Strong growth and continued margin improvement

January – March 2014
Loomis’ operating income (EBITA) 1) for the first quarter of 2014 amounted to SEK 242 million (218). The operating margin increased to 8.4 percent compared with 8.0 percent in the first quarter of 2013.

The Group’s revenue amounted to SEK 2,877 million (2,706) and organic growth was 4 percent (–2) for the first quarter 2014. Organic growth was 3 percent (–3) in Europe and 5 percent (0) in the USA.

Income before taxes amounted to SEK 210 million (234) and income after taxes was SEK 151 million (165).

Cash flow from operating activities amounted to SEK 11 million (57), equivalent to 5 percent (26) of operating income (EBITA).

Earnings per share was SEK 2.00 (2.24) before dilution and SEK 2.00 (2.19) after dilution.

“The improved operating margin is mainly attributable to an increase in the proportion of cash management services, successful implementation of the contracts that were signed in 2013, and our continuous focus on improving efficiency in our operations. It is gratifying that the business continuous to develop positively both in terms of growth and operating margin. The growth in the USA is the highest growth figure since Loomis was listed on the stock exchange in 2008 and the improvement in operating income for the Group confirms my conviction that we will reach our goal of an operating margin of 10 percent for the existing business for the full year 2014”, 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.

6.5.2014

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 3.00pm CEST on May 6th, 2014.

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