STOCKHOLM, July 21,
2023 /PRNewswire/ -- Historically high revenues
and strong operating income
For the first quarter ever, Loomis reported revenues above
SEK 7 billion, with organic growth
for all segments. The operating profit (EBITA) increased to
SEK 752 million (620), corresponding
to a margin of 10.6 percent (10.0). The margin was positively
impacted by increased volumes, higher efficiencies and price
adjustments but was offset by continued inflationary pressure and
recruitment-related costs.
Comments on quarter 2
- Revenue for the second quarter was SEK
7,072 million (6,217). Real growth was 8.3 percent (17.7) of
which organic growth was 7.7 percent (16.1).
- Operating income (EBITA)1) for the quarter was
SEK 752 million (620) and operating
margin (EBITA) was 10.6 percent (10.0).
- Operating income (EBIT) before items affecting comparability
for the quarter was SEK 709 million
(539) and operating margin (EBIT) before items affecting
comparability was 10.0 percent (8.7).
- Income before taxes for the quarter was SEK 552 million (438) and net income was
SEK 357 million (296).
- Earnings per share before dilution for the quarter were
SEK 5.02 (4.02) and after dilution
5.01 (4.02).
- Cash flow from operating activities2) amounted to
SEK 273 million (644) in the quarter,
equivalent to 36 percent (104) of operating income (EBITA).
- Loomis takes strategic step by entering into an agreement to
acquire Cima S.p.A.
1) Earnings Before Interest, Taxes,
Amortization of acquisition-related intangible fixed assets,
Acquisition-related costs and revenue and Items affecting
comparability.
2) Cash flow from operating activities
is exclusive of impact from IFRS 16.
This press release is also available on the company's website,
www.loomis.com
CONTACT:
Jenny Boström
Head of Sustainability and IR
Mobile: +46 79 006 45 92
Email: jenny.bostrom@loomis.com
The following files are available for download:
https://mb.cision.com/Main/51/3808084/2198743.pdf
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Loomis Interim Report
January-June 2023
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https://mb.cision.com/Public/51/3808084/9e694ff403a2698c.pdf
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Loomis Interim Report
January-June 2023 - press release
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SOURCE Loomis AB