Loomis Interim report April – June 2017
April – June 2017
Revenue for the second quarter increased to SEK 4,346 million (4,147). Organic growth was 2 percent (6) and real growth was 2 percent (8).
Loomis operating income (EBITA)1) amounted to SEK 517 million (444) and the operating margin was 11.9 percent (10.7).
Income before taxes amounted to SEK 463 million (398) and income after taxes was SEK 332 million (286).
Earnings per share before and after dilution amounted to SEK 4.41 (3.81).
Cash flow from operating activities amounted to SEK 437 million (513), equivalent to 85 percent (116) of operating income (EBITA).
January – June 2017
Revenue for the first half of 2017 amounted to SEK 8,625 million (8,179). Organic growth was 2 percent (6) and real growth was 2 percent (7).
Loomis operating income (EBITA)1) amounted to SEK 979 million (819) and the operating margin was 11.3 percent (10.0).
Income before taxes amounted to SEK 868 million (725) and income after taxes was SEK 622 million (525).
Earnings per share before and after dilution amounted to SEK 8.26 (6.98).
Cash flow from operating activities amounted to SEK 752 million (609), equivalent to 77 percent (74) of operating income (EBITA).
“Loomis’ positive development continued in the second quarter of 2017. The Loomis Model continues to create value for our stakeholders and provides us with a stable foundation for the future. At our capital markets day, on September 28, 2017, we will present an updated strategy and new financial targets. I look forward to describing Loomis’ next steps and to present our future opportunities”, 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 27, 2017
|Patrik Andersson||Anders Haker|
|President and CEO
|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 around 24,000 people and had revenue in 2016 of SEK 16.8 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 27th, 2017.