Loomis will appeal court decision in Denmark

As previously disclosed, in 2018 a competitor filed a lawsuit against Loomis AB’s Danish subsidiaries, relating to alleged competition law infringements in the Danish market. A Danish court has today issued an appealable decision against Loomis. The decision relates to practices applied and agreements entered into between 2014 and 2016.

Loomis will appeal today´s decision since Loomis is of the firm opinion that Loomis has acted in compliance with relevant laws.

The court has in its decision not considered the question of damages (the competitor´s total claim is DKK 228 million plus interest), as this is only expected to be addressed in a separate process after the appeal process has been finalized.

This press release is also available on the company’s website, www.loomis.com.

30 August 2021

Patrik Andersson
President and CEO 

Mobile: +46 76 111 34 00   
Email: patrik.andersson@loomis.com

Kristian  Ackeby
CFO

Mobile: +46 70 569 69 98   
Email: kristian.ackeby@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 persons set out above, at 5.15 p.m. CEST on August 30, 2021.