The security market in countries such as France, Portugal and Spain continues to deteriorate, according to the Swedish-based security multinational Securitas AB in its interim report for hte half year January to June 2013.
The company reported organic sales growth of 1 percent which ‘reflected the challenging macroeconomic situation that prevails in Europe’, said Alf Göransson, pictured, President and Chief Executive Officer (CEO) of Securitas
He said that the company’s operating margin improved in all divisions compared to previous year, mainly driven by the various restructuring and cost savings actions taken in 2012.
“We achieved cost savings according to our restructuring plan. Sales of security solutions and technology gradually increases
In 2012 the sales of security solutions and technology represented approximately 6 percent of group sales. We have set a target to triple this share of sales by the end of 2015. We continued to increase our investments in resources within security solutions and technology and in the first half of 2013 we were at 7 percent.”
As for other markets, Göransson said that the US economy seems to be in a slow and gradual recovery mode. Latin America continued to show strong organic sales growth.
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