SOURCE: Securitas

May 14, 2007 02:00 ET

Securitas AB Interim Report January - March 2007

STOCKHOLM, SWEDEN -- (MARKET WIRE) -- May 14, 2007 --



  * Total sales amounted to MSEK 15,218 (14,948)
  * Income before taxes amounted to MSEK 694 (655)
  * Net income after tax amounted to MSEK 518 (451)
  * Earnings per share amounted to SEK 1.41 (1.23)

                                     Total                    Total
MSEK                Q1 2007 Q1 2006 change % FY 2006 FY 2005 change %
Sales                15,218  14,948    2      60,523  58,201    4
Organic sales             5       5                6       4
growth, %
Operating income        823     809    2       3,591   3,526    2
before amortization
Operating margin, %     5.4     5.4              5.9     6.1
Real change, %            7      -1                4       5
Income before taxes
and items affecting     670     665    1       2,943   2,992    -2
comparability
Real change, %            6      -6                4       8
Income before taxes     694     655    6         883   2,841   -69
Real change, %           12      -8              -67       4
Net income for the      518     451    15        513   2,158
period, continuing                                              -
operations
Earnings per share,
before items
affecting compara-
bility, continuing     1.37    1.25    10       5.97    6.24    -4
operations (SEK)
Earnings per share,
continuing             1.41    1.23    15       1.41    5.84   -76
operations (SEK)

Comments from the CEO, Alf Göransson

"As a further step in specialization and customer focus, a new segment organization was introduced as of January 1, 2007. Mobile and Monitoring specialize in security services for small and medium-sized businesses and electronic alarm surveillance, and increased investments are presently made in sales resources in order to drive the organic sales growth. The new Group management team is accordingly also now in place. The Securitas strategy for the coming years is presently being developed, and will be presented in conjunction with the presentation of the half year interim report in August 2007.

During the first quarter 2007, it has come to our attention that the cut-off procedures in Loomis Cash Management Ltd (LCM) implemented at year end 2006 were not fully comprehensive, and new stock takes are required and the result is expected during the second half of 2007. Due to the development in the UK cash handling operation, the listing of Loomis will not take place in 2007."

For further information please contact:
Alf Göransson, President and CEO, +46 8 657 7400
Håkan Winberg, Executive Vice President and CFO, +44 20 8432 6554
Henrik Brehmer, Senior Vice President Investor Relations, +44 20 8432
6523
The full report including tables can be downloaded from the enclosed link:

http://hugin.info/1199/R/1126406/209071.pdf



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