Continued organic growth during the third quarter

January – September 2011
Loomis’ operating income (EBITA) 1) for the first three quarters of 2011 amounted to MSEK 646 (650), including exchange rate effects of MSEK –54. The operating margin amounted to 8.0 percent (7.8).

Revenue during the period amounted to MSEK 8,092 (8,342). Organic growth amounted to 1 percent (–1).

Income before taxes amounted to MSEK 497 (560) and net income after taxes amounted to MSEK 333 (364).

Cash flow from operating activities amounted to MSEK 466 (740), which is equivalent to 72 percent (114) of operating income (EBITA).

Earnings per share before dilution were SEK 4.56 (4.98), and Earnings per share after dilution were SEK 4.41 (4.82).

Third quarter
Operating income (EBITA) 1) for the third quarter amounted to MSEK 273 (271), including exchange rate effects of MSEK –8. The operating margin amounted to 9.5 percent (9.8).

Revenue during the third quarter amounted to MSEK 2,882 (2,765). Organic growth amounted to 1 percent (0).

Income before taxes during the quarter amounted to MSEK 247 (244) and net income after taxes amounted to MSEK 165 (157).

Cash flow from operating activities amounted to MSEK 277 (259), which is equivalent to 102 percent (95) of operating income (EBITA).

Earnings per share before dilution were SEK 2.26 (2.14), and Earnings per share after dilution were SEK 2.18 (2.07).

- The third quarter has been positive, in terms of earnings, key ratios and operations. I am pleased to report that we have experienced organic growth for the second consecutive quarter, which confirms that we are seeing a positive trend, states Loomis President and CEO, Lars Blecko.

1) Earnings Before Interest, Tax, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and Items affecting comparability.

 
07.11.2011

Lars Blecko
President and CEO

Cell number:+46 (0) 70-641 49 10

 
Loomis offers safe and effective comprehensive solutions for the distribution, handling and recycling of cash for banks, retailers and other commercial companies via an international network consisting of more than 390 branch offices in 14 European countries and in the US. Loomis has 20 000 employees and a turnover of 14 billion Swedish kronor. Loomis is a midcap listed company on NASDAQ OMX Stockholm.

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 8.00 a.m. (CET) on November 8th, 2011.

Loomis AB, Vallgatan 11 plan 4, P.O Box 902, SE-170 09 Solna, 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 operators. Loomis operates through an international network of more than 400 branches in more than 20 countries. Loomis employs around 25,000 people and had revenue in 2019 of SEK 21.0 billion. Loomis is listed on Nasdaq Stockholm Large-Cap list.

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The third quarter has been positive, in terms of earnings, key ratios and operations. I am pleased to report that we have experienced organic growth for the second consecutive quarter, which confirms that we are seeing a positive trend.
Lars Blecko, President and CEO