Loomis Interim Report January – March 2024
Continued strong growth and solid US marginsLoomis delivered a strong start to the year with an organic revenue growth of 6.3 percent in the first quarter. Both the US and Europe and Latin America contributed to the development, and we substantially increased our revenues within Automated Solutions. The US segment had a strong performance in the quarter with solid growth and structured work on scalability. The overall business in Europe and Latin America had a more challenging start to the year, and actions are underway for margin recovery. The operating cash flow for the quarter was