SECURITAS AB Annual Report 2011

138
Quarterly data
Statement of income 2011 1
MSEK Q1 2011 Q2 2011 Q3 2011 Q4 2011
Sales 13 846.6 14 210.1 15 258.2 15 680.7
Sales, acquired business 928.3 1 417.5 1 370.5 1 345.2
Total sales 14 774.9 15 627.6 16 628.7 17 025.9
Organic sales growth, % 3 3 4 2
Production expenses -12 232.5 -12 957.4 -13 718.7 -14 068.8
Gross income 2 542.4 2 670.2 2 910.0 2 957.1
Selling and administrative expenses -1 832.3 -1 924.0 -1 965.7 -2 044.9
Other operating income 2.8 1.1 3.1 67.3
Share in income of associated companies -0.5 0.0 -0.4 -1.5
Operating income before amortization 712.4 747.3 947.0 978.0
Operating margin, % 4.8 4.8 5.7 5.7
Amortization of acquisition related intangible assets -44.3 -53.2 -56.4 -64.3
Acquisition related costs -31.6 -47.2 -21.5 -93.2
Operating income after amortization 636.5 646.9 869.1 820.5
financial income and expenses -109.3 -120.8 -129.2 -133.7
Income before taxes 527.2 526.1 739.9 686.8
Net margin, % 3.6 3.4 4.4 4.0
Current taxes -136.6 -139.5 -194.0 -210.0
Deferred taxes -21.0 -17.8 -27.2 4.7
Net income for the period 369.6 368.8 518.7 481.5
Whereof attributable to:
Equity holders of the Parent Company 368.6 367.9 517.5 481.7
Non-controlling interests 1.0 0.9 1.2 -0.2
Earnings per share before dilution (SEK) 1.01 1.01 1.42 1.32
Earnings per share after dilution (SEK) 1.01 1.01 1.42 1.32
Statement of cash flow 2011 1
MSEK Q1 2011 Q2 2011 Q3 2011 Q4 2011
Operating income before amortization 712.4 747.3 947.0 978.0
Investments in non-current tangible and intangible assets -216.7 -263.7 -208.9 -320.5
Reversal of depreciation 218.6 228.6 221.8 233.0
Change in accounts receivable -258.5 -484.0 -52.6 72.5
Change in other operating capital employed -647.1 -107.4 165.6 142.0
Cash flow from operating activities -191.3 120.8 1 072.9 1 105.0
Cash flow from operating activities, % -27 16 113 113
financial income and expenses paid -61.3 -274.1 -81.0 -58.7
Current taxes paid -108.4 -333.2 -103.8 -218.5
Free cash flow -361.0 -486.5 888.1 827.8
Free cash flow, % -78 -100 143 130
Cash flow from investing activities, acquisitions -137.2 -839.7 -355.4 -549.7
Cash flow from items affecting comparability -7.3 -3.2 -2.0 -11.2
Cash flow from financing activities 1 319.9 134.4 -297.1 -188.3
Cash flow for the period 814.4 -1 195.0 233.6 78.6
Capital employed and financing 2011 1
MSEK March 31, 2011 June 30, 2011 September 30, 2011 December 31, 2011
Operating capital employed 3 250.8 4 016.8 3 551.2 3 144.6
Operating capital employed as % of sales 5 6 5 5
Return on operating capital employed, % 124 106 113 118
Goodwill 12 808.8 13 717.8 14 645.3 14 727.4
Acquisition related intangible assets 1 051.2 1 335.7 1 381.7 1 574.1
Shares in associated companies 114.5 114.3 113.6 108.2
Capital employed 17 225.3 19 184.6 19 691.8 19 554.3
Return on capital employed, % 21 18 18 17
Net debt -8 384.4 -10 924.2 -10 724.6 -10 348.8
Shareholders’ equity 8 840.9 8 260.4 8 967.2 9 205.5
Net debt equity ratio / multiple 0.95 1.32 1.20 1.12
1 For definitions and calculation of key ratios refer to note 3.
Securitas Annual Report 2011