Securitas Rebrands SES to Securitas Technology, Aims to Increase Technology & Solutions Sales 8-10%

STOCKHOLM — Securitas revealed new financial targets and an update of its Stanley Security business in a “mini version” of its first Capital Markets Day presentation since 2019.

The global security giant says it is targeting 8-10% annual average real sales growth in technology & solutions, 8% group operating margin by year-end 2025, with a >10% long-term operating margin ambition and a net debt to EBITDA ratio below 3.0x

“In essence, we are shifting more of the business towards more technology and solutions and we are enhancing the quality and profitability of the guarding portfolio. These are the two main drivers in terms of the margin target to achieve 8% by 2925,” Securitas President and CEO Magnus Ahlqvist said during the investor presentation.

Ahlqvist also noted that Securitas Electronic Security would be rebranded to Securitas Technology to better reflect its offerings.

The company says the new margin target replaces the previous target of an average increase in earnings per share of 10% and the margin targets in the respective business segments related to the business transformation programs in the group.

The existing operating cash flow target of 70-80% of operating income before amortization remains the same, and the new capital structure target of a net debt to EBITDA ratio of below 3.0x replaces the previous net debt to EBITDA ratio of on average 2.5x, and is estimated to be achieved in 2024. The dividend policy is unchanged, remaining in a range of 50-60% of annual net income over time.

The addition of Stanley Security more than doubles Securitas’ technology business, positioning it globally as the second largest commercial technology provider, Securitas Technology Global President Tony Byerly noted during the position.

Securitas signed a definitive agreement to purchase Stanley Security from Stanley Black & Decker for $3.2 billion in cash last December. The deal was officially completed July 22.

In 2021, STANLEY Security had an installation backlog growth of 33%. For the first six months of 2022, STANLEY Security had a record installation backlog, with growth of 18% compared to the same period last year, according to Securitas.

The post Securitas Rebrands SES to Securitas Technology, Aims to Increase Technology & Solutions Sales 8-10% appeared first on Security Sales & Integration.



from News Archives - Security Sales & Integration https://www.securitysales.com/business/securitas-rebrands-ses-increase-sales/
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Total Tech Summit Puts Call Out for Top Integrators to Apply Now

Image
FRAMINGHAM, Mass. — Total Tech Summit announces that applications are now being accepted to attend this year’s event. Comprised of the  SSI Summit, CE Pro Summit and Commercial Integrator Summit, this year’s event will take place in Las Vegas at the MGM Grand Hotel and Casino, Nov. 13-15. At this all-expense-paid, exclusive event, VIP guests will have the chance to sit in on industry-defining sessions, key boardroom presentations, and be able to meet one-on-one with potential vendors. Total Tech Summit brings together the best in class to share ideas, learn from others, and most importantly, accelerating the next stage of their businesses. It is the only event of its kind that bridges channels and connections by bringing together professional security, commercial AV and residential AV integrators. Another perk of the Total Tech Summit is the VIP Peer-to-Peer groups. These group conversations take place throughout the months leading up to the event and are guided by the editors of t
Read more

Top 10 Security Stories From October 2021: China Ban Gains Steam, Vivint Countersues ADT

October saw its fair share of legal issues and acquisitions. This month, lawsuits involved home security companies, a gunshot detection provider and even a media company. Vivint Smart Home is seeking retribution for the lawsuit ADT filed against it last year that alleged Vivint salespeople go to ADT customers’ homes, get them to sign Vivint contracts and install the company’s alarm systems in their homes under false pretenses. Vivint had requested a motion to have that lawsuit dismissed, but when the judge denied the motion, Vivint launched a countersuit claiming it is in fact ADT that is deceiving and stealing its customers. Gunshot detection provider ShotSpotter filed a lawsuit against media company Vice, alleging it is profiting off of fabricated claims. Vice has been critical about ShotSpotter’s technology in a multitude of articles. Though not a lawsuit, Dahua and Hikvision continue to feel pressure from the U.S. government as it considers a new measure that would make it imp
Read more

Minnesota AG Calls for Cancellation of Home Security Contracts for Alleged Fraud

STEARNS COUNTY, Minn. — Bring Me the News reports that Minnesota’s Attorney General, Keith Ellison, says he’s gotten consumers in Stearns County out of home security contracts after they were misled by a door-to-door salesman. According to the report, Ellison’s office announced that home security companies Skyline Security Management and Safe Home Security have agreed to their cancel contracts with customers in and around Stearns County who purchased their systems from door-to-door salesman Gary Harvey. “Door-to-door salesmen and their employers are in the business of trust-building,” Ellison said in a statement. “They know they need to have your trust to sell you their products, particularly expensive products like security systems that are supposed to keep your home safe. When that trust is betrayed, it’s emotionally and financially painful. I appreciate Skyline and Safe Home taking the right step in canceling these contracts while my office does what we can under the law to hold M
Read more