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Continued margin improvement

First six-months period 2012

Loomis’ operating income (EBITA)1) for the first six months of 2012 amounted to MSEK 437 (374), including exchange rate effects of MSEK 12. The operating margin increased to 7.6 percent (7.2).

  • Revenue during the period amounted to MSEK 5,720 (5,210). Organic growth amounted to 1 percent (1)
  • Income before taxes amounted to MSEK 377 (249) and net income after taxes amounted to MSEK 264 (168)
  • Cash flow from operating activities amounted to MSEK 185 (190), which is equivalent to 42 percent (51) of operating income (EBITA)
  • Earnings per share before dilution were SEK 3.62 (2.31), and Earnings per share after dilution were SEK 3.49 (2.23).

Second quarter 2012

Operating income (EBITA)1) for the second quarter amounted to MSEK 225 (195), including exchange rate effects of MSEK 9. The operating margin increased to 7.8 percent (7.3).

  • Revenue during the second quarter amounted to MSEK 2,898 (2,683). Organic growth amounted to -1 percent (2)
  • Income before taxes during the second quarter amounted to MSEK 188 (98) and net income after taxes amounted to MSEK 131 (65)
  • Cash flow from operating activities amounted to MSEK 127 (113), which is equivalent to 56 percent (58) of operating income (EBITA)
  • Earnings per share before dilution were SEK 1.80 (0.89), and Earnings per share after dilution were SEK 1.74 (0.86).

“The improved operating income is due to an increased level of efficiency in both our segments: Europe and USA. The development of the operating margin, which for the rolling 12-months period was 8.5 percent (8.2), shows that we are well on the way towards our target, an operating margin of 10 percent by 2014, at the latest” 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.

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