Loomis Interim Report January – March 2020 and change within Group Management
January – March 2020
Revenue for the first quarter amounted to SEK 5,329 million compared to SEK 5,006 million the corresponding period the previous year. Real growth was 2 percent (5) and organic growth was 0 percent (2).
Loomis operating income (EBITA)1) amounted to SEK 589 million (564) and the operating margin was 11.0 percent (11.3).
Income before taxes amounted to SEK 490 million (509) and income after taxes was SEK 365 million (379).
Earnings per share before and after dilution amounted to SEK 4.85 (5.04).
Cash flow from operating activities2) amounted to SEK 768 million (30), equivalent to 134 percent (5) of operating income (EBITA)2).
As previously communicated, the Board of Directors has resolved to withdraw its proposal on dividend of SEK 11 per share for 2019 and a final decision on distribution of dividend is expected to take place on an extraordinary general meeting when the consequences of the corona pandemic have become more clear.
The on-going corona pandemic had, for the group in total, a limited negative effect on revenues and operating result during the quarter.
Kristoffer Wadman, who currently has the position as Chief Innovation Officer, will leave Group Management and enter into the position as Director of Marketing for Loomis initiatives within digital payment platforms.
1) Taxes, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue and Items affecting comparability.
2) The key financial number and the ratio are reported exclusive of impact from IFRS 16.
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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 25,000 people and had revenue in 2019 of SEK 21.0 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 or publication, through the agency of the contact persons set out above, at 3.00 p.m. CEST on May 6, 2020.