Interim Report Jan-Sep 2004.pdf - Securitas
Interim Report Jan-Sep 2004.pdf - Securitas
Interim Report Jan-Sep 2004.pdf - Securitas
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Security Services USA<br />
Sales, MUSD Operating Margin, %<br />
750<br />
725<br />
700<br />
675<br />
650<br />
625<br />
600<br />
<strong>Sep</strong>tember 11<br />
Sales<br />
q1 q2 q3 q4 q1 q2 q3 q4 q1 q2 q3 q4 q1 q2 q3<br />
2001 2002 2003 2004<br />
❑ Organic sales<br />
• Stable and slowly picking up<br />
• Positive trend expected to<br />
continue in Q4<br />
<strong>Interim</strong> <strong>Report</strong> <strong>Jan</strong>uary - <strong>Sep</strong>tember 2004 8<br />
7%<br />
6%<br />
5%<br />
4%<br />
<strong>Sep</strong>tember 11<br />
Op.margin<br />
q1 q2 q3 q4 q1 q2 q3 q4 q1 q2 q3 q4 q1 q2 q3<br />
2001 2002 2003 2004<br />
❑ Operating margin<br />
• Stable at a modest level<br />
• Expected to remain stable Q4