Continued margin improvement in Q1
Revenue for the first quarter increased to SEK 3,842 million (2,877). Organic growth was 2 percent (4) and real growth was 17 percent (4).
Loomis operating income (EBITA)1) amounted to SEK 345 million (242) and the operating margin was 9.0 percent (8.4).
Income before taxes amounted to SEK 281 million (210) and income after taxes was SEK 205 million (151).
Earnings per share before and after dilution amounted to SEK 2.73 (2.00).
Cash flow from operating activities amounted to SEK 295 million (11), equivalent to 85 percent (5) of operating income (EBITA).
“Loomis started the year well and I am happy to report that we have had yet another quarter of continuous improvements. Our constant focus on efficiency improvements by consistently working according to the Loomis Model is the main reason we are able to improve both our revenue and operating margin during the quarter”, states Loomis President and CEO Jarl Dahlfors.
1) Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue and Items affecting comparability.