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SCTBF - Securitas: The Bears Are Missing The Point
Securitas Ab B Free
Securitas delivered decent FY and Q4 results on the 7th of February. The stock depreciated a few percentage points on the announcement but gained it all back in the following weeks.
The quarter and year saw organic growth in excess of peers. Securitas (OTCPK:SCTBF) had organic growth of 5%, which is phenomenal compared to peer G4s (OTCPK:GFSZF) at ~3%. Margins expanded roughly 15 bps year-over-year, on profitability that was already commendable. Securitas managed to achieve another year of 10% sales and earnings growth, which is the goal set by management.