Item affecting comparability amounting to MSEK -53 charged in the second quarter
The result for the second quarter 2011 includes an item affecting comparability amounting to MSEK -53 relating to prior periods. The item is related to incorrect valuation of assets and liabilities in Loomis’ Austrian subsidiary, which has been ongoing and accumulated for many years. The errors are not related to the operational handling of customers’ money but involve the financial reporting. As a consequence of uncovering these errors, the entire management inAustriahas been replaced.
The interim report for the second quarter will be released as planned on July 29.
18.07.2011
Lars Blecko, President and CEO
+46 70 641 49 10
Marcus Hagegård, VP Finance
+46 76 843 20 30
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 370 branch offices in 14 European countries and in the US. Loomis has 20 000 employees and a turnover of 11 billion Swedish kronor. Loomis is a midcap listed company on NASDAQ OMX Stockholm.
LoomisABdiscloses 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 08.00 a.m. (CET) on July 18th, 2011