Organic growth and improved operating margin
April – June 2016
Revenue for the second quarter increased to SEK 4,147 million (3,944). Organic growth was 6 percent (1) and real growth was 8 percent (6).
Loomis operating income (EBITA)1) amounted to SEK 444 million (397) and the operating margin was 10.7 percent (10.1).
Income before taxes amounted to SEK 398 million (320) and income after taxes was SEK 286 million (236).
Earnings per share before and after dilution amounted to SEK 3.81 (3.14).
Cash flow from operating activities amounted to SEK 513 million (206), equivalent to 116 percent (52) of operating income (EBITA).
January – June 2016
Revenue for the first half of 2016 amounted to SEK 8,179 million (7,786). Organic growth was 6 percent (2) and real growth was 7 percent (11).
Loomis operating income (EBITA)1) amounted to SEK 819 million (741) and the operating margin was 10.0 percent (9.5).
Income before taxes amounted to SEK 725 million (601) and income after taxes was SEK 525 million (442).
Earnings per share before and after dilution amounted to SEK 6.98 (5.87).
Cash flow from operating activities amounted to SEK 609 million (501), equivalent to 74 percent (68) of operating income (EBITA).
“It gives me great pleasure to present my first interim report as President and CEO of Loomis and to communicate that we have had organic growth and improved operating margins for all segments compared to the same quarter the previous year. Organic growth for the second quarter amounted to 6 percent (1), the highest organic growth for the Group as a hole since it was listed on the stock exchange in 2008”, states Loomis President and CEO Patrik Andersson.
1) Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue and Items affecting comparability.
July 29, 2016
|Patrik Andersson||Anders Haker|
|President and CEO||CFO|
|Mobile: +46 76 111 34 00||Mobile: +46 70 810 85 59|
|E-mail: email@example.com||E-mail: firstname.lastname@example.org|
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 more than 23,000 people and had revenue in 2015 of SEK 16 billion. Loomis is listed on Nasdaq Stockholm Large-Cap list.
This information is information that Loomis AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 8.00 a.m. CEST on July 29th, 2016.