Interim Report Jan-Sep 2004.pdf - Securitas
Interim Report Jan-Sep 2004.pdf - Securitas
Interim Report Jan-Sep 2004.pdf - Securitas
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Security Systems<br />
Q3 Q3 9M 9M<br />
MSEK 2004 2003 2004 2003<br />
Total sales 1,232 903 3,376 2,827<br />
Organic sales growth, % 3 6 2 6<br />
Operating income 127 85 368 293<br />
Operating margin, % 10.3 9.4 10.9 10.4<br />
Op. cap employed as % of sales - - 14 18<br />
Capital employed - - 3,001 1,317<br />
ROCE, % - - 17 31<br />
❑ Overall strong performance<br />
<strong>Interim</strong> <strong>Report</strong> <strong>Jan</strong>uary - <strong>Sep</strong>tember 2004 10<br />
3,600<br />
3,200<br />
2,800<br />
2,400<br />
2,000<br />
1,600<br />
1,200<br />
800<br />
400<br />
0<br />
9M-00 9M-01 9M-02 9M-03 9M-04<br />
– Refinement of organization drives margin - 11.6% excl. Bell<br />
– Acquisitions (Eurotelis & Bell) on track<br />
Total sales &<br />
operating margin<br />
❑ Organic sales growth negatively impacted by internal reorganization<br />
following the acquisitions<br />
12%<br />
10%<br />
8%<br />
6%<br />
4%<br />
2%<br />
0%<br />
Total sales, MSEK Op.Margin, %
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