Danish court rules against Loomis

As previously disclosed, in 2018 a competitor filed a lawsuit against Loomis AB's subsidiary in Denmark relating to alleged competition law infringements in the Danish market. The lawsuit relates to practices applied and agreements entered into between 2014 and 2016.

In 2021, a Danish court issued a ruling that went against Loomis. Loomis appealed the ruling since the company is of the firm opinion that Loomis has acted in compliance with relevant laws. Today, the court of appeal dismissed Loomis’ appeal.

The court has in its decision not considered the question of damages, which will be addressed in a separate process. As previously disclosed, the competitor's total claim is approx. DKK 228 million plus interest. Loomis’ assessment is that the competitor does not have grounds for the size of these claims.

Loomis is analyzing the court’s decision and will evaluate the next steps.

This press release is also available on the company's website, www.loomis.com.

Jenny Boström
Head of Sustainability and IR

Mobile: +46 79 006 45 92
Email: jenny.bostrom@loomis.com

Loomis offers secure and effective comprehensive solutions for managing payments, including the distribution, handling, storage and recycling of cash and other valuables. Loomis’ customers are mainly financial institutions and retailers. Loomis operates through an international network of around 400 branches in more than 20 countries. Loomis employs around 25,000 people and had revenue in 2023 of more than SEK 28 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. The information was submitted for publication, through the agency of the contact person set out above, at 11.30 a.m. CET on March 22, 2024.