Organic growth, strong cash flow and proposed increased dividend

October – December 2013
Revenue for the fourth quarter amounted to SEK 2,928 million (2,852) and both real growth and organic growth were 3 percent (2 and 0 respectively).

Operating income (EBITA)1)for the period amounted to SEK 295 million (310) million and the operating margin was to 10.1 percent (10.9). Adjusted for the positive non-recurring item of SEK 25 million reported in USA in the fourth quarter of 2012 relating to the revaluation of medical and casualty provisions, the operating margin for the fourth quarter of 2013 was 0.1 percentage points better than the previous year.

Income before taxes was SEK 274 million (321) and income after taxes was SEK 197 million (222).

Earnings per share was SEK 2.62 (3.04) before dilution and SEK 2.62 (2.93) after dilution.

Cash flow from operating activities amounted to SEK 321 million (313), equivalent to 109 percent (101) of operating income (EBITA)1).

January - December 2013
Revenue for the full-year 2013 amounted to SEK 11,364 million (11,360). Real growth was 2 percent (3) and organic growth was 2 percent (0).

Operating income (EBITA)1)for the period amounted to SEK 1 099 million (1 019) and the operating margin improved to 9.7 percent (9.0).

Income before taxes was SEK 1,038 million (932) and income after taxes was SEK 736 million (650).

Earnings per share was SEK 9.83 (8.90) before dilution and SEK 9.78 (8.60) after dilution.

Cash flow from operating activities amounted to SEK 957 million (860), equivalent to 87 percent (84) of operating income (EBITA)1).

The Board of Directors proposes a dividend for 2013 of SEK 5.00 (4.50) per share.

“The trend with annual improvement in our operating margin is continuing and we are well on our way to achieving our goal of an operating margin of 10 percent in 2014. 2013 was our most successful year since the listing in 2008 both in terms of operating margin and net income“, states Loomis President and CEO Jarl Dahlfors.

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

4.2.2014
 

Jarl Dahlfors
President and CEO
Mobile phone: +46 70 607 20 51
E-mail: jarl.dahlfors@loomis.com   

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

Loomis offers safe and effective comprehensive solutions for the distribution, handling and recycling of cash for banks, retailers and other commercial companies via an international network consisting of almost 400 branch offices in 16 countries. Loomis has 20 000 employees and annual revenue of 11 billion Swedish kronor. Loomis is a midcap listed company on NASDAQ OMX Stockholm.

Loomis AB discloses the information provided herein pursuant to the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 8.00 a.m. (CET) on February 4th 2014.

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