Report
Karl-Johan Bonnevier
EUR 463.07 For Business Accounts Only

Securitas (Buy, TP: SEK155.00) - Preparing for a strong future

Security services demand has remained robust during the Covid-19 crisis, with Securitas’ solid track record of adjusting its operations also intact, looking at the Q2 ‘balancing act’. Strong FCF, solid financials and management’s lack of patience with underperforming units support our forecasts, with the company sounding ready to reignite its Technology Solutions’ growth case. We reiterate our BUY and SEK155 target price.
Underlying
Securitas AB Class B

Securitas is engaged in integrated security solutions. Co.'s main service offering categories are specialized guarding, mobile security services, monitoring, technical solutions and consulting and investigation services. Co. operates in 52 countries throughout North America, Europe, Latin America, the Middle East, Asia and Africa. Co. is organized into three business segments: Security Services North America, Security Services Europe and Security Services Ibero-America. In addition to the three business segments, Co. conducts guarding operations in the Middle East, Asia and Africa.

Provider
DnB Markets
DnB Markets

DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.

 

Analysts
Karl-Johan Bonnevier

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