Strong growth and improved operating margin
July – September 2014
Revenue for the third quarter increased to SEK 3,600 million (2,897). Organic growth was 3 percent (4) and real growth was 18 percent (4).
Loomis operating income (EBITA)1) amounted to SEK 406 million (311) and the operating margin was 11.3 percent (10.7).
Income before taxes amounted to SEK 366 million (294) and income after taxes was SEK 278 million (207).
Earnings per share before and after dilution amounted to SEK 3.70 (2.76).
Cash flow from operating activities amounted to SEK 384 million (368), equivalent to 95 percent (119) of operating income (EBITA).
January – September 2014
Revenue for the first nine months amounted to SEK 9,796 million (8,436) and organic growth was 4 percent (1). Real growth amounted to 12 percent (2).
Loomis operating income (EBITA)1) amounted to SEK 981 million (805) and the operating margin increased to 10.0 percent (9.5).
Income before taxes amounted to SEK 878 million (764) and income after taxes was SEK 651 million (539).
Earnings per share before dilution was SEK 8.65 SEK (7.21) and SEK 8.65 SEK (7.15) after dilution.
Cash flow from operating activities amounted to SEK 782 million (637), equivalent to 80 percent (79) of operating income (EBITA).
“I am pleased to present another quarter with strong growth and continued margin improvement. The quarter was characterized by the integration of VIA MAT and a sustained focus on continuous improvements at our branches. The growth is mainly attributable to the acquisition of VIA MAT, implementation of new contracts and strong growth in the USA. The profitability improvement is primarily a result of a strong growth within Cash Management Services and Loomis SafePoint® as well as continuous work to improve efficiency is continuing to yield results”, 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.