Continued profitable growth
For the third quarter 2023, Loomis reported record revenues of
Comments on quarter 3
- Revenue for the third quarter was
SEK 7,408 million (6,739). Real growth was 6.9 percent (15.9) of which organic growth was 6.3 percent (15.5). -
Operating income (EBITA)1) for the quarter was
SEK 814 million (845) and includes non-recurring items of SEK −78 million. The operating margin (EBITA) was 11.0 percent (12.5). -
Operating income (EBIT) before items affecting comparability for the quarter was
SEK 774 million (808) and operating margin (EBIT) before items affecting comparability was 10.4 percent (12.0). -
Income before taxes for the quarter was
SEK 596 million (708) and net income wasSEK 421 million (503). -
Earnings per share for the quarter before dilution f were
SEK 5.92 (6.92) and after dilution 5.90 (6.91). -
Cash flow from operating activities2) amounted to
SEK 736 million (911) in the quarter, equivalent to 90 percent (108) of operating income (EBITA). -
The strategic acquisition of Cima S.p.A., that was announced in the third quarter, was closed in October.
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
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https://mb.cision.com/Main/51/3862311/2386210.pdf
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