contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


finansinspektionen-flaggningsmeddelande-i-securitas-ab-33

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Securitas operates in the security industry and offers services within guarding, surveillance and risk management. The company services include stationary and mobile surveillance, electronic security, fire protection, GPS services and risk management issues. The company's services are aimed at companies, public institutions and private individuals. The operations are global with a presence in Europe, North America and Asia. Securitas was founded in 1934 and is headquartered in Stockholm.

Overview I looked into Securitas’ stock and the company’s past few years. Perhaps a bit superficially, but I thought I’d share my observations here anyway. The company’s market capitalization at the time of writing is approximately 91 billion SEK. Revenue for 2025 was 155 billion SEK and EBITA was 11.5 billion SEK. Improving the EBITA margin has been at the center of the company’s strategy, and in the second half of 2025, it broke the 8% target threshold. Last year’s net profit was 5.1 billion SEK, as depreciation, interest expenses, and one-off costs take a fairly large share of EBITA. BUSINESS OPERATIONS The company’s business is geographically divided into three regions: North America, Europe, and Ibero-America (including Spain, Portugal, and South America). Regarding last year, revenue was distributed such that 43% came from Europe, 40% from North America, and 10% from Ibero-America. However, 51% of EBITA comes from North America, 43% from Europe, and 10% from Ibero-America (the figures do not sum perfectly due to shared costs). This is due to the higher margin levels in the North American business. By segment, the company’s business is divided into traditional security solutions, effectively guarding, and the Technology & Solutions segment. Across the board, the share of traditional security solutions has accounted for 64% of revenue, while Technology & Solutions has accounted for 34% of the entire company’s revenue. The share of EBITA, on the other hand, is split pretty much 50-50 between the segments. Technology & Solutions is indeed the company’s most significant driver for earnings growth now and in the future. The company targets 8-10% annual real sales growth and had set a goal to reach an 8% EBITA margin by the end of 2025. Securitas succeeded in this, as the EBITA margin for the second half of 2025 exceeded the 8% limit. On an annual level, the EBITA margin has risen from 6.0% in 2022 to 7.4% in 2025. The company has also articulated an ambition to raise the EBITA margin to the 10% level in the long term. This is intended to happen specifically through the Technology & Solutions segment. The segment’s EBITA margin for 2025 was 11.5%. There hasn’t been a massive improvement here in recent years, as the segment’s EBITA margin in 2023 was 10.8%. Revenue for the Technology & Solutions segment has also remained nearly flat over the last couple of years, even decreasing slightly from last year. Meanwhile, the EBITA margin for traditional security services has risen from 4.9% to 6.0% from 2023 to 2025. Revenue in this segment has also declined over the past couple of years. During this decade, the company has undergone a transformation from the traditional guarding business toward security technology and modern security solutions. The Stanley acquisition played a major role in this, laying the foundation for the current Securitas Technology business. Securitas’ foundation is in traditional security solutions, practically various guarding arrangements. To complement this, Securitas bought the electronic security solutions business from Stanley Black & Decker in 2021-2022. Stanley’s business is effectively the installation and maintenance of technical security solutions, such as camera surveillance, access control, and alarm systems. Stanley, now Securitas Technology, focuses on serving businesses instead of the lower-margin consumer business. The purchase price was $3.2 billion, or about 29 billion SEK. At the time of purchase, Securitas’ own market capitalization was hovering around 45-50 billion SEK, so the acquisition was remarkably large in size.  From the price chart, it can be seen that the market did not necessarily receive the acquisition with particular enthusiasm, although the downturn in European stock markets caused by Russia’s war of aggression certainly contributed to the price decline. In any case, an acquisition that significantly increased the debt burden and moved slightly further away from the company’s previous core industry (even though technical security solutions have better margins and grow faster) did not seem like an attractive option to many investors, especially as interest rates rose. However, the company’s share price has recovered well as the business has developed and the debt burden has decreased. In 2022 and 2023, the reported net debt/EBITDA reached levels of 4.0-4.1 (though adjusted for one-off costs, levels were 3.3 and 2.6), but by the end of the year, it was down to 2.1. The company still has debt, but the amount has decreased steadily. The multiple has also been trimmed from the other side, meaning EBITDA has also grown after the acquisition. GROWTH  According to the 2024 Investor Day materials above, the company expects basically low single-digit growth percentages for traditional security services, while the Technology & Solutions segment would grow faster than this. I couldn’t find the market growth figures at this moment. Relative to the market size, however, Securitas still has room for growth, even though it claims to be a top-3 player in both of its core fields. Despite this, revenue has remained stagnant in recent years. This is explained by what the company calls active portfolio management, which in practice means the company has pruned low-margin contracts and prioritized margin development at the expense of revenue growth. Examples of this include the divestments of the Argentine business and the French airport guarding business. Additionally, the company wound down its Securitas Critical Infrastructure Services (SCIS) business in North America, even though the original plan was to sell the business. The company lost its old contract in a competitive tender in the first quarter of the year, which eventually led to the shutdown of the entire subsidiary. Organic growth for the company has, however, been around a couple of percent in recent quarters. The decrease in revenue has therefore been mainly due to business divestments, and the remaining operations are ticking along at a fairly steady but low growth of a couple of percent. EARNINGS  Securitas’ earnings reporting reminds me a lot of the Finnish company TietoEVRY, because there is no shortage of non-recurring items to be adjusted in the income statements. Pictured above is the source of Securitas’ one-off costs. The most significant individual reason is, of course, the Stanley integration, but businesses have also been heavily restructured otherwise. The peak in these one-off costs was seen in 2023, and they have decreased since then, although the shutdown of the SCIS business brought more items to adjust for in 2025. Because of these constant adjustments, I have personally looked more at the reported figures. In addition to the gradual decrease in one-off costs, earnings growth is driven by the reduction in net debt. The company’s target level for the net debt/EBITDA metric is <3, so they are already at the target level. The company’s goals may involve inorganic growth in the near future within the Technology & Solutions business area, indicated by a small acquisition in Canada last year (Liferaft, revenue 134 MSEK). Along with earnings, the company has also managed to grow its cash flow. This is shown in the image below. The company also pays a dividend. From the 2025 result, the dividend will be 5.30 SEK. In recent years, the dividend payout has been approximately 40-60% of earnings.  VALUATION The company is currently priced at a Forward P/E ratio of 12. The P/E ratio for 2025 is approximately 17, so the forward-looking P/E ratio already prices in earnings improvement. In my opinion, the company has made the right moves by trimming away underperforming businesses and focusing on margin improvement. The company has successfully reached its goal regarding earnings improvement by achieving an 8% EBITA margin. The next milestone will be reaching the company’s growth target.I don’t own the company myself, at least not yet. In my opinion, the multiples aren’t particularly high, but they aren’t exceptionally low either. The company has successfully completed an acquisition that was large relative to its size, which has lowered the risk level. If the growth outlook can be clarified and the current forward-looking valuation multiples are earned, I might buy some at some point.

Securitas is still cheap. The share price is around 100 kronor, and with the 2024 consensus forecast, the P/E is slightly under 10. Nordea’s target price is 130 kronor. In my opinion, the company’s demand outlook is good. The more discord and crime there is in Western countries, the brighter the outlook. Technological development raises the barrier to entry and brings economies of scale, which reduces price pressure from competition. I will continue adding to this at a slow pace for a while longer.

Bumping this thread again. I started buying Securitas a little over a year ago. For diversification, and also because this business is very stable, much like waste management, and Securitas is well-diversified geographically. At the current share price and based on 2024 earnings forecasts, the stock is priced quite attractively. P/E around 9.

Reflecting the median consensus estimates, Securitas’ P/E ratios for the coming years at approximately 88.22 would seem to be:  -23 11.1  -24 8.6  -25 7.7 Nordea states that the valuation is somewhat on the low side relative to peers: “The share trades at 8.8x 2024E EV/EBITA, and we argue that the valuation gap to peers (23% discount to the peer median) is likely to shrink when investors begin to look at 2024 numbers.” https://research.nordea.com/Company/List# With the STANLEY acquisition, the company is inching toward higher margins as higher-margin technology solutions increasingly appear alongside traditional services, such as security guards stationed in shops or at airports. The company still has debt following the acquisition (Net debt/EBITDA 3.8x), but the weak Swedish krona and reasonable valuation make Securitas’ solid market position and stable business look relatively attractive already.

Herätelläänpä tätäkin ketjua hieman  Nordnetin asiakkaat ovat jo saaneet merkkarit tileilleen, mutta ainakin Nordeasta vielä puuttuu. Kyseessä siis isohko anti, jonka tarkoituksena on kerätä 9,583 MSEK varoja (miinus liikkeeseenlaskuun menevät kulut). Varat tullaan käyttämään aiemmin solmittujen siltalainojen osittaiseen takaisinmaksuun, jotka perua hiljattain tehdystä STANLEY Security-yrityskaupasta. Merkkareilla uutta lappua luvassa hintaan 46 SEK. Vanhojen lappujen dilutoituminen tulee olemaan noin 36%. Merkintäaika 22.9. - 11.10.22 https://www.securitas.com/en/investors/rights-issue-2022/

Covid-19 vaikutuksia on listattu hieman tässä tiedotteessa Newsroom  The spread of the COVID-19 and the measures put in place to prevent further spreading impact markets where Securitas has a significant presence. In terms of sales, the company sees a reduction in certain parts of its business. Such relates foremost to the aviation segment and extra sales. As passenger traffic has decreased sharply, sales related to passenger and luggage screening have declined. Extra sales affected at this point in time relate to cancelled events and exhibitions. A current reduction in some of the portfolio business is also noted due to clients implementing Business Contingency Plan measures, as are currently reduced levels of installations of larger electronic security projects. There are also certain increases in service levels, mostly related to protection of closed stores and facilities, crowd control for grocery stores and healthcare institutions, but also an increasing focus on technology solutions where we have strong capabilities and offerings.

Securitas on yksi näitä osakkeita, jotka ei ole kovin hyvin toipuneet muun pörssin vanavedessä. Edelleen ytd -30%. Ja 5 vuottakin -13%. Ei mikään kurssiraketti.

Securitas

Flaggningsmeddelande i Securitas ABAnmälan om förvärv eller överlåtelse av finansiella instrument. Emittent556302-7241 Securitas ABInstrumentCommon StockInnehavareBlackRock, Inc. Före transaktionenAnt...

<div align="center"><div align="left"><div align="center"><img border="0" src="http://mb.cision.com/Public/13135/0/aca45bcefa0046bb_org.gif" alt="Finansinspektionen"></div><div><img border="0" width="575" src="http://mb.cision.com/Public/13135/0/9287b61ccc5d0383_org.gif" alt="---" height="1"></div><div><div><h1>Flaggningsmeddelande i Securitas AB</h1>Anmälan om förvärv eller överlåtelse av finansiella instrument.<br><br><table width="512"><tbody><tr><td><b>Emittent</b></td><td class="tvalue">556302-7241 Securitas AB</td></tr><tr><td><b>Instrument</b></td><td class="tvalue">Common Stock</td></tr><tr><td><b>Innehavare</b></td><td class="tvalue">BlackRock, Inc.</td></tr><tr><td colspan="2">&nbsp;</td></tr><tr><td colspan="2"><b>Före transaktionen</b></td></tr><tr><td>Antal aktier</td><td>Uppgift saknas <a class="undisclosed" href="#undisclosed">*</a></td></tr><tr><td>Antal rösträtter</td><td>Uppgift saknas <a class="undisclosed" href="#undisclosed">*</a></td></tr><tr><td colspan="2">&nbsp;</td></tr><tr><td colspan="2"><b>Transaktionen</b></td></tr><tr><td>Skäl för flaggning</td><td class="tvalue">Köp</td></tr><tr><td>Datum</td><td class="tvalue">2026-02-25</td></tr><tr><td>Gränsvärde för antal aktier</td><td class="tvalue">5 %</td></tr><tr><td colspan="2">&nbsp;</td></tr><tr><td colspan="2"><b>Efter transaktionen:</b></td></tr><tr><td colspan="2">Antal</td></tr><tr><td>&nbsp;-&nbsp;aktier</td><td class="tvalue">28&nbsp;936&nbsp;844</td></tr><tr><td>&nbsp;-&nbsp;direkt innehavda rösträtter</td><td class="tvalue">0</td></tr><tr><td>&nbsp;-&nbsp;indirekt innehavda rösträtter</td><td class="tvalue">28&nbsp;936&nbsp;844</td></tr><tr><td colspan="2">Andel</td></tr><tr><td>&nbsp;-&nbsp;aktier</td><td class="tvalue">5,0466 %</td></tr><tr><td>&nbsp;-&nbsp;direkt innehavda rösträtter</td><td class="tvalue">0 %</td></tr><tr><td>&nbsp;-&nbsp;indirekt innehavda rösträtter</td><td class="tvalue">3,54688 %</td></tr><tr><td colspan="2"> </td></tr><tr><td colspan="3"><table><tbody><tr><td colspan="3">Fördelning av totalt innehav</td></tr><tr><td class="tlabel"></td><td class="tvalue1">Andel rösträtter</td><td class="tvalue2">Antal aktier genom:</td></tr><tr><td class="tlabel">Aktier, samt övriga instrument enligt LHF 4 kap. 2§ första stycket&nbsp;1</td><td class="tvalue1">3,54688&nbsp;%</td><td class="tvalue2">28&nbsp;936&nbsp;844</td></tr><tr><td class="tlabel">Finansiella instrument enligt LHF 4 kap. 2§ första stycket&nbsp;2</td><td class="tvalue1">0,17617&nbsp;%</td><td class="tvalue2">1&nbsp;437&nbsp;327</td></tr><tr><td class="tlabel">Finansiella instrument enligt LHF 4 kap. 2§ första stycket&nbsp;3</td><td class="tvalue1"> </td><td class="tvalue2"></td></tr><tr><td class="tlabel">&nbsp;-&nbsp;Fysisk avvecklade</td><td class="tvalue1"></td><td class="tvalue2"></td></tr><tr><td class="tlabel">&nbsp;-&nbsp;Kontantavräknade</td><td class="tvalue1">1,00406&nbsp;%</td><td class="tvalue2">8&nbsp;191&nbsp;560</td></tr><tr><td colspan="3">&nbsp;</td></tr><tr><td class="tlabel">TOTALT</td><td class="tvalue1">4,72711&nbsp;%</td><td class="tvalue2">38&nbsp;565&nbsp;731</td></tr><tr><td colspan="3">&nbsp;</td></tr><tr><td class="tlabel">Totalt antal rösträtter</td><td class="tvalue1"></td><td class="tvalue2"></td></tr></tbody></table></td></tr><tr><td colspan="2">&nbsp;</td></tr><tr><td colspan="2">Kedja av kontrollerande företag genom vilka rösterna innehas</td></tr><tr><td>&nbsp;-&nbsp;bolag</td><td class="tvalue">BlackRock Japan Co., Ltd.</td></tr><tr><td>&nbsp;-&nbsp;antal rösträtter</td><td class="tvalue">748&nbsp;290</td></tr><tr><td>&nbsp;-&nbsp;andel av rösträtter</td><td class="tvalue">0,09172 %</td></tr><tr><td>&nbsp;-&nbsp;bolag</td><td class="tvalue">BlackRock Investment Management, LLC</td></tr><tr><td>&nbsp;-&nbsp;antal rösträtter</td><td class="tvalue">1&nbsp;127&nbsp;611</td></tr><tr><td>&nbsp;-&nbsp;andel av rösträtter</td><td class="tvalue">0,13821 %</td></tr><tr><td>&nbsp;-&nbsp;bolag</td><td class="tvalue">BlackRock Investment Management (UK) Limited</td></tr><tr><td>&nbsp;-&nbsp;antal rösträtter</td><td class="tvalue">3&nbsp;643&nbsp;394</td></tr><tr><td>&nbsp;-&nbsp;andel av rösträtter</td><td class="tvalue">0,44658 %</td></tr><tr><td>&nbsp;-&nbsp;bolag</td><td class="tvalue">BlackRock Investment Management (Australia) Limited</td></tr><tr><td>&nbsp;-&nbsp;antal rösträtter</td><td class="tvalue">149&nbsp;008</td></tr><tr><td>&nbsp;-&nbsp;andel av rösträtter</td><td class="tvalue">0,01826 %</td></tr><tr><td>&nbsp;-&nbsp;bolag</td><td class="tvalue">BlackRock Institutional Trust Company, National Association</td></tr><tr><td>&nbsp;-&nbsp;antal rösträtter</td><td class="tvalue">10&nbsp;113&nbsp;862</td></tr><tr><td>&nbsp;-&nbsp;andel av rösträtter</td><td class="tvalue">1,23969 %</td></tr><tr><td>&nbsp;-&nbsp;bolag</td><td class="tvalue">BlackRock Fund Advisors</td></tr><tr><td>&nbsp;-&nbsp;antal rösträtter</td><td class="tvalue">8&nbsp;618&nbsp;042</td></tr><tr><td>&nbsp;-&nbsp;andel av rösträtter</td><td class="tvalue">1,05634 %</td></tr><tr><td>&nbsp;-&nbsp;bolag</td><td class="tvalue">BlackRock Financial Management, Inc.</td></tr><tr><td>&nbsp;-&nbsp;antal rösträtter</td><td class="tvalue">4&nbsp;006&nbsp;345</td></tr><tr><td>&nbsp;-&nbsp;andel av rösträtter</td><td class="tvalue">0,49107 %</td></tr><tr><td>&nbsp;-&nbsp;bolag</td><td class="tvalue">BlackRock Asset Management North Asia Limited</td></tr><tr><td>&nbsp;-&nbsp;antal rösträtter</td><td class="tvalue">10&nbsp;188</td></tr><tr><td>&nbsp;-&nbsp;andel av rösträtter</td><td class="tvalue">0,00124 %</td></tr><tr><td>&nbsp;-&nbsp;bolag</td><td class="tvalue">BlackRock Asset Management Deutschland AG</td></tr><tr><td>&nbsp;-&nbsp;antal rösträtter</td><td class="tvalue">697&nbsp;950</td></tr><tr><td>&nbsp;-&nbsp;andel av rösträtter</td><td class="tvalue">0,08555 %</td></tr><tr><td>&nbsp;-&nbsp;bolag</td><td class="tvalue">BlackRock Asset Management Canada Limited</td></tr><tr><td>&nbsp;-&nbsp;antal rösträtter</td><td class="tvalue">785&nbsp;965</td></tr><tr><td>&nbsp;-&nbsp;andel av rösträtter</td><td class="tvalue">0,09633 %</td></tr><tr><td>&nbsp;-&nbsp;bolag</td><td class="tvalue">BlackRock Advisors, LLC</td></tr><tr><td>&nbsp;-&nbsp;antal rösträtter</td><td class="tvalue">4&nbsp;075&nbsp;124</td></tr><tr><td>&nbsp;-&nbsp;andel av rösträtter</td><td class="tvalue">0,4995 %</td></tr><tr><td>&nbsp;-&nbsp;bolag</td><td class="tvalue">BlackRock Advisors (UK) Limited</td></tr><tr><td>&nbsp;-&nbsp;antal rösträtter</td><td class="tvalue">4&nbsp;522&nbsp;823</td></tr><tr><td>&nbsp;-&nbsp;andel av rösträtter</td><td class="tvalue">0,55437 %</td></tr><tr><td>&nbsp;-&nbsp;bolag</td><td class="tvalue">BlackRock (Singapore) Limited</td></tr><tr><td>&nbsp;-&nbsp;antal rösträtter</td><td class="tvalue">27&nbsp;463</td></tr><tr><td>&nbsp;-&nbsp;andel av rösträtter</td><td class="tvalue">0,00336 %</td></tr><tr><td>&nbsp;-&nbsp;bolag</td><td class="tvalue">Aperio Group, LLC</td></tr><tr><td>&nbsp;-&nbsp;antal rösträtter</td><td class="tvalue">39&nbsp;666</td></tr><tr><td>&nbsp;-&nbsp;andel av rösträtter</td><td class="tvalue">0,00491 %</td></tr><tr><td colspan="2">&nbsp;</td></tr><tr><td colspan="2">Koncernens samlade innehav</td></tr><tr><td>&nbsp;-&nbsp;antal rösträtter</td><td class="tvalue">38&nbsp;565&nbsp;731</td></tr><tr><td>&nbsp;-&nbsp;andel av rösträtter</td><td class="tvalue">4,72713&nbsp;%</td></tr><tr><td colspan="2">&nbsp;</td></tr><tr><td colspan="2"><b>Kommentar</b></td></tr><tr><td colspan="2">The disclosure obligation arose due to voting rights attached to shares for BlackRock, Inc. going above 5%.</td></tr><tr><td colspan="2">&nbsp;</td></tr></tbody></table><a class="undisclosed" name="undisclosed">*</a> Uppgiftslämnaren har valt att inte uppge detta.<br><br><br>Innehavare rapporterar flaggning via <a href="http://fi.se">fi.se</a>. Innehållet i flaggningsmeddelandet svarar innehavaren för.<br>Informationen skickades av Cision och finns även i FI:s databas Börsinformation, <a href="http://www.fi.se/borsinformation">www.fi.se/borsinformation</a>.</div></div><div><img border="0" width="575" src="http://mb.cision.com/Public/13135/0/9287b61ccc5d0383_org.gif" alt="---" height="1"></div></div></div>