Continued strong organic growth in the USA

January – March 2016
Revenue for the first quarter increased to SEK 4,032 million (3,842). Organic growth was 5 percent (2) and real growth was 7 percent (17).

Loomis operating income (EBITA)[1] amounted to SEK 376 million (345) and the operating margin was 9.3 percent (9.0).

Income before taxes amounted to SEK 327 million (281) and income after taxes was SEK 239 million (205).

Earnings per share before and after dilution amounted to SEK 3.17 (2.73).

Cash flow from operating activities amounted to SEK 96 million (295), equivalent to 26 percent (85) of operating income (EBITA).

“Loomis has had a stable start of the year and I state that we have another quarter of organic growth and margin improvement. Our strategic priorities and operational efficiency improvements continue to deliver positive results. During the quarter the USA in particular demonstrated strong development, with record high organic growth and an improved operating margin”, states Lars Blecko, CEO of Loomis.

[1] Earnings before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue and Items affecting comparability.

  
May 2nd, 2016
  

Lars Blecko Anders Haker
CEO and President Loomis USA CFO and President Loomis AB
   
Cell: +1 832 205 2896 Cell: +46 708 108 559
E-mail: lars.blecko@us.loomis.com E-mail: anders.haker@loomis.com

   
Loomis offers safe 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 more than 23,000 people and had revenue in 2015 of SEK 16 billion. Loomis is listed on Nasdaq 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 3.00pm CEST on May 2nd, 2016.

Loomis AB, Gamla Brogatan 36-38 2nd floor, P.O Box 702, SE-101 33 Stockholm, Sweden
Switchboard: +46 8 522 920 00, www.loomis.com

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About Us

Loomis offers safe 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 more than 400 branches in more than 20 countries. Loomis employs around 24,000 people and had revenue in 2017 of SEK 17.2 billion. Loomis is listed on Nasdaq Stockholm Large-Cap list.