Loomis receives decision from the Spanish competition authority

As previously communicated, initially in the interim report dated 2 May 2016, Loomis AB’s Spanish subsidiary, Loomis Spain, and a competitor on the Spanish market have been under investigation by the Spanish competition authority. The authority has now informed Loomis Spain of its decision and has fined Loomis Spain and its competitor. The fine imposed on Loomis Spain amounts to approximately EUR 7 million for alleged market sharing with its competitor.

Loomis maintains that it has acted in compliance with the laws in effect and accordingly disagrees with the content of the decision and the fine imposed. Loomis Spain therefore intends to appeal the decision in the Spanish courts.

November 17, 2016                                

Patrik Andersson
President & CEO

Mobile: +46 76 111 34 00   
E-mail: patrik.andersson@loomis.com

Anders Haker 
CFO

Mobile: +46 70 810 85 59
E-mail: anders.haker@loomis.com

Loomis offers secure 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 more than 23,000 people and had revenue in 2016 of SEK 16 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 8.00 a.m. CET on November 17th, 2016.