Securitas AB (OTCPK:SCTBF)

$ 10.5 0 (0%) Market Cap: 5.92 Bil Enterprise Value: 9.90 Bil PE Ratio: 42.00 PB Ratio: 1.67 GF Score: 85/100

Q3 2020 Securitas AB Earnings Call Transcript

Nov 03, 2020 / 01:30PM GMT

Release Date Price: $14.19

Transcript

Magnus Ahlqvist

Securitas AB - President & CEO

So good afternoon, everyone, and welcome to our Q3 update. The Securitas team has shown strong resilience in the handling of COVID-19 situation in working closely with our partners and our clients during the last 10 months. And before we look at the performance, I would just like to express my deep respect and gratitude to every great colleague in the Securitas team.

So let us now shift to the performance in Q3. And I should mention that I am in Stockholm; and Bart, our CFO, is dialing in from Brussels today. So coming from a challenging quarter in Q2, we have seen clear improvement during Q3. Organic sales growth was flat versus last year, and a significant sequential improvement versus the negative 4% that we had in Q2. And we had a positive development during the quarter, which I think is also important to highlight where the organic sales growth, if you look in the quarter, we had around minus 1% in July, and then 1% positive in August and about 1.5% positive in the month of September. So clearly ended the quarter on a more positive note.

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us ETF Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.