Goldman Sachs maintains a Sell rating on Securitas AB with a price target of Skr140, following a 1Q'26 growth miss attributed to North American weather delays.
Key Takeaways
- 1.Securitas missed 1Q'26 consensus growth expectations primarily due to weather-related delays in North America, but underlying commercial activity is reported as healthy.
- 2.Goldman Sachs maintains a Sell rating, citing that Securitas has a growth and margin profile at the lower end of their Business Services coverage universe.
- 3.The upcoming Capital Markets Day (CMD) in June is expected to provide clarity on the company's normalized growth and margin profile following years of reorganization.
Table of Contents
- Estimate changes
- Key Data
- GS Forecast
- Ratios & Valuation
- Growth & Margins
- Price Performance
- Balance Sheet
- Income Statement
- Cash Flow
- Thesis in Charts
- Company Profile
- Financials
- Valuation and key risks
- Disclosure Appendix
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Authors
Subasini VaranasiHarshita Bhatter, CFA
Securities
SECU B
Themes
Portfolio OptimizationMargin Protection
Regions
North AmericaEuropeSweden