Historically high revenues and strong operating income
For the first quarter ever, Loomis reported revenues above
Comments on quarter 2
- Revenue for the second quarter was
SEK 7,072 million (6,217). Real growth was 8.3 percent (17.7) of which organic growth was 7.7 percent (16.1). -
Operating income (EBITA)1) for the quarter was
SEK 752 million (620) and operating margin (EBITA) was 10.6 percent (10.0). -
Operating income (EBIT) before items affecting comparability for the quarter was
SEK 709 million (539) and operating margin (EBIT) before items affecting comparability was 10.0 percent (8.7). -
Income before taxes for the quarter was
SEK 552 million (438) and net income wasSEK 357 million (296). -
Earnings per share before dilution for the quarter were
SEK 5.02 (4.02) and after dilution 5.01 (4.02). -
Cash flow from operating activities2) amounted to
SEK 273 million (644) in the quarter, equivalent to 36 percent (104) of operating income (EBITA). - Loomis takes strategic step by entering into an agreement to acquire Cima S.p.A.
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
Jenny Boström
Head of Sustainability and IR
Mobile: +46 79 006 45 92
Email: jenny.bostrom@loomis.com
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 2022 of more than
This information is information that
https://news.cision.com/loomis-ab/r/loomis-interim-report-january---june-2023,c3808084
https://mb.cision.com/Main/51/3808084/2198743.pdf
https://mb.cision.com/Public/51/3808084/9e694ff403a2698c.pdf
(c) 2023 Cision. All rights reserved., source