Continued strong organic growth in US for Loomis
“Organic growth in the USA was 10 percent, the highest organic growth for a single quarter since the listing in 2008."
"Investments made in cash management services (CMS) on the US market, which is important to us, have been successful. An increased proportion of CMS and the group-wide efforts to improve quality and efficiency continues to yield good financial results”, stated Lars Blecko, CEO of Loomis on release of Q4 results.
October – December 2015
Revenue for the fourth quarter amounted to SEK 4,144 million compared to SEK 3,714 million for the corresponding period the previous year. Organic growth was 3 percent (2) and real growth was 5 percent (18).
Loomis operating income (EBITA)1) amounted to SEK 479 million (389) and the operating margin was 11.6 percent (10.5).
Income before taxes amounted to SEK 415 million (361) and income after taxes was SEK 299 million (260).
Earnings per share before and after dilution amounted to SEK 3.97 (3.45).
Cash flow from operating activities amounted to SEK 384 million (379), equivalent to 80 percent (97) of operating income (EBITA).
January – December 2015
Revenue for the year amounted to SEK 16,097 million (13,510). Organic growth was 2 percent (3) and real growth was 7 percent (14).
Loomis operating income (EBITA)1) amounted to SEK 1,703 million (1,370) and the operating margin was 10.6 percent (10.1).
Income before taxes amounted to SEK 1,461 million (1,240) and income after taxes was SEK 1,069 million (910).
Earnings per share before and after dilution amounted to SEK 14.21 (12.10).
Cash flow from operating activities amounted to SEK 1,264 million (1,161), equivalent to 74 percent (85) of operating income (EBITA).
1)Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue and Items affecting comparability.