Securitas SECU-B

Stockholm | Industrials | Security services and security solutions
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Updated: 25 Sep 2026 Base analysis: 5 Apr 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Clear

Maintain the position; consider adding only if Q2 shows clearer organic growth/order momentum, or if the stock weakens further without breaking the margin and cash-flow trend.

Q2 confirms margin and cash flow strength plus debt reduction, yet weak organic growth and short-term volume challenges keep the signal at hold pending clearer re-acceleration.

Market sentiment Positive →
Trend: Stable

Sentiment remains mixed with support from margin improvement and technology development, yet concerns persist around weak organic growth.

Risk assessment Low
Dilution: Low Strong cash flow; no equity raise indicated
Jurisdiction: Low Mainly US and Europe; stable jurisdictions
Execution: Medium Tech shift and M&A integration require continued delivery

HOLD is the call. Positive is the market mood. Low risk means less can go wrong.

Latest change
  • 25 Jul 2026 — Report shows margin improvement and new long-term targets following low-margin contract wind-down.

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About the company

Securitas is a global provider of security services focused on manned guarding, mobile services, and technology-led security solutions. The company is profitable and is transforming toward higher margins through Technology & Solutions and more recurring revenue streams.

Sector: Security services and security solutions
Type: Industrial
Next report (Q3)
23 Oct 2026
Catalysts
◦
Date TBA
New 2030 targets
◦
Date TBA
Critical infrastructure wind-down
Bull case

Continued margin improvement and portfolio actions pave the way for stronger results from 2027 once low-margin contract exits are complete.

Bear case

Weak organic growth and volume losses in aviation security plus the Pinkerton contract loss may hold back growth longer than expected.

Why this signal

Q2 confirms margin and cash flow strength plus debt reduction, yet weak organic growth and short-term volume challenges keep the signal at hold pending clearer re-acceleration.

Recent news
  • S&P raised Securitas credit rating to BBB+ with stable outlook on 28 August 2026. The Discrimination Ombudsman ruled the uniform policy discriminatory in September. EFN issued a buy recommendation on 18 September citing margin improvement. JP Morgan resumed coverage with a neutral rating. The share trades around 150–152 SEK.

Key figures

Revenue
Q2 2026
SEK 37.8B
Net income
Q2 2026
2.88
Gross margin
Q2 2026
7.6%
Exchange
Stockholm
Type
Industrials
Sector
Security services and security solutions
Securitas SECU-B
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.