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Securitas Q4 improves free cash flow, sending shares up 8%
![IndiaTimes]()
Wednesday, 7 February 2024
Securitas, world's second-largest security services group, announced stronger-than-anticipated free cash flow for the fourth quarter, coupled with a reduction in debt. This news propelled shares nearly 8% higher. During the three-month period ending in December, Securitas' free cash flow surged, doubling to 3.50 billion Swedish crowns ($333.4 million). This marked a substantial increase from the 1.17 billion reported a year earlier and surpassed the consensus estimate of 2.4 billion, as quoted by Jefferies.
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