	45.26	28.02	10.04	3.88
Earnings From Cont. Operations, 1 Yr. Growth %	29.72	37.72	-69.95	298.77	-0.54
Net Income, 1 Yr. Growth %	29.52	37.57	-70.19	301.56	-0.87
Normalized Net Income, 1 Yr. Growth %	41.68	37.73	9.96	11.82	11.58
Diluted EPS Before Extra, 1 Yr. Growth %	29.59	7.15	-75.63	301.56	-0.87
Accounts Receivable, 1 Yr. Growth %	6.62	41.29	2.35	9.89	-10.61
Inventory, 1 Yr. Growth %	32.66	218.7	-11.5	18	-22.59
Net Property, Plant and Equip., 1 Yr. Growth %	3.55	32.69	-4.63	2.2	-9.07
Total Assets, 1 Yr. Growth %	7.16	82.29	0.77	6.18	-11.44
Tangible Book Value, 1 Yr. Growth %	-11.29	295.85	-4.66	-8.47	-21.15
Common Equity, 1 Yr. Growth %	17.49	75.18	0.74	16.3	-8.54
Cash From Operations, 1 Yr. Growth %	-25.92	-6.1	32.89	6.78	18.8
Capital Expenditures, 1 Yr. Growth %	1.65	27.51	12.61	-10.07	-1.04
Levered Free Cash Flow, 1 Yr. Growth %	-47.41	-84.73	1.18K	-34.91	70.61
Unlevered Free Cash Flow, 1 Yr. Growth %	-46.17	-71.66	675.44	-27.71	46.3
Dividend Per Share, 1 Yr. Growth %	10	-21.59	10.14	18.42	17.78
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.45	11.09	20.83	10.24	-0.68
Gross Profit, 2 Yr. CAGR %	-0.06	19.34	28.72	14.29	1.64
EBITDA, 2 Yr. CAGR %	-3.52	29.94	32.1	17.22	5.78
EBITA, 2 Yr. CAGR %	-3.39	36.22	36.33	19.13	6.71
EBIT, 2 Yr. CAGR %	-3.7	39.18	36.37	18.69	6.91
Earnings From Cont. Operations, 2 Yr. CAGR %	-3.45	33.66	-35.67	9.47	99.15
Net Income, 2 Yr. CAGR %	-3.39	33.48	-35.96	9.42	99.51
Normalized Net Income, 2 Yr. CAGR %	-1.63	39.69	23.06	10.88	11.7
Diluted EPS Before Extra, 2 Yr. CAGR %	-3.36	17.83	-48.9	-1.08	99.51
Accounts Receivable, 2 Yr. CAGR %	-2.2	22.74	20.26	6.05	-0.89
Inventory, 2 Yr. CAGR %	1.56	105.62	67.95	2.19	-4.43
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.47	17.22	12.49	-1.28	-3.6
Total Assets, 2 Yr. CAGR %	0.94	39.77	35.53	3.44	-3.03
Tangible Book Value, 2 Yr. CAGR %	1.52	87.4	94.26	-6.58	-15.04
Common Equity, 2 Yr. CAGR %	3.08	43.46	32.85	8.24	3.14
Cash From Operations, 2 Yr. CAGR %	2.01	-16.6	11.71	19.12	12.63
Capital Expenditures, 2 Yr. CAGR %	-6.46	13.85	19.83	0.64	-5.66
Levered Free Cash Flow, 2 Yr. CAGR %	-0.31	-71.66	39.57	188.16	5.38
Unlevered Free Cash Flow, 2 Yr. CAGR %	-1.61	-60.94	48.24	136.76	2.84
Dividend Per Share, 2 Yr. CAGR %	-4.26	-7.13	-7.07	14.21	18.1
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.01	6.31	13.36	14.56	5.2
Gross Profit, 3 Yr. CAGR %	2.52	10.28	20.67	20.6	8.42
EBITDA, 3 Yr. CAGR %	0.11	8.85	28.6	23.94	12.12
EBITA, 3 Yr. CAGR %	0.45	10.42	33.72	26.97	13.63
EBIT, 3 Yr. CAGR %	0.19	10.44	35.35	26.96	13.53
Earnings From Cont. Operations, 3 Yr. CAGR %	1.23	8.68	-18.73	18.17	6.02
Net Income, 3 Yr. CAGR %	1.28	8.69	-19.01	18.09	5.87
Normalized Net Income, 3 Yr. CAGR %	0.92	10.05	28.98	19.19	11.12
Diluted EPS Before Extra, 3 Yr. CAGR %	1.31	0.02	-30.32	1.59	-1.01
Accounts Receivable, 3 Yr. CAGR %	-0.24	10.56	15.53	16.7	0.18
Inventory, 3 Yr. CAGR %	4.44	48.69	55.25	49.3	-6.85
Net Property, Plant and Equip., 3 Yr. CAGR %	22.08	8.81	9.43	8.95	-3.95
Total Assets, 3 Yr. CAGR %	4.54	22.92	25.33	24.94	-1.78
Tangible Book Value, 3 Yr. CAGR %	-1.01	59.79	49.6	51.17	-11.71
Common Equity, 3 Yr. CAGR %	5.65	23.01	27.52	27.09	2.33
Cash From Operations, 3 Yr. CAGR %	15.73	-0.77	-2.59	10.04	19.02
Capital Expenditures, 3 Yr. CAGR %	-6.56	3.72	13.43	8.9	0.07
Levered Free Cash Flow, 3 Yr. CAGR %	18.67	-46.66	0.81	8.24	141.97
Unlevered Free Cash Flow, 3 Yr. CAGR %	16.34	-35.02	5.76	16.68	101.66
Dividend Per Share, 3 Yr. CAGR %	0	-10.42	-1.7	0.75	15.39
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.08	7.64	9.16	7.86	7.52
Gross Profit, 5 Yr. CAGR %	4.5	9.78	12.29	11.87	12.66
EBITDA, 5 Yr. CAGR %	3.4	9.07	11.85	12.12	18.93
EBITA, 5 Yr. CAGR %	3.77	10.52	13.51	13.82	22.18
EBIT, 5 Yr. CAGR %	3.54	10.63	13.34	13.67	23.17
Earnings From Cont. Operations, 5 Yr. CAGR %	3.44	9.42	-15.56	9	16.32
Net Income, 5 Yr. CAGR %	3.47	9.41	-15.69	8.98	16.16
Normalized Net Income, 5 Yr. CAGR %	3.96	9.76	9.25	10.38	21.77
Diluted EPS Before Extra, 5 Yr. CAGR %	3.49	4.1	-22.95	-0.42	6.14
Accounts Receivable, 5 Yr. CAGR %	3.49	10.43	7.5	8.73	8.66
Inventory, 5 Yr. CAGR %	8.21	33.88	26.29	27.98	27.86
Net Property, Plant and Equip., 5 Yr. CAGR %	15.4	21.04	18.15	4.66	4.02
Total Assets, 5 Yr. CAGR %	5.53	18.45	15.98	14.72	13.1
Tangible Book Value, 5 Yr. CAGR %	-1.93	34.87	29.63	28.91	19.3
Common Equity, 5 Yr. CAGR %	7.49	18.61	15.79	16.88	17.14
Cash From Operations, 5 Yr. CAGR %	12.68	6.81	14.1	6.75	3.24
Capital Expenditures, 5 Yr. CAGR %	1.48	4.71	3.21	2.47	5.37
Levered Free Cash Flow, 5 Yr. CAGR %	30.75	-23.19	26.63	4.73	2.61
Unlevered Free Cash Flow, 5 Yr. CAGR %	26.65	-13.77	28.18	8.99	4.58
Dividend Per Share, 5 Yr. CAGR %	3.25	-2.92	-2.89	-1.28	5.79