BREAKING NEWS
This content is not available in your region

Sweden's Securitas aims to double electronic security sales by 2023

Sweden's Securitas aims to double electronic security sales by 2023
FILE PHOTO: A car of private security firm Securitas arrives at the Courthouse in Geneva, Switzerland, February 9, 2018. REUTERS/Denis Balibouse   -   Copyright  Denis Balibouse(Reuters)
Text size Aa Aa

STOCKHOLM (Reuters) – Sweden’s Securitas <SECUb.ST>, the world’s biggest security services group, said on Thursday it aimed to double its electronic services sales to about 40 billion crowns (3.3 billion pounds) by 2023.

The company said it had set a net debt to earnings before interest, tax, depreciation and amortisation (EBITDA) target of on average 2.5, which replaced a free cash flow to net debt target.

It reiterated an earnings per share growth target of 10% and introduced a cash flow target of 70% to 80% of operating income.

(Reporting by Anna Ringstrom; Editing by Edmund Blair)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.