STOCKHOLM, Feb. 7, 2024 /PRNewswire/ —
OCTOBER-DECEMBER
Total sales MSEK 39 542 (38 091)
Organic sales growth 6 percent (9)
Operating income before amortization MSEK 2 683 (2 491)
Operating margin 6.8 percent (6.5)
Items affecting comparability (IAC) MSEK –404 (–312), relating to the previously announced transformation programs and the acquisition of STANLEY Security
Earnings per share before and after dilution SEK 2.11 (2.47)*
Earnings per share before and after dilution, before IAC, SEK 2.44 (2.63)*
Cash flow from operating activities 166 percent (83)
JANUARY–DECEMBER 2023
Total sales MSEK 157 249 (133 237)
Organic sales growth 9 percent (7)
Operating income before amortization MSEK 10 247 (8 033)
Operating margin 6.5 percent (6.0)
Items affecting comparability (IAC) MSEK –4 669 (–1 086), relating to the capital loss of MSEK –3 321 from the divestiture of Securitas Argentina, the previously announced transformation programs and the acquisition of STANLEY Security
Earnings per share before and after dilution SEK 2.24 (9.20)*
Earnings per share before and after dilution, before IAC, SEK 9.59 (10.77)*
Reported net debt/EBITDA 4.1 (4.0), net debt/EBITDA before IAC 2.7 (3.3)**
Cash flow from operating activities 80 percent (71)
Proposed dividend for 2023 of SEK 3.80 (3.45) per share, distributed in two installments
* Number of shares outstanding has been adjusted for the rights issue completed on October 11, 2022.
For further information refer to Data per share on page 19.
** The comparative is adjusted for rights issue proceeds received in October 2022 and includes STANLEY Security’s 12 months adjusted estimated EBITDA.
Comments from the President and CEO
“Strong Q4 cash flows and margin improvement from technology and solutions”
The operating margin of 6.8 percent (6.5) in the fourth quarter was supported by all three business segments driven by the technology and Solutions business, primarily from a strong quarter in technology. Technology and solutions represented 55 percent of the Group’s operating result, with an operating margin of 11.4 percent.
Organic sales growth was 6 percent in the fourth quarter and real …