Loomis Interim report January – March 2017

January – March 2017
Revenue for the first quarter amounted to SEK 4,279 million compared to SEK 4,032 million the corresponding period the previous year. Organic growth was 3 percent (5) and real growth was 3 percent (7).

Loomis operating income (EBITA)[1] amounted to SEK 462 million (376) and the operating margin was 10.8 percent (9.3).

Income before taxes amounted to SEK 405 million (327) and income after taxes was SEK 290 million (239).

Earnings per share before and after dilution amounted to SEK 3.85 (3.17).

Cash flow from operating activities amounted to SEK 315 million (96), equivalent to 68 percent (26) of operating income (EBITA).

“The year began well and in the first quarter of 2017 we experienced continued growth and improved operating margin in most of our markets. Organic growth continued in the USA and we are advancing our positions in both cash in transit and cash management services”, states Patrik Andersson, President and CEO of Loomis.

[1] Earnings before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue and Items affecting comparability.

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. The information was submitted for publication, through the agency of the contact persons set out above, at 3.00 p.m. CEST on May 4th, 2017.

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