Loomis Interim Report January - June 2024
Loomis delivered solid financial results for the second quarter. Revenue exceeded
The operating income (EBITA) of
Comments on Quarter 2
- Revenue for the second quarter was
SEK 7,639 million (7,072). Revenue grew by 8.0 percent (13.8) of which organic growth was 7.0 percent (7.7) and acquisitions contributed with 3.0 percent (0.6). Exchange rate effects on revenue was –1.9 percent (5.4). - Operating income (EBITA) 1) for the quarter was
SEK 887 million (752). The operating margin (EBITA) was 11.6 percent (10.6). - Items affecting comparability in the quarter amounted to SEK –97 million (–13) and relates to costs for further restructuring within Segment Europe and
Latin America and the provision for the administrative fine from theSwedish Financial Supervisory Authority that was communicated in June. - Operating income (EBIT) before items affecting comparability for the quarter was
SEK 834 million (709) and operating margin (EBIT) before items affecting comparability was 10.9 percent (10.0). - Net financial expenses for the quarter were SEK –186 million (–144).
- Income before taxes for the quarter was
SEK 550 million (552) and net income wasSEK 396 million (357). - Earnings per share before dilution for the quarter were
SEK 5.65 (5.02) and after dilution were 5.64 (5.01). - Cash flow from operating activities2) amounted to
SEK 1,113 million (310) in the quarter, equivalent to 126 percent (41) of operating income (EBITA). The cash flow was partially positively impacted by a reversal of the temporary build-up of foreign currency stock over the quarter end in Q1. -
Loomis AB
1) Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue and items affecting comparability.
2) Cash flow from operating activities is exclusive of impact from IFRS 16.
This press release is also available on the company's website, www.loomis.com.
For more information, please contact:
Jenny Boström
Head of Sustainability and IR
jenny.bostrom@loomis.com
+46 79 006 45 92
Loomis offers secure and effective comprehensive solutions for managing payments, including the distribution, handling, storage and recycling of cash and other valuables. Loomis' customers are mainly financial institutions and retailers. Loomis operates through an international network of around 400 branches in more than 20 countries. Loomis employs around 25,000 people and had revenue in 2023 of more than
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