January - December 2012
Loomis’ operating income (EBITA)1) for 2012 amounted to SEK 1,019 million (912), including negative exchange rate effects of SEK 8 million. The operating margin was 9.0 percent (8.3).
Revenue for the full year was SEK 11,360 million (10,973). Real growth was 3 percent (7) and organic growth was 0 percent (1).
Income before taxes was SEK 932 million (743) and income after taxes was SEK 650 million (513).
Cash flow from operating activities amounted to SEK 860 million (700), equivalent to 84 percent (77) of operating income (EBITA).
Earnings per share was SEK 8.90 (7.03) before dilution and SEK 8.60 (6.79) after dilution.
The Board of Directors is proposing a dividend for 2012 of SEK 4.50 (3.75) per share.
Fourth quarter 2012
Operating income (EBITA)1) for the fourth quarter amounted to SEK 310 million (266), including negative exchange rate effects of SEK 7 million. The operating margin increased to 10.9 percent (9.2).
Revenue in the fourth quarter amounted to SEK 2,852 million (2,881). Real growth was 2 percent (8) and organic growth was 0 percent (2).
Income before taxes for the fourth quarter was SEK 321 million (247) and earnings after taxes was SEK 222 million (180).
Cash flow from operating activities was SEK 313 million (234), equivalent to 101 percent (88) of operating income (EBITA).
Earnings per share for the quarter was SEK 3.04 (2.47) before dilution and SEK 2.93 (2.38) after dilution.
“The fourth quarter results were Loomis’ best ever – both for the Group as a whole and for our two segments. The year as a whole was also strong and operating income exceeded 1 billion Swedish crowns for the first time. The positive earnings development in the fourth quarter and for the full year are mainly explained by our continuous efforts to improve efficiency and by the effect of the acquisition of Pendum’s cash handling operations in the USA, which are now clearly showing results,” states Loomis’ President and CEO Lars Blecko.
He also emphasizes the fact that Loomis is well on its way to reaching the margin target of 10 percent by 2014 at the latest.
1) Earnings before interest, taxes, amortization of acquisition-related intangible fixed assets, acquisition-related costs and revenue and items affecting comparability.