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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Direct<br />
Q3 Q3 9M 9M<br />
MSEK 2004 2003 2004 2003<br />
Total sales 669 554 1,925 1,600<br />
Organic sales growth, % 22 20 21 19<br />
Operating income 79 60 193 136<br />
Operating margin, % 11.8 10.8 10.0 8.5<br />
Op. cap employed as % of sales - - 31 30<br />
Capital employed - - 1,302 1,161<br />
ROCE, % - - 19 17<br />
❑ New consumer concept developed in all<br />
countries - current focus on Sweden, France<br />
and the Netherlands - will drive organic sales<br />
growth<br />
❑ Third party monitoring drives margin<br />
improvement<br />
<strong>Interim</strong> <strong>Report</strong> <strong>Jan</strong>uary - <strong>Sep</strong>tember 2004 11<br />
2,000<br />
1,800<br />
1,600<br />
1,400<br />
1,200<br />
1,000<br />
800<br />
600<br />
400<br />
200<br />
9M-00 9M-01 9M-02 9M-03 9M-04<br />
Key Drivers:<br />
Total sales &<br />
operating margin<br />
12%<br />
10%<br />
❑ 109,681 new alarms installed in<br />
traditional Direct - sales speed<br />
increased 32%<br />
❑ Portfolio growth in traditional<br />
Direct 28% to 523,525 connected<br />
alarms<br />
8%<br />
6%<br />
4%<br />
2%<br />
Total sales, MSEK Op.Margin, %
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