Advertisement
Singapore markets open in 1 hour 15 minutes

  • Straits Times Index

    3,300.04
    -3.15 (-0.10%)
     

  • S&P 500

    5,187.70
    +6.96 (+0.13%)
     

  • Dow

    38,884.26
    +31.99 (+0.08%)
     

  • Nasdaq

    16,332.56
    -16.69 (-0.10%)
     

  • Bitcoin USD

    62,501.34
    -686.00 (-1.09%)
     

  • CMC Crypto 200

    1,292.77
    -72.36 (-5.30%)
     

  • FTSE 100

    8,313.67
    +100.18 (+1.22%)
     

  • Gold

    2,323.60
    -0.60 (-0.03%)
     

  • Crude Oil

    78.33
    -0.05 (-0.06%)
     

  • 10-Yr Bond

    4.4630
    -0.0260 (-0.58%)
     

  • Nikkei

    38,835.10
    +599.03 (+1.57%)
     

  • Hang Seng

    18,479.37
    -98.93 (-0.53%)
     

  • FTSE Bursa Malaysia

    1,605.68
    +8.29 (+0.52%)
     

  • Jakarta Composite Index

    7,123.61
    -7,135.89 (-50.04%)
     

  • PSE Index

    6,618.58
    -33.91 (-0.51%)
     

BRIEF-Securitas CEO: core SSE sales could drop in coming quarters but not necessarily

Reuters

Nov 8 (Reuters) - Securitas AB CEO Alf Goransson to Reuters:

* Security Services Europe division organic sales could be negative, plus-minus zero or positive in Q4 2016, Q1 2017 and Q2 2017, unable to be more precise at this point

* Says "it could be negative but not necessarily"

* Says "We give guidance on where this is heading ... since this will have a fairly considerable effect the coming thee quarters"

* Some projects in Turkey have been cancelled or postponed following attempted coup

* Sees US security services market up slightly more than 4 pct in 2016 and 2017 (pvs 2016 fcast +4 pct)

* Sees Europe security services market up 2-3 pct 2016 and 2017

ADVERTISEMENT

* Might sign deal to buy one mid-size acquisitions in Europe in H2 within fire protection or technology based surveillance

* Still investigating possibilities to enter Australia, Malaysia, Phillipines

* Demand in Germany and Sweden related to refugee situation accounted for bulk of higher extraordinary sales in Europe in Q3 Further company coverage: (Reporting By Anna Ringstrom and Rebecka Roos)