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Securitas (SECU) investor relations material
Securitas Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved a record Q3 operating margin of 8.1%, surpassing the 8% target, with adjusted margin at 8.3% and broad-based improvements across all segments.
Organic sales growth was 3% in Q3, with North America and Ibero-America leading, and Europe impacted by portfolio management; adjusted organic growth was 4%.
EPS before items affecting comparability rose 19% year-over-year; operating cash flow exceeded 100% of operating income.
Net debt to EBITDA improved to 2.2, down from 2.7 last year, supported by strong cash flow and deleveraging.
SCIS government business close-down is progressing as planned, expected to enhance long-term profitability.
Financial highlights
Q3 sales were SEK 38,521 million, down 2–4% year-over-year; 9M sales SEK 116,691 million, down 3%.
Q3 operating income before amortization rose 11% to SEK 3,107 million; Q3 operating margin was 8.1% (prior year: 7.5%), adjusted 8.3%.
Free cash flow in Q3 was SEK 2.7 billion, supported by strong operating cash flow and lower interest payments.
Net income for Q3 was SEK 631 million, down 37% year-over-year, mainly due to one-time items.
EPS before IAC was SEK 3.34 in Q3, up 19% year-over-year.
Outlook and guidance
On track to achieve at least 8% adjusted operating margin in H2 2025.
Portfolio management in Europe and Ibero-America expected to be largely completed by H1 2026.
Continued focus on profitable growth, margin improvement, and technology and solutions segment.
Operating cash flow target for the year is 70–80% of operating income, aiming for the upper end.
High single-digit organic sales growth targeted, supported by commercial synergies and efficiency.
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