Securitas Q1 Revenue Stagnates, Shares Drop 5%

Securitas reported Q1 organic revenue growth of 0% (2% ex‑SCIS), missing analyst forecasts of 1.4% and 3.6%.
Group revenue fell to 36.2 bn crowns, about 1% below consensus, while adjusted EBITA was 2.46 bn crowns, near expectations.
Free cash flow turned positive at 178 m crowns versus a consensus of –626 m crowns; net debt/EBITDA rose to 2.2× from 2.1×.
Shares slipped nearly 5% after the results, with analysts citing weak organic growth and a large North American contract termination.