The business will be reported in segment
The current operating margin, EBITA1), is negative and expected to be marginally positive on an integrated basis for FY2022 following the partial realization of synergies. Once fully integrated over 2 years the acquired volumes are anticipated to reach profitability representing a post-synergy purchase multiple of approximately 4 times EBITA.
Including integration and transaction costs, the acquisition is expected to have a dilutive impact on the earnings per share of Loomis in 2021. From full-year 2022 the initial dilution is anticipated to be recovered and the acquisition accretive to pre-acquisition earnings per share.
"Through acquiring the cash handling operations of
1) Earnings before interest, taxes and amortizations
President and CEO
Mobile: +46 76 111 34 00
Email: patrik.andersson@loomis.com
Kristian Ackeby
CFO
Mobile: +46 70 569 69 98
Email: kristian.ackeby@loomis.com
Chief Investor Relations Officer
Mobile: +46 70 810 85 59
Email: anders.haker@loomis.com
Loomis offers safe and effective comprehensive solutions for the distribution, handling, storage and recycling of cash and other valuables. Loomis customers are banks, merchants and other operators. Loomis operates through an international network of more than 400 branches in more than 20 countries. Loomis employs around 23,000 people and had revenue in 2020 of approximately
https://news.cision.com/loomis-ab/r/loomis-acquires-securepost--the-cash-handling-business-of-the-swiss-post-group,c3316751
https://mb.cision.com/Main/51/3316751/1394770.pdf
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