Securitas Q1 profit increase meets expectations

Securitas Q1 profit increase meets expectations (Image: Reuters)

VoM News Desk | May 8, 2024 | 12:37 PM IST | Breaking News | Follow on Google News

Securitas Q1 profit increase meets expectations

Securitas Q1 profit increase meets expectations

May 8 (Reuters) – Sweden’s Securitas (SECUb.ST), opens new tab reported a rise in first-quarter core profit on Wednesday in line with analyst expectations.

The results were led by its performance in North America while in Europe the company said it faced challenges in its airport security business.

Securitas, one of the world’s biggest security services firms, posted an operating profit before amortisation (EBITA) of 2.36 billion Swedish crowns ($216.95 million).

This was against an analysts forecast of 2.33 billion, a poll published by the company showed, and up from 2.18 billion a year earlier.

($1 = 10.8781 Swedish crowns)

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