Continued margin improvement
January – March 2015
Revenue for the first quarter increased to SEK 3,842 million (2,877). Organic growth was 2 percent (4) and real growth was 17 percent (4).
Loomis operating income (EBITA)1) amounted to SEK 345 million (242) and the operating margin was 9.0 percent (8.4).
Income before taxes amounted to SEK 281 million (210) and income after taxes was SEK 205 million (151).
Earnings per share before and after dilution amounted to SEK 2.73 (2.00).
Cash flow from operating activities amounted to SEK 295 million (11), equivalent to 85 percent (5) of operating income (EBITA).
“Loomis started the year well and I am happy to report that we have had yet another quarter of continuous improvements. Our constant focus on efficiency improvements by consistently working according to the Loomis Model is the main reason we are able to improve both our revenue and operating margin during the quarter”, states Loomis President and CEO Jarl Dahlfors.
1) Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue and Items affecting comparability.
President and CEO
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Loomis offers secure and effective comprehensive solutions for the distribution, handling, storage and recycling of cash and other valuables. Loomis’ customers are banks, retailers and other companies. Loomis operates through an international network of around 400 branches in more than 20 countries. Loomis employs around 21,000 people and had revenue in 2014 of SEK 13.5 billion. Loomis is listed on NASDAQ OMX Stockholm Large-Cap list.
Loomis AB discloses the information provided herein pursuant to the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 15.00 am CET on May 6th, 2015.