Income Statement Securitas AB

Equities

SECU B

SE0000163594

Business Support Services

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2025-07-18 EDT			5-day change	1st Jan Change
145.05 ^SEK	-0.58%		+0.10%	+5.95%

07-16	Jefferies Raises Target Price for Securitas to 118 SEK (110), Reiterates Underperform	FW
07-14	SEB Sverigefond Småbolag Chans/Risk Rises 1.4% in June - Investments in AAK, Balder, and Securitas	FW

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Published financial data: SECURITAS AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	108B	108B	133B	157B	162B
Total Revenues	108B	108B	133B	157B	162B
Cost of Goods Sold, Total	89.77B	88.41B	107B	125B	128B
Gross Profit	18.19B	19.29B	25.9B	31.96B	33.83B
Selling General & Admin Expenses, Total	14.16B	14B	18.21B	22.02B	22.95B
Amortization of Goodwill and Intangible Assets - (IS)	286M	290M	414M	620M	639M
Other Operating Expenses	-39M	-43M	-52M	-64M	-71M
Other Operating Expenses, Total	14.41B	14.24B	18.58B	22.58B	23.52B
Operating Income	3.78B	5.04B	7.32B	9.38B	10.32B
Interest Expense, Total	-542M	-438M	-929M	-2.5B	-2.67B
Interest And Investment Income	31M	51M	68M	206M	288M
Net Interest Expenses	-511M	-387M	-861M	-2.29B	-2.38B
Income (Loss) On Equity Invest.	45M	43M	50M	61M	66M
Currency Exchange Gains (Loss)	22M	24M	40M	116M	31M
Other Non Operating Income (Expenses)	-25M	-21M	-71M	-124M	-55M
EBT, Excl. Unusual Items	3.31B	4.7B	6.48B	7.14B	7.98B
Restructuring Charges	-640M	-923M	-632M	-686M	-155M
Merger & Related Restructuring Charges	-137M	-184M	-503M	-672M	-574M
Other Unusual Items	794M	737M	379M	-2.94B	-229M
EBT, Incl. Unusual Items	3.33B	4.33B	5.73B	2.83B	7.02B
Income Tax Expense	913M	1.2B	1.41B	1.54B	1.85B
Earnings From Continuing Operations	2.42B	3.13B	4.32B	1.3B	5.17B
Net Income to Company	2.42B	3.13B	4.32B	1.3B	5.17B
Minority Interest	3M	-1M	-6M	-12M	-12M
Net Income - (IS)	2.42B	3.13B	4.31B	1.28B	5.16B
Net Income to Common Incl Extra Items	2.42B	3.13B	4.31B	1.28B	5.16B
Net Income to Common Excl. Extra Items	2.42B	3.13B	4.31B	1.28B	5.16B
Per Share Items
Net EPS - Basic	6.63	8.59	9.2	2.24	9.01
Basic EPS - Continuing Operations	6.63	8.59	9.2	2.24	9.01
Basic Weighted Average Shares Outstanding	365M	365M	468M	573M	573M
Net EPS - Diluted	6.63	8.59	9.2	2.24	9.01
Diluted EPS - Continuing Operations	6.63	8.59	9.2	2.24	9.01
Diluted Weighted Average Shares Outstanding	365M	365M	468M	573M	573M
Normalized Basic EPS	5.68	8.05	8.64	7.76	8.68
Normalized Diluted EPS	5.68	8.05	8.64	7.76	8.68
Dividend Per Share	4	4.4	3.45	3.8	4.5
Payout Ratio	72.43	46.6	37.22	153.85	42.19
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	5.47B	6.66B	9.23B	11.63B	12.69B
EBITA	4.26B	5.47B	7.9B	10.17B	11.21B
EBIT	3.78B	5.04B	7.32B	9.38B	10.32B
EBITDAR	5.74B	6.94B	9.56B	12B	13.05B
Total Revenues (As Reported)	108B	108B	133B	157B	162B
Effective Tax Rate - (Ratio)	27.43	27.64	24.62	54.22	26.31
Total Current Taxes	1.05B	1.39B	1.3B	1.55B	1.77B
Total Deferred Taxes	-135M	-192M	112M	-16M	80M
Normalized Net Income	2.07B	2.94B	4.05B	4.45B	4.97B
Interest on Long-Term Debt	139M	122M	143M	194M	243M
Non-Cash Pension Expense	15M	12M	10M	16M	-
Supplemental Operating Expense Items
Net Rental Expense, Total	270M	271M	326M	368M	368M
Imputed Operating Lease Interest Expense	55.82M	47.55M	70.87M	154M	167M
Imputed Operating Lease Depreciation	214M	223M	255M	214M	201M
Stock-Based Comp., Other (Total)	187M	259M	60M	65M	98M
Total Stock-Based Compensation	187M	259M	60M	65M	98M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	4.72B	4.81B	6.32B	7.94B	7.43B
Trading Asset Securities, Total	30M	76M	42M	163M	48M
Total Cash And Short Term Investments	4.75B	4.88B	6.36B	8.1B	7.48B
Accounts Receivable, Total	17.53B	18.69B	26.41B	27.03B	29.71B
Other Receivables	1.13B	1.27B	2.4B	2.3B	2.89B
Notes Receivable	-	-	-	-	141M
Total Receivables	18.66B	19.97B	28.82B	29.33B	32.74B
Inventory	395M	524M	1.67B	1.48B	1.74B
Prepaid Expenses	1.15B	1.37B	2.88B	2.62B	2.55B
Other Current Assets, Total	114M	127M	135M	154M	-
Total Current Assets	25.07B	26.87B	39.87B	41.69B	44.5B
Gross Property Plant And Equipment	16.89B	17.92B	22.72B	22.32B	23.74B
Accumulated Depreciation	-10.29B	-11.09B	-13.66B	-13.68B	-14.9B
Net Property Plant And Equipment	6.6B	6.83B	9.06B	8.64B	8.83B
Long-term Investments	663M	387M	394M	741M	733M
Goodwill	21.41B	23.37B	51.02B	50.92B	54.9B
Other Intangibles, Total	3.21B	3.57B	9.74B	8.98B	9.02B
Loans Receivable Long-Term	334M	445M	1.28B	219M	219M
Deferred Tax Assets Long-Term	1.08B	1.07B	1.67B	1.97B	2.03B
Other Long-Term Assets, Total	755M	825M	2.47B	3.24B	3.36B
Total Assets	59.13B	63.36B	116B	116B	124B
Liabilities
Accounts Payable, Total	1.82B	2.03B	4.82B	5.13B	5.01B
Accrued Expenses, Total	12.35B	12.83B	16.07B	17.18B	18.02B
Short-term Borrowings	1M	775M	574M	1.9B	8M
Current Portion of Long-Term Debt	4.76B	3.6B	907M	9.04B	5.28B
Current Portion of Leases	876M	897M	1.5B	1.33B	1.46B
Current Income Taxes Payable	1.29B	1.4B	1.29B	1.31B	1.4B
Unearned Revenue Current, Total	1B	927M	1.72B	1.77B	1.91B
Other Current Liabilities	2.33B	2.78B	2.85B	2.96B	3.4B
Total Current Liabilities	24.43B	25.24B	29.73B	40.63B	36.49B
Long-Term Debt	11.69B	12.21B	41.78B	31.69B	36.83B
Long-Term Leases	2.55B	2.57B	3.56B	3.34B	3.26B
Pension & Other Post Retirement Benefits	1.34B	1.07B	1.04B	1.06B	1.2B
Deferred Tax Liability Non Current	674M	661M	1.93B	2.03B	2.08B
Other Non Current Liabilities	728M	816M	1.02B	948M	1.05B
Total Liabilities	41.42B	42.56B	79.07B	79.69B	80.91B
Common Stock, Total	365M	365M	573M	573M	573M
Additional Paid In Capital	7.36B	7.36B	16.67B	16.67B	16.67B
Retained Earnings	12.76B	14.83B	18.34B	18.15B	21.34B
Comprehensive Income and Other	-2.79B	-1.77B	844M	1.3B	4.1B
Total Common Equity	17.7B	20.79B	36.42B	36.7B	42.68B
Minority Interest	10M	8M	14M	3M	4M
Total Equity	17.71B	20.8B	36.44B	36.7B	42.68B
Total Liabilities And Equity	59.13B	63.36B	116B	116B	124B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	365M	365M	573M	573M	573M
ECS Total Common Shares Outstanding	365M	365M	573M	573M	573M
Book Value / Share	48.49	57.03	63.58	64.05	74.49
Tangible Book Value	-6.93B	-6.15B	-24.33B	-23.2B	-21.23B
Tangible Book Value Per Share	-18.99	-16.86	-42.47	-40.49	-37.06
Total Debt	19.88B	20.06B	48.32B	47.3B	46.83B
Net Debt	15.14B	15.17B	41.95B	39.2B	39.35B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.12B	824M	817M	718M	-
Debt Equivalent Oper. Leases	2.16B	2.17B	2.61B	2.94B	2.94B
Minority Interest, Total (Incl. Fin. Div)	10M	8M	14M	3M	4M
Equity Method Investments, Total	311M	338M	394M	354M	380M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	379M	492M	1.62B	1.44B	1.7B
Inventories - Others	16M	32M	45M	35M	45M
Land - (BS)	51M	52M	81M	61M	64M
Buildings, Total	528M	526M	723M	661M	686M
Machinery, Total	12.97B	14B	17.02B	17.1B	18.55B
Full Time Employees	309K	297K	308K	291K	287K
Part Time Employees	46.15K	48.3K	50.12K	51.31K	46.74K
Accumulated Allowance for Doubtful Accounts (Supple)	872M	843M	1.48B	1.93B	1.86B

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	2.42B	3.13B	4.31B	1.28B	5.16B
Depreciation & Amortization - CF	2.28B	2.25B	2.65B	3.03B	3.1B
Amortization of Goodwill and Intangible Assets - (CF)	474M	432M	572M	798M	889M
Depreciation & Amortization, Total	2.75B	2.68B	3.22B	3.83B	3.98B
Amortization of Deferred Charges, Total - (CF)	225M	312M	315M	349M	377M
Asset Writedown & Restructuring Costs	327M	269M	-118M	53M	-119M
Other Operating Activities, Total	-62M	-134M	-245M	3.45B	64M
Change In Accounts Receivable	123M	117M	-1.94B	-1.92B	-837M
Change In Accounts Payable	-	-	-	-	181M
Change in Other Net Operating Assets	2.29B	-399M	77M	417M	-843M
Cash from Operations	8.07B	5.98B	5.62B	7.46B	7.97B
Capital Expenditure	-1.76B	-1.78B	-2.28B	-2.56B	-2.3B
Cash Acquisitions	-1.68B	-1.24B	-32.21B	-161M	-173M
Cash from Investing	-3.44B	-3.03B	-34.49B	-2.72B	-2.48B
Short Term Debt Issued, Total	3.12B	2.65B	2.56B	6.34B	5.22B
Long-Term Debt Issued, Total	-	3.86B	28.87B	14.66B	8.6B
Total Debt Issued	3.12B	6.51B	31.43B	21B	13.82B
Short Term Debt Repaid, Total	-3.87B	-1.95B	-3.26B	-4.44B	-7.11B
Long-Term Debt Repaid, Total	-1.15B	-5.96B	-5.83B	-17.54B	-10.64B
Total Debt Repaid	-5.02B	-7.91B	-9.1B	-21.98B	-17.75B
Issuance of Common Stock	-	-	9.51B	-	-
Common Dividends Paid	-1.75B	-1.46B	-1.6B	-1.98B	-2.18B
Common & Preferred Stock Dividends Paid	-1.75B	-1.46B	-1.6B	-1.98B	-2.18B
Cash from Financing	-3.66B	-2.86B	30.24B	-2.96B	-6.11B
Foreign Exchange Rate Adjustments	-204M	-7M	144M	-154M	106M
Net Change in Cash	772M	89M	1.51B	1.62B	-515M
Supplemental Items
Cash Interest Paid	589M	480M	906M	2.4B	2.68B
Cash Income Tax Paid (Refund)	862M	1.26B	1.64B	1.35B	2.16B
Levered Free Cash Flow	7.32B	3.85B	588M	7.5B	4.88B
Unlevered Free Cash Flow	7.66B	4.12B	1.17B	9.06B	6.55B
Change In Net Working Capital	-3.89B	496M	4.73B	-1.52B	2.05B
Net Debt Issued / Repaid	-1.91B	-1.4B	22.33B	-988M	-3.93B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.9	5.15	5.12	5.05	5.37
Return on Total Capital	5.96	8.03	7.29	6.94	7.43
Return On Equity %	12.95	16.28	15.08	3.55	13.03
Return on Common Equity	12.98	16.28	15.07	3.51	13
Margin Analysis
Gross Profit Margin %	16.85	17.91	19.44	20.32	20.89
SG&A Margin	13.12	13	13.67	14.01	14.17
EBITDA Margin %	5.07	6.19	6.93	7.4	7.83
EBITA Margin %	3.94	5.08	5.93	6.47	6.92
EBIT Margin %	3.5	4.68	5.5	5.96	6.37
Income From Continuing Operations Margin %	2.24	2.91	3.24	0.82	3.19
Net Income Margin %	2.24	2.91	3.23	0.82	3.19
Net Avail. For Common Margin %	2.24	2.91	3.23	0.82	3.19
Normalized Net Income Margin	1.92	2.73	3.04	2.83	3.07
Levered Free Cash Flow Margin	6.78	3.57	0.44	4.77	3.01
Unlevered Free Cash Flow Margin	7.09	3.83	0.88	5.76	4.05
Asset Turnover
Asset Turnover	1.78	1.76	1.49	1.36	1.35
Fixed Assets Turnover	15.84	16.04	16.77	17.76	18.53
Receivables Turnover (Average Receivables)	5.82	5.95	5.91	5.88	5.71
Inventory Turnover (Average Inventory)	198.82	192.41	97.85	79.6	79.51
Short Term Liquidity
Current Ratio	1.03	1.06	1.34	1.03	1.22
Quick Ratio	0.96	0.98	1.18	0.92	1.1
Operating Cash Flow to Current Liabilities	0.33	0.24	0.19	0.18	0.22
Days Sales Outstanding (Average Receivables)	62.85	61.38	61.78	62.03	64.13
Days Outstanding Inventory (Average Inventory)	1.84	1.9	3.73	4.59	4.6
Average Days Payable Outstanding	7.8	7.93	11.52	14.51	14.45
Cash Conversion Cycle (Average Days)	56.89	55.35	53.99	52.1	54.28
Long Term Solvency
Total Debt/Equity	112.3	96.43	132.61	128.9	109.72
Total Debt / Total Capital	52.9	49.09	57.01	56.31	52.32
LT Debt/Equity	80.47	71.06	124.44	95.44	93.92
Long-Term Debt / Total Capital	37.9	36.17	53.5	41.69	44.78
Total Liabilities / Total Assets	70.05	67.17	68.45	68.47	65.47
EBIT / Interest Expense	6.98	11.51	7.88	3.75	3.86
EBITDA / Interest Expense	12.05	17.63	11.35	5.28	5.36
(EBITDA - Capex) / Interest Expense	8.81	13.56	8.9	4.26	4.49
Total Debt / EBITDA	3.04	2.6	4.58	3.58	3.27
Net Debt / EBITDA	2.32	1.96	3.98	2.97	2.75
Total Debt / (EBITDA - Capex)	4.16	3.38	5.84	4.45	3.9
Net Debt / (EBITDA - Capex)	3.17	2.55	5.07	3.68	3.28
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-2.66	-0.24	23.71	18.02	2.97
Gross Profit, 1 Yr. Growth %	-5.82	6.05	34.29	23.38	5.87
EBITDA, 1 Yr. Growth %	-23.62	21.87	38.54	25.96	9.09
EBITA, 1 Yr. Growth %	-27.45	28.65	44.25	28.85	10.14
EBIT, 1 Yr. Growth %	-30.46	33.35	45.26	28.02	10.04
Earnings From Cont. Operations, 1 Yr. Growth %	-28.14	29.72	37.72	-69.95	298.77
Net Income, 1 Yr. Growth %	-27.94	29.52	37.57	-70.19	301.56
Normalized Net Income, 1 Yr. Growth %	-31.7	41.68	37.73	9.96	11.82
Diluted EPS Before Extra, 1 Yr. Growth %	-27.93	29.59	7.15	-75.63	301.56
Accounts Receivable, 1 Yr. Growth %	-10.29	6.62	41.29	2.35	9.89
Inventory, 1 Yr. Growth %	-22.24	32.66	218.7	-11.5	18
Net Property, Plant and Equip., 1 Yr. Growth %	-6.24	3.55	32.69	-4.63	2.2
Total Assets, 1 Yr. Growth %	-4.93	7.16	82.29	0.77	6.18
Tangible Book Value, 1 Yr. Growth %	16.18	-11.29	295.85	-4.66	-8.47
Common Equity, 1 Yr. Growth %	-9.57	17.49	75.18	0.74	16.3
Cash From Operations, 1 Yr. Growth %	40.46	-25.92	-6.1	32.89	6.78
Capital Expenditures, 1 Yr. Growth %	-13.92	1.65	27.51	12.61	-10.07
Levered Free Cash Flow, 1 Yr. Growth %	88.99	-47.41	-84.73	1.18K	-34.91
Unlevered Free Cash Flow, 1 Yr. Growth %	79.83	-46.17	-71.66	675.44	-27.71
Dividend Per Share, 1 Yr. Growth %	-16.67	10	-21.59	10.14	18.42
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.15	-1.45	11.09	20.83	10.24
Gross Profit, 2 Yr. CAGR %	0.81	-0.06	19.34	28.72	14.29
EBITDA, 2 Yr. CAGR %	-9.27	-3.52	29.94	32.1	17.22
EBITA, 2 Yr. CAGR %	-11.23	-3.39	36.22	36.33	19.13
EBIT, 2 Yr. CAGR %	-13.15	-3.7	39.18	36.37	18.69
Earnings From Cont. Operations, 2 Yr. CAGR %	-10.57	-3.45	33.66	-35.67	9.47
Net Income, 2 Yr. CAGR %	-10.44	-3.39	33.48	-35.96	9.42
Normalized Net Income, 2 Yr. CAGR %	-14.83	-1.63	39.69	23.06	10.88
Diluted EPS Before Extra, 2 Yr. CAGR %	-10.42	-3.36	17.83	-48.9	-1.08
Accounts Receivable, 2 Yr. CAGR %	-3.5	-2.2	22.74	20.26	6.05
Inventory, 2 Yr. CAGR %	-7.33	1.56	105.62	67.95	2.19
Net Property, Plant and Equip., 2 Yr. CAGR %	32.55	-1.47	17.22	12.49	-1.28
Total Assets, 2 Yr. CAGR %	3.24	0.94	39.77	35.53	3.44
Tangible Book Value, 2 Yr. CAGR %	4.57	1.52	87.4	94.26	-6.58
Common Equity, 2 Yr. CAGR %	0.18	3.08	43.46	32.85	8.24
Cash From Operations, 2 Yr. CAGR %	44.65	2.01	-16.6	11.71	19.12
Capital Expenditures, 2 Yr. CAGR %	-10.41	-6.46	13.85	19.83	0.64
Levered Free Cash Flow, 2 Yr. CAGR %	78.27	-0.31	-71.66	39.57	188.16
Unlevered Free Cash Flow, 2 Yr. CAGR %	71.03	-1.61	-60.94	48.24	136.76
Dividend Per Share, 2 Yr. CAGR %	-4.65	-4.26	-7.13	-7.07	14.21
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.4	2.01	6.31	13.36	14.56
Gross Profit, 3 Yr. CAGR %	3.84	2.52	10.28	20.67	20.6
EBITDA, 3 Yr. CAGR %	-2.95	0.11	8.85	28.6	23.94
EBITA, 3 Yr. CAGR %	-3.86	0.45	10.42	33.72	26.97
EBIT, 3 Yr. CAGR %	-5.07	0.19	10.44	35.35	26.96
Earnings From Cont. Operations, 3 Yr. CAGR %	-4.24	1.23	8.68	-18.73	18.17
Net Income, 3 Yr. CAGR %	-4.18	1.28	8.69	-19.01	18.09
Normalized Net Income, 3 Yr. CAGR %	-6.55	0.92	10.05	28.98	19.19
Diluted EPS Before Extra, 3 Yr. CAGR %	-4.16	1.31	0.02	-30.32	1.59
Accounts Receivable, 3 Yr. CAGR %	2.91	-0.24	10.56	15.53	16.7
Inventory, 3 Yr. CAGR %	0.57	4.44	48.69	55.25	49.3
Net Property, Plant and Equip., 3 Yr. CAGR %	23.65	22.08	8.81	9.43	8.95
Total Assets, 3 Yr. CAGR %	6.07	4.54	22.92	25.33	24.94
Tangible Book Value, 3 Yr. CAGR %	8.31	-1.01	59.79	49.6	51.17
Common Equity, 3 Yr. CAGR %	4.48	5.65	23.01	27.52	27.09
Cash From Operations, 3 Yr. CAGR %	25.96	15.73	-0.77	-2.59	10.04
Capital Expenditures, 3 Yr. CAGR %	-0.98	-6.56	3.72	13.43	8.9
Levered Free Cash Flow, 3 Yr. CAGR %	49.31	18.67	-46.66	0.81	8.24
Unlevered Free Cash Flow, 3 Yr. CAGR %	46.21	16.34	-35.02	5.76	16.68
Dividend Per Share, 3 Yr. CAGR %	0	0	-10.42	-1.7	0.75
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.95	4.08	7.64	9.16	7.86
Gross Profit, 5 Yr. CAGR %	5.2	4.5	9.78	12.29	11.87
EBITDA, 5 Yr. CAGR %	1.59	3.4	9.07	11.85	12.12
EBITA, 5 Yr. CAGR %	0.76	3.77	10.52	13.51	13.82
EBIT, 5 Yr. CAGR %	-0.08	3.54	10.63	13.34	13.67
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.23	3.44	9.42	-15.56	9
Net Income, 5 Yr. CAGR %	-0.14	3.47	9.41	-15.69	8.98
Normalized Net Income, 5 Yr. CAGR %	-1.04	3.96	9.76	9.25	10.38
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.12	3.49	4.1	-22.95	-0.42
Accounts Receivable, 5 Yr. CAGR %	6.12	3.49	10.43	7.5	8.73
Inventory, 5 Yr. CAGR %	16.6	8.21	33.88	26.29	27.98
Net Property, Plant and Equip., 5 Yr. CAGR %	19.37	15.4	21.04	18.15	4.66
Total Assets, 5 Yr. CAGR %	7.78	5.53	18.45	15.98	14.72
Tangible Book Value, 5 Yr. CAGR %	5.26	-1.93	34.87	29.63	28.91
Common Equity, 5 Yr. CAGR %	7.18	7.49	18.61	15.79	16.88
Cash From Operations, 5 Yr. CAGR %	18.66	12.68	6.81	14.1	6.75
Capital Expenditures, 5 Yr. CAGR %	5.74	1.48	4.71	3.21	2.47
Levered Free Cash Flow, 5 Yr. CAGR %	30.88	30.75	-23.19	26.63	4.73
Unlevered Free Cash Flow, 5 Yr. CAGR %	29.51	26.65	-13.77	28.18	8.99
Dividend Per Share, 5 Yr. CAGR %	2.71	3.25	-2.92	-2.89	-1.28