United States

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.