Interim Report Jan-Sep 2004.pdf - Securitas

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Security Services USA Sales, MUSD Operating Margin, % 750 725 700 675 650 625 600 September 11 Sales q1 q2 q3 q4 q1 q2 q3 q4 q1 q2 q3 q4 q1 q2 q3 2001 2002 2003 2004 ❑ Organic sales • Stable and slowly picking up • Positive trend expected to continue in Q4 Interim Report January - September 2004 8 7% 6% 5% 4% September 11 Op.margin q1 q2 q3 q4 q1 q2 q3 q4 q1 q2 q3 q4 q1 q2 q3 2001 2002 2003 2004 ❑ Operating margin • Stable at a modest level • Expected to remain stable Q4
Security Services Europe Q3 Q3 9M 9M MSEK 2004 2003 2004 2003 Total sales 6,098 5,817 17,933 17,485 Organic sales growth, % 6 1 4 3 Operating income 472 432 1,285 1,216 Operating margin, % 7.7 7.4 7.2 7.0 Op. cap employed as % of sales - - 8 11 Capital employed - - 6,029 7,109 ROCE, % - - 29 24 ❑ Organic sales growth driven by service refinement and a somewhat improved market ❑ Margin improvement driven by service refinement and cost control ❑ Full year organic sales growth expected to be just below portfolio growth Interim Report January - September 2004 9 20,000 17,500 15,000 12,500 10,000 7,500 5,000 2,500 0 Total sales & operating margin 9M-00 9M-01 9M-02 9M-03 9M-04 Key Drivers: (annualized) ❑ Contract portfolio growth 5 % 8% 7% 6% 5% 4% Total sales, MSEK Op.Margin, % ❑ Wages and prices up 3 % ❑ Client retention above 90 % (90) ❑ Employee turnover 35 % (33)
Page 1 and 2: Interim Report January - September
Page 3 and 4: Group Summary
Page 5 and 6: Key Financial Data MSEK Sales 15,18
Page 7: Security Services USA Q3 Q3 9M 9M M
Page 11 and 12: Direct Q3 Q3 9M 9M MSEK 2004 2003 2
Page 13 and 14: Financial Review
Page 15 and 16: Quarterly Year-on-Year Trends 15% 1
Page 17 and 18: SEK/USD exch. rate 1999 - 2004 11.5
Page 19 and 20: Capital Employed and Financing MSEK
Page 21 and 22: The Focus 5,000 4,500 4,000 3,500 3

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