Loomis AB Publ Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 05, 2020 at 02:01 am EST
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Loomis AB publ announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was SEK 4,709 million compared to SEK 5,492 million a year ago. Operating income was SEK 414 million compared to SEK 700 million a year ago. Operating income was SEK 414 million compared to SEK 737 million a year ago. Operating income was SEK 517 million compared to SEK 700 million a year ago. Operating income was SEK 517 million compared to SEK 737 million a year ago. Net income was SEK 246 million compared to SEK 492 million a year ago. Basic earnings per share from continuing operations was SEK 3.27 compared to SEK 6.54 a year ago. For the nine months, total revenue was SEK 14,277 million compared to SEK 15,702 million a year ago. Operating income was SEK 1,054 million compared to SEK 1,813 million a year ago. Operating income was SEK 1,054 million compared to SEK 1,908 million a year ago. Operating income was SEK 1,308 million compared to SEK 1,813 million a year ago. Operating income was SEK 1,308 million compared to SEK 1,908 million a year ago. Net income was SEK 613 million compared to SEK 1,239 million a year ago. Basic earnings per share from continuing operations was SEK 8.15 compared to SEK 16.47 a year ago.
Loomis AB is a Sweden-based holding company, which delivers a range of solutions for cash handling services primarily to financial institutions, retailers, other commercial enterprises and the public sector. Its offerings include Cash in Transit services, encompassing cash transportation services mainly used by banks and business enterprises carried out by a fleet of vehicles transporting cash to and from retailers, banks, safe deposit boxes and automated teller machines, and Cash Management services, such as counting, analysis, planning, reporting and authenticity and quality control of bills and coins. The Company has over 200 cash processing centers. It operates through a network of 400 branches located across numerous countries, including Argentina, Austria, the Czech Republic, Denmark, Finland, France, Norway, Portugal, Slovenia, Slovakia, Spain, Switzerland, Turkey, the United Kingdom, and the United States. It operates VIA MAT Holding AG and Intermarketing Oy as subsidiaries.
LOOMIS AB 
