Securitas, the world’s biggest security services group, reported a rise in third-quarter profit as improved margins in North America helped offset wage cost pressure in Europe and said it outgrew the market in the first nine months. Operating profit grew to 1.4 billion Swedish crowns ($149.2 million) from a year-ago 1.1 billion, roughly matching a mean forecast in a Refinitiv poll of analysts. The operating margin in North America widened to 6.7% from 6.5% while in Europe it shrank slightly to 5.9% from 6.0% on some wage pressure, with salary increases not fully offset by price increases in …read more
Source:: Yahoo Finance
