Blockchain Press Releases

Securitas AB Interim Report Q2 2023 | January-June 2023

Published

2 years ago

July 28, 2023

CISION (PR Newswire)

STOCKHOLM, July 28, 2023 /PRNewswire/ —

April-June 2023

Total sales MSEK 39 909 (30 535)
Organic sales growth 11 percent (6)
Operating income before amortization MSEK 2 620 (1 760)
Operating margin 6.6 percent (5.8)
Items affecting comparability (IAC) MSEK –311 (–226), relating to the previously announced transformation programs and the acquisition of STANLEY Security
Earnings per share before and after dilution SEK 2.05 (2.32)*
Earnings per share before and after dilution, before IAC, SEK 2.46 (2.77)*
Cash flow from operating activities 46 percent (53)

January-June 2023

Total sales MSEK 77 660 (59 133)
Organic sales growth 11 percent (5)
Operating income before amortization MSEK 4 800 (3 212)
Operating margin 6.2 percent (5.4)
Items affecting comparability (IAC) MSEK –592 (–360), relating to the previously announced transformation programs and the acquisition of STANLEY Security
Earnings per share before and after dilution SEK 3.71 (4.24)*
Earnings per share before and after dilution, before IAC, SEK 4.49 (4.91)*
Reported net debt/EBITDA 3.7 (2.2), adjusted net debt/EBITDA 3.7**
Cash flow from operating activities 29 percent (25)

^{* Number of shares outstanding has been adjusted for the rights issue completed on October 11, 2022.}
^{For further information refer to Data per share on page 21.}
^{** Includes STANLEY Security’s 12 months adjusted estimated EBITDA.}

Comments from the President and CEO

“Strong margin development in North America and Europe“

In a period of global macroeconomic uncertainty, we delivered yet another strong quarter with 11 percent (6) organic sales growth and an operating margin of 6.6 percent (5.8). We recorded 12 percent real sales growth in our technology and solutions business, excluding STANLEY Security, demonstrating that we are on the right track. Overall, organic sales growth in the Group continued to be driven primarily by price increases, although volume growth was good within technology and solutions and in the airport security business.

The operating margin improved to 6.6 percent (5.8), driven by North America and Europe with the contribution from the STANLEY Security acquisition and related cost benefits, together with strong growth and margin development in our technology and solutions business.

Our integration and value creation processes with STANLEY Security are progressing according to plan. We have realized substantial cost benefits in our Technology business primarily in North America, and expect further benefits over the coming quarters. We see significant client interest in our strengthened offering and have material commercial synergy opportunities in our sales pipeline.

Within our security services business we maintain sharp focus on quality and actively managing contracts with lower profitability. These efforts are progressing well throughout the Group, and especially in Europe the profitability improved as a result. In Europe, we saw strong margin development, also compared to the first quarter of 2023, as start-up costs in the airport security business were reduced and cost control improved. Furthermore, we were on par with price increases and wage costs in the Group in the first half year.

During the summer we were glad to announce that we have extended and expanded our global security services contract and partnership with a leading global technology company.

The Group’s operating cash flow was 46 percent (53) of the operating result in the second quarter. The first half year is normally weaker from a seasonality perspective, and we continue to have a high cash flow focus across the business to ensure a healthy full-year outcome.

TRANSFORMING IN LINE WITH OUR STRATEGY

Leadership in technology and solutions as well as in digital capabilities are core to the execution of our strategy. With STANLEY Security we are number two in the global security technology market and the combined solutions offering is truly unique. The transformation programs we have implemented in North America and are implementing in Europe and Ibero-America fundamentally shift our digital capabilities as a company, di-gitalizing our clients, people, operational and financial processes end-to-end.

A central part of the transformation program in Europe is the creation of a specialized solutions organization that is now in place, delivering solutions sales and profit growth. As communicated earlier, we have decided to delay parts of the program that relate to systems integration with the STANLEY integration to maximize cost efficiency and benefits. We expect to conclude these activities during 2024.

On July 25, we divested our entire operation in Argentina due to the weak macroeconomic prospects and challenging business environment in combination with a limited opportunity to execute our long-term strategy with healthy financial performance. As part of our strategy we continue to assess our business mix and presence to further sharpen our performance and position as the leading security solutions and technology company.

We are executing according to plan while at the same time going through a period of extensive transformation – with modernization and digitalization of our business, integration of STANLEY Security and further sharpening the business. We still have a lot of work ahead of us but with our new capabilities, we are very well positioned to deliver superior value as the new Securitas.

Magnus Ahlqvist
President and CEO

FINANCIAL INFORMATION CALENDAR

November 7, 2023, app. 1.00 p.m. (CET)
Interim Report
January–September 2023

February 7, 2024, 8 a.m. (CET)
Full-Year Report
January–December 2023

For further information regarding Securitas’ IR activities, refer to
www.securitas.com/en/investors/ financial-calendar/

PRESENTATION OF THE INTERIM REPORT

Analysts and media are invited to participate in a telephone conference on July 28, 2023, at 2.30 p.m. (CEST) where President and CEO Magnus Ahlqvist and CFO Andreas Lindback will present the report and answer questions. The telephone conference will also be audio cast live via Securitas’ website www.securitas.com

To follow the audio cast of the telephone conference via the web, please follow the link www.securitas.com/en/investors/webcasts-and-audiocasts/

A recorded version of the audio cast will be available at www.securitas.com/en/investors/webcasts-and-audiocasts/ after the telephone conference.

For further information, please contact:
Micaela Sjökvist, Vice President, Investor Relations +46 76 116 7443

ABOUT SECURITAS

Securitas is a world-leading safety and security solutions partner that helps make your world a safer place. Almost nine decades of deep experience means we see what others miss. By leveraging technology in partnership with our clients, combined with an innovative, holistic approach, we’re transforming the security industry. With 358 000 employees in 45 markets, we see a different world and create sustainable value for our clients by protecting what matters most – their people and assets.

Group financial targets
Securitas has four financial targets:

8–10 percent technology and solutions annual average real sales growth
8 percent Group operating margin by year-end 2025, with a >10 percent long-term operating margin ambit-ion
A net debt to EBITDA ratio below 3.0x
An operating cash flow of 70–80 percent of operating income before amortization

Securitas AB (publ.)
P.O. Box 12307, SE-102 28 Stockholm, Sweden

Visiting address:
Lindhagensplan 70

Telephone: +46 10 470 30 00

Corporate registration number: 556302–7241

www.securitas.com

This is information that Securitas AB is obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency of the contact person set out above,
at 1.00 p.m. (CEST) on Friday, July 28, 2023.

The following files are available for download:

https://mb.cision.com/Main/1062/3810931/2208582.pdf

Q22023_eng_final_230728

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Blockchain Press Releases

Opportunities in Volatility: Navigate Crypto Market Trends with KuCoin Trading Bots

Published

8 hours ago

March 14, 2025

CISION (PR Newswire)

opportunities-in-volatility:-navigate-crypto-market-trends-with-kucoin-trading-bots

VICTORIA, Seychelles, March 14, 2025 /PRNewswire/ — KuCoin, a global leading cryptocurrency exchange, is excited to announce the release of its latest market trend and trading bot strategies report for March 2025. This detailed production is designed to empower traders by enhancing their understanding of the crypto market and refining their trading techniques.

This new report is set to support both novice and experienced traders by providing them with a detailed historical analysis of Bitcoin’s performance over the past 13 years, diving into the long-term trends and cyclicality of the market, enabling traders to enhance their understanding of the market landscape.

To help everyone to better keep up with the dynamics of the market, the report features a calendar of key events in March that are expected to impact the crypto markets. This report serves as learning materials with the purpose of information sharing, users are welcome to leverage the detailed information provided in the report to personalize their own analysis and develop trading strategies that align with their individual trading habits and risk appetite.

This is a testament to KuCoin’s ongoing commitment to education and excellence in the crypto trading space. New users are also welcomed to join the latest Trading Bot Carnival to stand a chance of getting various types of rewards. Users are encouraged to read through risk warnings before proceeding to investing.

For a full report and access to the educational resources provided by KuCoin, please visit KuCoin Official Website.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 40 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.

KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more: https://www.kucoin.com/.

Disclaimer: This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions or any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances.

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Blockchain Press Releases

Bybit Introduces Zero Fees on Indices Trading for MT5 Users

Published

9 hours ago

March 14, 2025

CISION (PR Newswire)

bybit-introduces-zero-fees-on-indices-trading-for-mt5-users

DUBAI, UAE, March 14, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a new perk for MT5 users on Bybit in a zero-fee trading event, Indices Unleashed.

From today until April 12, 2025, Bybit traders can execute transactions on 18 prominent indice pairs without incurring trading fees. The offer applies automatically to derivatives linked to indices including the Dow Jones Index Cash CFD (DJ30), NAS100 Cash (NAS100), Hang Seng Index Cash CFD (HK50), S&P Index Cash CFD (SP500), GER40 Cash (GER40), US SMALL CAP 2000 – CASH (US2000), France 40 Index (FRA40), Nikkei Index Cash CFD (Nikkei225), UK 100 Cash (UK100), EUSTX50 Cash (EU50), ES35 Index Cash (ES35), Hang Seng Tech Index Case CFD (HKTECH), Bovespa Cash CFD (BVSPX), South Africa 40 – CASH (SA40), S&P/ASX 200 Index Cash CFD (SPI200), Singapore 20 Index Cash CFD (SGP20), and the Taiwan RIC Index Cash CFD (TWINDEX), all available on the Bybit Gold & Forex Trading platform.

Bybit Gold & FX Trading marks a significant milestone for Bybit as the first cryptocurrency exchange to achieve seamless MT5 integration. This groundbreaking advancement provides users with access to a diverse range of financial instruments, including forex, gold, and other commodities, alongside traditional crypto offerings. With MT5’s sophisticated charting tools, automated trading capabilities, and intuitive interface, Bybit Gold & FX Trading enhances the trading experience for both seasoned professionals and those new to the markets, setting a new benchmark within the digital asset trading landscape.

“Whatever the market conditions, broader access and powerful, intelligent tools are a trader’s best friend. We’re offering free access to indices trading via MT5 on Bybit for a limited time to allow users to experience the platform and find their trading rhythm in a dynamic market,” said Joan Han, Sales and Marketing Director of Bybit.

To find out more about the event and its terms and conditions, users may visit: Bybit Indices Unleashed – Trade for Free

#Bybit #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

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Blockchain Press Releases

MEXC Lists AO (AO), Expanding Support for Decentralized Computing and AI Innovation with a 140,000 USDT Prize Pool

Published

13 hours ago

March 14, 2025

CISION (PR Newswire)

mexc-lists-ao-(ao),-expanding-support-for-decentralized-computing-and-ai-innovation-with-a-140,000-usdt-prize-pool

VICTORIA, Seychelles, March 14, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency trading platform, announces the listing of AO (AO) on both spot and futures markets, scheduled for March 14, 2025, at 06:00 (UTC). To mark the occasion, MEXC is launching an Airdrop+ rewards event with a 140,000 USDT prize pool, providing users with multiple opportunities to engage with AO and explore its potential within the decentralized computing space.

Unleashing AO: MEXC Supports the Future of Decentralized Computing and AI Agents

AO is a decentralized ultra-parallel computing network that expands on-chain computation while ensuring all operations remain verifiable and permanently recorded. Built on Arweave’s permanent storage, AO features an actor-oriented architecture, where modular programs (actors) operate independently, select their own virtual machines (VMs), consensus mechanisms, and payment models, and communicate through a standardized messaging layer. With self-triggering execution and autonomous agent capabilities, AO enables efficient DeFi strategies, automated DEX trading, and AI-driven applications, unlocking a new era of decentralized computing.

By listing AO, MEXC reinforces its commitment to supporting cutting-edge innovations at the intersection of AI, blockchain infrastructure, and decentralized computing. As demand for on-chain processing and AI-powered applications grows, MEXC provides AO with critical market access, deep liquidity, and an engaged global user base to accelerate its adoption and utility. Beyond just a listing, MEXC plays a crucial role in fostering the adoption and development of innovative blockchain projects across AI and DePIN. With a strong trading community, strategic marketing initiatives, and a track record of launching high-potential assets, MEXC provides projects like AO with the tools to gain visibility and traction within the crypto ecosystem. Through this listing, MEXC continues to connect users with the latest blockchain advancements, ensuring accessibility to next-generation decentralized infrastructure.

Celebrate AO’s Listing with a 140,000 USDT Prize Pool

MEXC, known for quickly listing trending tokens, expands its offerings with AO (AO). The AO/USDT trading market officially launched in the Innovation Zone on March 14, 2025, at 06:00 (UTC), followed by the introduction of the AO USDT perpetual futures at 06:10 (UTC), offering adjustable leverage from 1x to 50x with both cross and isolated margin modes.

To celebrate the listing of AO (AO) on MEXC Spot and Futures, MEXC is launching a series of exclusive events from March 13, 2025, at 12:00 (UTC) – March 23, 2025, at 10:00 (UTC), giving both new and existing users the opportunity to earn USDT bonuses and other rewards while engaging with the AO ecosystem.

Event 1: Deposit to Share 72,000 USDT (New User Exclusive)

New users who trade AO spot (≥ $100) or futures (≥ $500) can earn a 30 USDT bonus, with a total of 72,000 USDT up for grabs.

Event 2: Futures Challenge — Trade to Share 50,000 USDT in Futures Bonuses (Open to All Users)

Each user can receive up to 5,000 USDT in Futures bonuses.

Event 3: Invite New Users & Share 18,000 USDT (Open to All Users)
Event 4: Spread the Word and Win Rewards

Your Easiest Way to Trending Tokens

MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 34 million by offering a diverse selection of tokens, high-frequency airdrops, competitive fees, and comprehensive liquidity. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

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