Loomis AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 21, 2023 at 02:00 am
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Loomis AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 7,072 million compared to SEK 6,217 million a year ago. Net income was SEK 357 million compared to SEK 296 million a year ago. Basic earnings per share from continuing operations was SEK 5.02 compared to SEK 4.02 a year ago. Diluted earnings per share from continuing operations was SEK 5.01 compared to SEK 4.02 a year ago.
For the six months, sales was SEK 13,884 million compared to SEK 11,844 million a year ago. Net income was SEK 760 million compared to SEK 591 million a year ago. Basic earnings per share from continuing operations was SEK 10.66 compared to SEK 8.02 a year ago. Diluted earnings per share from continuing operations was SEK 10.65 compared to SEK 8.02 a year ago.
Loomis AB is a Sweden-based holding company, which delivers a range of solutions for cash handling services primarily to financial institutions, retailers, other commercial enterprises and the public sector. Its offerings include Cash in Transit services, encompassing cash transportation services mainly used by banks and business enterprises carried out by a fleet of vehicles transporting cash to and from retailers, banks, safe deposit boxes and automated teller machines, and Cash Management services, such as counting, analysis, planning, reporting and authenticity and quality control of bills and coins. The Company has over 200 cash processing centers. It operates through a network of 400 branches located across numerous countries, including Argentina, Austria, the Czech Republic, Denmark, Finland, France, Norway, Portugal, Slovenia, Slovakia, Spain, Switzerland, Turkey, the United Kingdom, and the United States. It operates VIA MAT Holding AG and Intermarketing Oy as subsidiaries.
LOOMIS AB 
