suicide fears secure profits for swedens securitas
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Suicide fears secure profits for Sweden's Securitas

Arab Today, arab today

Arab Today, arab today Suicide fears secure profits for Sweden's Securitas

Sweden's Securitas net profit for the full-year
Stockholm - AFP

 Sweden's Securitas, the European leader in security services, reported Tuesday a sharp rise in profits for 2015 amid an increased threat of terrorism and the European migrant crisis.

Net profit for the full-year rose by 18 percent to 2.44 billion kronor (258 million euros, $288 million), or eight percent excluding currency effects.

Sales climbed by 15 percent to 80.8 billion kronor.

In Europe, sales rose by eight percent to 37.5 billion for 2015 and by 11 percent in the fourth quarter, bolstered by the November 13 attacks in Paris and the arrival of hundreds of thousands of migrants in Europe.

"The increased need for security services due to terrorism alerts and the refugee situation has impacted organic sales growth in primarily France, Belgium, Germany and Sweden," the group said in its earnings report.

Events in Turkey, a country which has welcomed around two million Syrian refugees on its soil and saw a number of terrorist attacks last year, also contributed to the strong earnings.

However, Securitas' operating margin remained under pressure, at 5.1 percent in 2015 compared to 5.0 percent a year earlier, owing to rising labour costs in Sweden and operational spending.

In North America, Securitas posted sales of 31.1 billion kronor, a rise of 24 percent, which exceeded market expectations.

At 1200 GMT, the Securitas share price was down by 7.0 in an overall market down by 0.5 percent, with fourth quarter earnings coming in below analysts' forecasts.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

suicide fears secure profits for swedens securitas suicide fears secure profits for swedens securitas

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

suicide fears secure profits for swedens securitas suicide fears secure profits for swedens securitas

 



GMT 13:38 2018 Thursday ,13 December

Maduro says meeting with Putin most useful in his career

GMT 02:04 2017 Sunday ,22 October

June22nd-July23rd

GMT 17:35 2017 Tuesday ,18 April

Saudi air force helicopter crashes, killing 12

GMT 22:10 2017 Monday ,07 August

26 killed in Punjab rainstorm

GMT 07:45 2017 Saturday ,19 August

Sudanese and Ethiopian Ministers discuss cooperation

GMT 20:11 2017 Friday ,20 January

Russia, Syria ink agreement to expand Tartus port

GMT 10:04 2017 Friday ,06 October

Rowida Atteiya bets on success of her new song

GMT 08:42 2017 Thursday ,27 April

HM King hails Spanish ties

GMT 09:05 2018 Sunday ,21 January

'Outskirts' Dawn' outstanding achievement

GMT 21:53 2015 Thursday ,03 September

Israel recovers ancient sarcophagus hidden by contractors

GMT 11:18 2018 Monday ,01 January

Maiduguri suicide attacks condemned

GMT 02:29 2016 Wednesday ,16 November

Iraqi Forces advance in Mosul offensive against Daesh
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday