Securitas AB Interim Report Q2 2026 | January-June

APRIL–JUNE 2026 Total sales MSEK 37 843 (38 564) Organic sales growth 0 percent (5) Adjusted organic sales growth, 3 percent* Real sales growth within technology and solutions 5 percent (4) Operating income before amortization MSEK 2 824 (2 798) Operating margin 7.5 percent (7.3) Adjusted operating margin, 7.6 percent (7.5)* Items affecting comparability (IAC) MSEK –46 (–166) Earnings per share, SEK 2.88 (2.56) Earnings per share before IAC, SEK 2.94 (2.79) Cash flow from operating activities 87 percent (106) JANUARY–JUNE 2026 Total sales MSEK 74 054 (78 170) Organic sales growth 0 percent (4) Adjusted organic sales growth, 2 ­percent* Real sales growth within technology and solutions 4 percent (5) Operating income before amortization MSEK 5 283 (5 323) Operating margin 7.1 percent (6.8) Adjusted operating margin, 7.3 ­percent (7.1)* Items affecting comparability (IAC) MSEK 138 (–243) whereof MSEK 213 (–5) related to divestitures Earnings per share, SEK 5.68 (4.86) Earnings per share before IAC, SEK 5.40 (5.15) Cash flow from operating activities 65 percent (56) Net debt/EBITDA ratio 2.2 (2.4) *A new key ratio, operating margin adjusted for the government business within SCIS in the process of being closed down, was added as of the second quarter 2025. A new key ratio, organic sales growth adjusted for the same business, was added as of the third quarter 2025. Refer to note 5 for further information. Comments from the President and CEO "Continued profitability improvement" Organic sales growth in the second quarter, adjusted for the close-down of the SCIS government business, was 3 percent. Organic sales growth in North America was supported by both the Guarding and Technology business units, while active portfolio management had a hampering effect on organic sales growth in Europe. Real sales growth in technology and solutions reached 5 percent in the second quarter, supported by good performance in Technology in North America. Commercial activity remained healthy in the global technology business with strong growth in installation order intake and backlog. We execute on our strategy with the share of technology and solutions increasing across all segments but we are not fully satisfied with the overall growth. We have built a strong and differentiated technology-led offering and we are intensifying our efforts to commercialize the capabilities we have built. We delivered an improved adjusted operating margin in the second quarter, reaching 7.6 percent (7.5), driven by both the technology and solutions and the security services business lines. Operating income increased 3 percent and earnings per share 7 percent. For the first six months earnings per share increased 11 percent. Cash generation was good, cor­re­spond­ing to 87 percent (106) of oper­at­ing income in the quarter, and 65 per­cent (56) for the first six months of the year. The net debt to EBITDA ratio was 2.2 (2.4). THE TRUSTED PARTNER IN INTELLIGENCE-LED SECURITY Our recently announced 2030 strategy positions Securitas as the trusted partner in intelligence-led security, combining global presence and deep security expertise with advanced data, analytics and technology. By leveraging actionable risk intelligence and a more consultative approach, we aim to move further up the value chain, delivering proactive, insight-driven security and strengthening our role as a strategic advisor to clients. In an increasingly complex risk environment, growing demand for professional security ­ser­vices supports our continued growth and competitive position. The close-down of the SCIS govern­ment business is progressing accord­ing to plan and is expected to be concluded by year-end. As no further activities remain, the strategic as­sess­­­ment program was concluded in the second quarter of 2026. The shift toward technology and solutions continues to drive prof­itabil­ity improvements. We are also strength­en­ing the performance of our se...