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US CMS and UK Acquisition drive growth

April – June 2015
Revenue for the second quarter increased to SEK 3,944 million (3,319). Organic growth was 1 percent (4) and real growth was 6 percent (14).

Loomis operating income (EBITA)1) amounted to SEK 397 million (333) and the operating margin was 10.1 percent (10.0).

Income before taxes amounted to SEK 320 million (303) and income after taxes was SEK 236 million (222).

Earnings per share before and after dilution amounted to SEK 3.14 (2.95).

Cash flow from operating activities amounted to SEK 206 million (387), equivalent to 52 percent (116) of operating income (EBITA).

January – June 2015
Revenue for the first half of 2015 amounted to SEK 7,786 million (6,196). Organic growth was 2 percent (4) and real growth was 11 percent (9).

Loomis operating income (EBITA)1) amounted to SEK 741 million (575) and the operating margin was 9.5 percent (9.3).

Income before taxes amounted to SEK 601 million (513) and income after taxes was SEK 442 million (373).

Earnings per share before and after dilution amounted to SEK 5.87 (4.95).

Cash flow from operating activities amounted to SEK 501 million (398), equivalent to 68 percent (69) of operating income (EBITA).

“We have taken several steps forward over the past quarter and the CMS growth in the USA contributes strongly to the Group’s total growth. The acquisition of the retail cash handling operations from Cardtronics in the UK will positively impact growth in Europe. Our margin-enhancing activities, performed in accordance with the Loomis model, continue to yield results both in the USA and in Europe”, 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.

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