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Securitas

Earnings Release Apr 19, 2013

2968_rns_2013-04-19_7407f8b1-ab1a-446f-8ed5-a042d8ab406b.pdf

Earnings Release

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April 19, 2013

Restated segment comparatives due to organizational changes and adoption of IAS 19 (revised)

The tables below show restated comparative figures for the business segments and for the Securitas Group for the full year 2011, the quarters, half-year, first nine months and full year for 2012. The restatement is done to reflect the organizational changes in the Group that took place on January 1, 2013 and to consider the impact from the adoption of the changes in IAS 19 (revised) that took place on the same date.

Organizational changes

Security Services North America has been affected by operations within security consulting in the Netherlands that have been moved from the segment Other to Pinkerton Corporate Risk Management within Security Services North America. The previous segments Security Services Europe and Mobile and Monitoring have been merged into one segment named Security Services Europe. Furthermore, operations in Spain and Portugal have been moved from the previous segment Mobile and Monitoring to Security Services Ibero-America, while operations within security consulting in Belgium have been moved from the segment Other to Security Services Europe.

The organizational changes have impacted the distribution of sales and operating result between the business segments as well as the elimination of intra-group sales but have not had any impact on the total sales, organic sales growth, operating income nor operating margin for the Securitas Group.

IAS 19 (revised)

IAS 19 (revised) applies to financial years beginning January 1, 2013 or later. It is adopted by the Securitas Group as of the financial year 2013. The impact on the Group from the revised standard is that interest cost and expected return on assets were replaced by a net interest cost which is calculated by applying the discount rate to the net defined benefit obligation (or asset). Further, past service costs are recognized immediately instead of being accrued over the vesting period. The effect on the Group's financial statements is that the costs recognized for 2011 and 2012 related to defined benefits to employees increase. The actual benefits and the cash contributions for these plans are not impacted by IAS 19 (revised).

When restating the comparative years 2012 and 2011 the increase of these costs are MSEK –58 before taxes and MSEK –37 after taxes for 2012. For 2011 the increase was MSEK –50 before taxes and MSEK –30 after taxes. The increase in costs affects production expenses as well as selling and administrative expenses in operating income. The distribution of this impact between the business segments and for the Securitas Group as a whole is disclosed in the tables below. The line "of which impact from IAS 19 (revised)" shows the increase in cost compared to the previous version of IAS 19.

Further, according to IAS 19 (revised) it will no longer be possible to apply the so called corridor method. Since Securitas has not applied the corridor method, this change will have no effect on the Group's financial statements.

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

Visiting address / Besöksadress Lindhagensplan 70 Telephone / Telefon +46 (0) 10 470 30 00 Facsimile / Telefax +46 (0) 10 470 31 22 www.securitas.com

Corp. ID no / Org.nr 556302–7241

Security Services North America

FY Q1 Q2 H1 Q3 9M Q4 FY
MSEK 2011 2012 2012 2012 2012 2012 2012 2012
Total sales 22 415 5 686 6 069 11 755 5 849 17 604 5 935 23 539
Organic sales growth, % 4 1 1 1 -1 0 1 1
Operating income before amortization 1 236 251 266 517 295 812 301 1 113
of which impact from IAS 19 (revised) -38 -10 -11 -21 -11 -32 -11 -43
Operating margin, % 5,5 4,4 4,4 4,4 5,0 4,6 5,1 4,7

Security Services Europe

FY Q1 Q2 H1 Q3 9M Q4 FY
MSEK 2011 2012 2012 2012 2012 2012 2012 2012
Total sales 31 589 8 056 8 341 16 397 8 108 24 505 8 236 32 741
Organic sales growth, % 0 1 2 1 2 1 0 1
Operating income before amortization 1 674 405 389 794 504 1 298 375 1 673
of which impact from IAS 19 (revised) -12 -4 -4 -8 -3 -11 -4 -15
Operating margin, % 5,3 5,0 4,7 4,8 6,2 5,3 4,6 5,1

Security Services Ibero-America

MSEK FY
2011
Q1
2012
Q2
2012
H1
2012
Q3
2012
9M
2012
Q4
2012
FY
2012
Total sales 9 420 2 329 2 339 4 668 2 308 6 976 2 365 9 341
Organic sales growth, % 10 2 -5 -2 -6 -3 -4 -3
Operating income before amortization 597 117 121 238 129 367 129 496
of which impact from IAS 19 (revised) - - - - - - - -
Operating margin, % 6,3 5,0 5,2 5,1 5,6 5,3 5,5 5,3

Other

FY Q1 Q2 H1 Q3 9M Q4 FY
MSEK 2011 2012 2012 2012 2012 2012 2012 2012
Total sales 642 195 222 417 211 628 216 844
Organic sales growth, % - - - - - - - -
Operating income before amortization -172 -53 -59 -112 -78 -190 -65 -255
of which impact from IAS 19 (revised) - - - - - - - -
Operating margin, % - - - - - - - -

Eliminations

FY Q1 Q2 H1 Q3 9M Q4 FY
MSEK 2011 2012 2012 2012 2012 2012 2012 2012
Total sales -9 -2 -1 -3 -3 -6 -1 -7

Group

FY Q1 Q2 H1 Q3 9M Q4 FY
MSEK 2011 2012 2012 2012 2012 2012 2012 2012
Total sales 64 057 16 264 16 970 33 234 16 473 49 707 16 751 66 458
Organic sales growth, % 3 1 0 1 0 0 0 0
Operating income before amortization 3 335 720 717 1 437 850 2 287 740 3 027
of which impact from IAS 19 (revised) -50 -14 -15 -29 -14 -43 -15 -58
Operating margin, % 5,2 4,4 4,2 4,3 5,2 4,6 4,4 4,6

The information provided in this press release regarding restated segment data is preliminary and has not been reviewed by the Group's auditors.

This press release is also available at: www.securitas.com

Information:

.

Micaela Sjökvist, Head of Investor Relations Phone: +46 10 470 30 13. Mobile: +46 (0) 76 116 7443

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Securitas is a global knowledge leader in security. From a broad range of services of specialized guarding, technology solutions and consulting and investigations, we customize offerings that are suited to the individual customer's needs, in order to deliver the most effective security solutions. Everywhere from small stores to airports, our 300,000 employees are making a difference.

Securitas AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 10.00 (CET) on April 19, 2013.

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