Loomis publishes full-year report for January – December 2020 and removes the operating margin target for 2021

Fourth quarter 2020
Revenue for the fourth quarter amounted to SEK 4,537 million (5,342). Real growth was -7 percent (5), of which organic growth was -9 percent (1).

Loomis operating income (EBITA)¹⁾ amounted to SEK 467 million (693) and the operating margin was 10.3 percent (13.0). Excluding Loomis Pay, the operating margin was 11.0 percent (13.0).

Income before taxes amounted to SEK 203 million (552) and income after taxes was SEK 103 million (407).

Earnings per share before and after dilution amounted to SEK 1.37 (5.42).

Cash flow from operating activities²⁾ amounted to SEK 362 million (325), equivalent to 80 percent (48) of operating income (EBITA).

The ongoing coronavirus pandemic had an overall negative impact on revenue and operating income

during the quarter. The significant differences compared to the fourth quarter of 2019 are related to

the pandemic.

Due to the coronavirus pandemic, several restructuring programs are ongoing in Europe to improve

efficiency and the operating margin.

A dividend of SEK 5.50 per share (10.00) for 2019 was paid out in the fourth quarter.

Successful launch of Loomis Pay, the new platform for digital and cash payments.

Full-year 2020
Revenue for the period amounted to SEK 18,813 million (21,044). Real growth was -8 percent (5), of which organic growth was -9 percent (2).

Loomis operating income (EBITA)¹⁾ amounted to SEK 1,775 million (2,601) and the operating margin was 9.4 percent (12.4). Excluding Loomis Pay, the operating margin was 9.8 percent (12.4).

Income before taxes amounted to SEK 1,096 million (2,210) and income after taxes was
SEK 716 million (1,646).

Earnings per share before and after dilution amounted to SEK 9,52 (21,88).

Cash flow from operating activities²⁾ amounted to SEK 2,218 million (2,057), equivalent to 129 percent (81) of operating income (EBITA).

Overall, the ongoing coronavirus pandemic had a significant negative impact on revenue and operating income for the year.

In light of the continuing corona pandemic that has delayed the recovery in retail and the hospitality

industry, especially in Europe, Loomis´ assessment is that the previously communicated operating margin target, of 12 – 14 percent for 2021, will likely not be achieved. As the market conditions for 2021 are still uncertain, due to the pandemic, Loomis has decided to remove the operating margin target.

The Board of Directors proposes a dividend of SEK 6.00 per share for 2020 (5.50).

¹⁾ Earnings Before Interest, 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.

February 3, 2021

Anders Haker
Chief Investor Relations Officer

Mobile: +1 281 795 8580
E-mail: anders.haker@loomis.com

Loomis offers safe and effective comprehensive solutions for the distribution, handling, storage and recycling of cash and other valuables. Loomis customers are banks, merchants and other operators. Loomis operates through an international network of more than 400 branches in more than 20 countries. Loomis employs around 23,000 people and had revenue in 2020 of approximately SEK 18.8 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 or publication, through the agency of the contact person set out below, at 8.00 a.m. CET on February 3, 2021.