Securitas falls on weak FCF generation after in-line Q1 earnings
** Shares in Securitas SECUb.ST fall 3.5% with analysts pointing to weak free cash flow (FCF) generation after the Swedish security services group posted in-line Q1 earnings
** Q1 operating income before amortization came in at SEK 2.36 billion ($216.67 million), broadly in line with SEK 2.33 billion seen in a company-compiled consensus
** ABG Sundal Collier analyst Stefan Knutsson says the drop is related mainly to weaker FCF generation and uncertainty about Europe's profitability
** The company said in a statement it faced challenges in its airport security business in Europe
** Jefferies also says FCF generation is weak, as expected
** The broker adds the stronger organic growth is largely driven by pricing and is offset by weaker margins
** The stock is one of the worst performers on STOXX 600 index .STOXX
($1 = 10.8921 Swedish crowns)
Reporting by Jagoda Darlak
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