Financials Securitas AB

Equities

SECU B

SE0000163594

Business Support Services

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2025-06-19 EDT			5-day change	1st Jan Change
137.60 ^SEK	0.00%		+0.07%	+0.51%

06-05	Kavaljer Quality Focus rose 2.9 percent in May – several changes in the portfolio	FW
06-03	Simplicity Norden increased by 3.5 percent in May – continued increase in Novo Nordisk	FW

Projected Income Statement: Securitas AB

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	107,954	107,700	133,237	157,249	161,921	159,284	164,229	170,407
Change	-	-0.24%	23.71%	18.02%	2.97%	-1.63%	3.1%	3.76%
EBITDA ¹	7,296	8,392	10,739	13,183	14,284	15,166	16,049	16,984
Change	-	15.02%	27.97%	22.76%	8.35%	6.17%	5.82%	5.82%
EBIT ¹	4,606	5,688	7,619	9,627	10,561	10,706	11,739	12,733
Change	-	23.49%	33.95%	26.36%	9.7%	1.38%	9.65%	8.47%
Interest Paid ¹	-500	-364	-758	-2,115	-2,277	-1,987	-1,829	-1,634
Earnings before Tax (EBT) ¹	3,329	4,331	5,726	2,833	7,019	8,725	10,005	11,365
Change	-	30.1%	32.21%	-50.52%	147.76%	24.31%	14.66%	13.6%
Net income ¹	2,419	3,133	4,310	1,285	5,160	6,226	7,098	7,918
Change	-	29.52%	37.57%	-70.19%	301.56%	20.67%	14%	11.55%
Announcement Date	2/4/21	2/8/22	2/7/23	2/7/24	2/6/25	-	-	-

¹SEK in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	26,556	26,501	26,477	25,814	26,499	27,338	28,049	28,598	30,535	36,013	38,091	37,751	39,909	40,047	39,542	39,260	40,638	40,229	41,794	39,606	39,709	40,065	41,183	39,637	-	-	-
Change	-	-0.21%	-0.09%	-2.5%	2.65%	3.17%	2.6%	1.96%	6.77%	17.94%	5.77%	-0.89%	5.72%	0.35%	-1.26%	-0.71%	3.51%	-1.01%	3.89%	-5.24%	0.26%	0.9%	2.79%	-3.75%	-	-	-
EBITDA ¹	1,678	1,930	1,978	1,834	2,045	2,198	2,315	2,075	2,409	3,044	3,211	2,904	3,358	3,549	3,372	3,110	3,576	3,750	3,848	3,293	3,821	4,105	4,307	3,694	-	-	-
Change	-	15.02%	2.49%	-7.28%	11.5%	7.48%	5.32%	-10.37%	16.1%	26.36%	5.49%	-9.56%	15.63%	5.69%	-4.99%	-7.77%	14.98%	4.87%	2.61%	-14.42%	16.03%	7.43%	4.92%	-14.23%	-	-	-
EBIT ¹	943	1,261	1,325	1,191	1,408	1,542	1,547	1,391	1,699	2,193	2,336	2,026	2,463	2,607	2,531	2,206	2,648	2,855	2,852	2,375	2,772	3,024	3,024	2,641	-	-	-
Change	-	33.72%	5.08%	-10.11%	18.22%	9.52%	0.32%	-10.08%	22.14%	29.08%	6.52%	-13.27%	21.57%	5.85%	-2.92%	-12.84%	20.04%	7.82%	-0.11%	-16.73%	16.7%	9.12%	-0%	-12.67%	-	-	-
Charge d'intérêts ¹	-137	-101	-118	-94	-91	-96	-83	-95	-61	-266	-336	-182	-541	-518	-628	-554	-617	-577	-529	-497	-502.3	-497.7	-491.7	-454	-	-	-
Earnings before Tax (EBT) ¹	745	1,038	738	932	1,045	1,295	1,059	1,152	1,397	1,493	1,684	1,316	1,609	-1,588	1,496	1,434	1,782	1,577	2,226	1,798	2,131	2,404	2,514	2,376	2,809	2,914	3,090
Change	-	39.33%	-28.9%	26.29%	12.12%	23.92%	-18.22%	8.78%	21.27%	6.87%	12.79%	-21.85%	22.26%	-198.69%	194.21%	-4.14%	24.27%	-11.5%	41.15%	-19.23%	18.5%	12.84%	4.57%	-5.5%	18.22%	3.74%	6.07%
Net income ¹	546	758	527	679	763	944	747	841	1,020	1,079	1,373	953	1,178	-2,052	1,209	1,052	1,310	1,164	1,636	1,313	1,558	1,767	1,885	1,895	2,074	2,152	2,283
Change	-	38.83%	-30.47%	28.84%	12.37%	23.72%	-20.87%	12.58%	21.28%	5.78%	27.25%	-30.59%	23.61%	-274.19%	158.92%	-12.99%	24.52%	-11.15%	40.55%	-19.74%	18.69%	13.41%	6.65%	0.53%	9.47%	3.74%	6.07%
Announcement Date	7/29/20	11/3/20	2/4/21	5/5/21	7/29/21	10/29/21	2/8/22	5/4/22	7/28/22	11/8/22	2/7/23	5/3/23	7/28/23	11/7/23	2/7/24	5/8/24	7/30/24	11/6/24	2/6/25	5/8/25	-	-	-	-	-	-	-

¹SEK in Million

Estimates

Forecast Balance Sheet: Securitas AB

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	14,335	14,551	40,534	37,530	37,923	35,336	32,267	29,340
Change	-	1.51%	178.57%	-7.41%	1.05%	-6.82%	-8.69%	-9.07%
Announcement Date	2/4/21	2/8/22	2/7/23	2/7/24	2/6/25	-	-	-

¹SEK in Million

Estimates

Cash Flow Forecast: Securitas AB

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	2,787	2,824	3,567	4,114	4,029	3,403	4,024	4,155
Change	-	1.33%	26.31%	15.34%	-2.07%	-15.54%	18.25%	3.27%
Free Cash Flow (FCF) ¹	5,285	3,999	3,422	4,938	5,077	6,107	6,842	7,442
Change	-	-24.33%	-14.43%	44.3%	2.81%	20.29%	12.04%	8.76%
Announcement Date	2/4/21	2/8/22	2/7/23	2/7/24	2/6/25	-	-	-

¹SEK in Million

Estimates

Forecast Financial Ratios: Securitas AB

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	6.76%	7.79%	8.06%	8.38%	8.82%	9.52%	9.77%	9.97%
EBIT Margin (%)	4.27%	5.28%	5.72%	6.12%	6.52%	6.72%	7.15%	7.47%
EBT Margin (%)	3.08%	4.02%	4.3%	1.8%	4.33%	5.48%	6.09%	6.67%
Net margin (%)	2.24%	2.91%	3.23%	0.82%	3.19%	3.91%	4.32%	4.65%
FCF margin (%)	4.9%	3.71%	2.57%	3.14%	3.14%	3.83%	4.17%	4.37%
FCF / Net Income (%)	218.48%	127.64%	79.4%	384.28%	98.39%	98.08%	96.39%	93.99%
Profitability
ROA	3.99%	6.2%	5.64%	1.11%	4.3%	5.47%	5.99%	6.41%
ROE	12.98%	19.73%	17.64%	15.05%	15.61%	15.48%	15.61%	16.05%
Financial Health
Leverage (Debt/EBITDA)	1.96x	1.73x	3.77x	2.85x	2.65x	2.33x	2.01x	1.73x
Debt / Free cash flow	2.71x	3.64x	11.85x	7.6x	7.47x	5.79x	4.72x	3.94x
Capital Intensity
CAPEX / Current Assets (%)	2.58%	2.62%	2.68%	2.62%	2.49%	2.14%	2.45%	2.44%
CAPEX / EBITDA (%)	38.2%	33.65%	33.22%	31.21%	28.21%	22.44%	25.07%	24.47%
CAPEX / FCF (%)	52.73%	70.62%	104.24%	83.31%	79.36%	55.72%	58.81%	55.84%
Items per share
Cash flow per share ¹	22.12	15.28	12.21	-	16.4	13.11	14.76	15.94
Change	-	-30.93%	-20.04%	-	-	-20.05%	12.55%	8.07%
Dividend per Share ¹	4	4.4	3.45	3.8	4.5	5	5.524	6.085
Change	-	10%	-21.59%	10.14%	18.42%	11.12%	10.47%	10.16%
Book Value Per Share ¹	48.49	56.96	63.52	64	74.49	78.57	85.53	91.43
Change	-	17.46%	11.52%	0.74%	16.4%	5.48%	8.85%	6.9%
EPS ¹	6.63	8.59	9.2	2.24	9.01	10.92	12.52	14.03
Change	-	29.56%	7.1%	-75.65%	302.23%	21.16%	14.7%	12.04%
Nbr of stocks (in thousands)	364,934	364,584	572,918	572,918	572,918	572,918	572,918	572,918
Announcement Date	2/4/21	2/8/22	2/7/23	2/7/24	2/6/25	-	-	-