STOCKHOLM, July 22,
2022 /PRNewswire/ --
Record sales and higher operating margin
Reported revenue is the highest ever and operating profit
continues to grow during the second quarter. Loomis' strong
development is supported by the opening of societies post the
pandemic in Europe, and continued
success for SafePoint in the USA.
Loomis Pay transaction volumes show
an encouraging development, and we have now initiated a pilot in
Spain.
The Group's second quarter organic growth was 16.1 percent
(17.3) and operating margin (EBITA %) was 10.0 percent (9.0). In
terms of organic growth Loomis Group have now reported three
consecutive quarters with higher revenue than before the pandemic
started. Excluding Loomis Pay,
operating margin is 10.8 percent (9.6). The quarter's positive
development confirms Loomis strength despite significant
macroeconomic and geopolitical uncertainties.
Comments on quarter
2
- Revenue for the quarter was SEK 6,217
million (4,779). Real growth was 17.7 percent (22.7) of
which organic growth was 16.1 percent (17.3).
- Operating income1) (EBITA) for the period was
SEK 620 million (428) and EBITA
operating margin was 10.0 percent (9.0). Excluding Loomis Pay, the operating margin amounted to
10.8 percent (9.6).
- Operating income (EBIT) before items affecting comparability
for the period was SEK 539 million
(388) and operating margin (EBIT) before items affecting
comparability was 8.7 percent (8.1).
- Income before taxes SEK 438
million (338) and net income SEK 296
million (251).
- Earnings per share before and after dilution were SEK 4.02 (3.33).
- Cash flow2) from operating activities SEK 644 million (290), equivalent to 104 percent
(68) of operating income (EBITA).
- Loomis AB repurchased 824,000 own shares during the second
quarter.
- The Board of Directors has resolved to continue the repurchase
of own shares that was initiated earlier this year.
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
July 22, 2022
CONTACT:
Kristian Ackeby
Chief Financial Officer
Mobile: +46 70 569 69 98
Email: kristian.ackeby@loomis.com
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/loomis-ab/r/loomis-interim-report-january---june-2022,c3604347
The following files are available for download:
https://mb.cision.com/Main/51/3604347/1606821.pdf
|
Loomis Interim Report
January-June 2022
|
https://mb.cision.com/Public/51/3604347/8a1a16c73a76b58f.pdf
|
Loomis Interim Report
January-June 2022 - press release
|
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SOURCE Loomis AB