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Loomis AB (LOOMb.ST)

LOOMb.ST on Stockholm Stock Exchange

329.90SEK
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Latest Key Developments (Source: Significant Developments)

Loomis sets new financial targets, ups profitability goal
Thursday, 28 Sep 2017 06:15am EDT 

Sept 28 (Reuters) - Loomis AB :Loomis updates financial targets and outlines strategy for 2018-2021.Says targets can be summarized as follows:.Revenue SEK 24 billion by 2021, including both organic and acquired growth.Operating margin (EBITA) 12-14 pct.Dividend 40-60% of net income.Loomis operating margin target has been 10-12 pct for the 2014-2017 period .Says will bring all three European regions together into one.Says under assumption no dilutive acquisitions are made business is expected to generate an operating margin of approximately 14 per cent by 2021..Says raising estimate of available safepoint market in us from 300,000 to 400,000 potential installations..Says annual safepoint installations in us is expected to reach 10,000 during strategy period.Says current european market is estimated to 200,000 potential installations.  Full Article

Loomis acquires Finnish firm Intermarketing in 181 mln SEK deal
Thursday, 28 Sep 2017 06:01am EDT 

Sept 28 (Reuters) - Loomis AB :Loomis acquires Intermarketing Oy in Finland.Says enterprise value, i.e. purchase price less acquired net cash, is approximately EUR 19 million, corresponding to approximately SEK 181 million.Says Intermarketing has approximately 30 employees and annual revenue in 2016 was approximately EUR 9.5 million.says Intermarketing provides cash recycling solutions to customers in the bank and retail sector and is based in Helsinki, Finland.  Full Article

Loomis Q2 core profit slightly ahead of forecasts
Thursday, 27 Jul 2017 02:00am EDT 

July 27 (Reuters) - Loomis AB :Q2 revenue increased to SEK 4,346 million (4,147)..Q2 organic growth was 2 percent (6) and real growth was 2 percent (8)..Q2 Loomis operating income (EBITA), adjusted, amounted to SEK 517 million (444) and operating margin was 11.9 percent (10.7)..Q2 income before taxes amounted to sek 463 million (398) and income after taxes was sek 332 million (286)..Says at our capital markets day, on september 28, 2017, we will present an updated strategy and new financial targets.Reuters poll: Loomis Q2 organic growth was seen at 2.4 percent, adjusted EBITA at 504 million SEK.  Full Article

Loomis Q1 EBITA beats expectations
Thursday, 4 May 2017 09:00am EDT 

May 4 (Reuters) - Loomis Ab :Q1 operating income (ebita)1 amounted to sek 462 million (376).Says organic growth was 3 percent (5).Reuters poll: loomis q1 organic growth was seen at 3.8 percent, adjusted ebita at 439 million sek.Loomis ab says we are well on our way to reaching the financial targets we set for the full year 2017.Loomis ab says it is our view that the negative growth in the uk has now leveled out and stabilized.  Full Article

Loomis Q4 adjusted EBITDA in line with forecast
Wednesday, 1 Feb 2017 02:00am EST 

Loomis Ab : Improved profitability and proposed increased dividend to sek 8.00 per share . Loomis ab q4 organic growth was 4 percent (3) and real growth was 4 percent (5) . Loomis q4 adjusted. Ebita amounted to sek 543 million . Reuters poll: loomis q4 organic growth was seen at 2.5 percent, adjusted ebita at 542 million sek, dividend at sek 8.19per share Further company coverage: [LOOMb.ST] (Reporting By Johan Ahlander) ((johan.ahlander@thomsonreuters.com;)).  Full Article

Loomis acquires Cobelguard in Belgium
Friday, 27 Jan 2017 02:00am EST 

Loomis AB : Loomis acquires Cobelguard in Belgium . Says enterprise value, i.e. purchase price plus acquired net debt, is approximately EUR 12 million .Says Cobelguard has approximately 170 employees and annual revenue in 2016 was approximately EUR 12 million.  Full Article

Loomis CEO says SafePoint a major project in Europe going forward
Friday, 4 Nov 2016 05:22am EDT 

Cash handling company Loomis AB CEO Patrik Andersson to analyst and press conference: "SafePoint" concept is going to be a major project in europe going forward, it's a bit trickier in europe than in the us Further company coverage: [LOOMb.ST] (Reporting By Anna Ringstrom) ((Anna.Ringstrom@thomsonreuters.com;)).  Full Article

Cash handler Loomis CEO expects no Brexit effect on operations in UK
Friday, 4 Nov 2016 04:29am EDT 

Cash handling company Loomis AB CEO Patrik Andersson to Reuters: Expects no Brexit effect on operations in UK and has seen positive effect on international operation, UK to remain an important market . Newly signed UK contracts will compensate for the lost contracts which hit Q3 organic growth . Says newly signed UK contracts will fully compensate "in the coming months" . Acquisitions very important part of business, looking primarily at cash handling firms with turnover of 50-100 mln SEK and upwards, including larger acquisitions than those made in recent years . Primarily looking at Latin America for acquisitions in new markets, also looking to enter Asia . Could also enter "blank spots" in Europe Further company coverage: [LOOMb.ST] (Reporting By Anna Ringstrom) ((Anna.Ringstrom@thomsonreuters.com;)).  Full Article

Cash handler Loomis Q3 core profit slightly above expectations
Friday, 4 Nov 2016 03:00am EDT 

Loomis Ab : Q3 organic growth was 3 percent . Q3 loomis operating income (ebita) amounted to sek 528 million (483) and operating margin was 12.6 percent (11.6). . Reuters poll: loomis q3 organic growth was seen at 4.3 percent, adjusted ebita at 521 million sek .Co. says operating margin is the highest Loomis has had for a single quarter since the stock exchange listing in 2008.  Full Article

Loomis says acquires Danish BKS
Friday, 19 Aug 2016 12:00am EDT 

Loomis AB : Says expands in Denmark by acquiring BKS . Says the enterprise value is approximately DKK 250 million, corresponding to approximately SEK 316 million .Says BKS annual revenue in 2015 was approximately DKK 340 million and Loomis Denmark's annual revenue 2015 was approximately DKK 92 million..  Full Article