2011 - Organic growth and improved margin
Loomis’ operating income (EBITA)1) for 2011 amounted to MSEK 912 (882), including exchange rate effects of MSEK –59. The operating margin amounted to 8.3 percent (8.0).
Revenue for the full year amounted to MSEK 10,973 (11,033). Real growth amounted to 7 percent (–1) and the organic growth amounted to 1 percent (–1).
Income before taxes amounted to MSEK 743 (759) and net income after taxes amounted to MSEK 513 (496).
Cash flow from operating activities amounted to MSEK 700 (938), which is equivalent to 77 percent (106) of operating income (EBITA).
Earnings per share before dilution were SEK 7.03 (6.80), and Earnings per share after dilution were SEK 6.79 (6.57). The Board of Directors of Loomis AB proposes a dividend for 2011 of SEK 3.75 (3.50) per share.
Operating income (EBITA)1) for the fourth quarter amounted to MSEK 266 (232), including exchange rate effects of MSEK –4. The operating margin amounted to 9.2 percent (8.6).
Revenue during the fourth quarter amounted to MSEK 2,881 (2,691). Real growth amounted to 8 percent (0) and the organic growth amounted to 2 percent (0).
Income before taxes during the quarter amounted to MSEK 247 (199) and net income after taxes amounted to MSEK 180 (133).
Cash flow from operating activities amounted to MSEK 234 (198), which is equivalent to 88 percent (85) of operating income (EBITA).
Earnings per share before dilution were SEK 2.47 (1.82), and Earnings per share after dilution were SEK 2.38 (1.75).
- The significant real growth is a result of the acquisitions we made at the end of 2010 and during 2011 while the organic growth is primarily the result of increased market shares as well as an improved pricing of our services in several important countries. The margin improvement is mainly due to a reduction of the non-performing branches, i.e. efficiency improvements, states Loomis’ President and CEO, Lars Blecko.
1 Earnings Before Interest, Tax, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and Items affecting comparability.
Loomis offers safe and effective comprehensive solutions for the distribution, handling and recycling of cash for banks, retailers and other commercial companies via an international network consisting of more than 390 branch offices in 14 European countries and in the US. Loomis has 20 000 employees and a turnover of 11 billion Swedish kronor. Loomis is a midcap listed company on NASDAQ OMX Stockholm.
Loomis AB discloses the information provided herein pursuant to the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 8.00 a.m. (CET) on February 2nd, 2012.