A record year with solid growth and strong cash flow
Loomis delivered a record revenue in the fourth quarter with an organic growth of 6.3 percent. Both the US and
The operating profit (EBITA) increased to
Comments on full-year 2023 and quarter 4
- Revenue for the full-year 2023 was
SEK 28,707 million (25,315). Real growth was 9.0 percent (15.9) of which organic growth was 7.8 percent (14.4). Net income full-year 2023 wasSEK 1,495 million (1,602). -
Revenue for the fourth quarter was
SEK 7,415 million (6,731). Real growth was 9.5 percent (12.1) of which organic growth was 6.3 percent (11.8). -
Operating income (EBITA)1) for the quarter was
SEK 794 million (754). The operating margin (EBITA) was 10.7 percent (11.2). -
Items affecting comparability for the quarter amounted to
SEK -101 million (0) mainly relating to impairment of goodwill and effects from the devaluation inArgentina in December. -
Operating income (EBIT) before items affecting comparability for the quarter was
SEK 737 million (745) and operating margin (EBIT) before items affecting comparability was 9.9 percent (11.1). -
Income before taxes for the quarter was
SEK 457 million (619) and net income wasSEK 314 million (508). -
Earnings per share before dilution for the quarter were
SEK 4.41 (7.05) and after dilution were 4.40 (7.04). -
Cash flow from operating activities2) amounted to
SEK 1,326 million (584) in the quarter, equivalent to 167 percent (77) of operating income (EBITA). - Cima S.p.A. included from beginning of October, with positive impact before acquisition accounting.
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The Board of Directors proposes a dividend, for 2023, of
SEK 12.50 per share (12.00). - The Board of Directors has resolved to repurchase shares by virtue of the authorization granted by the annual general meeting 2023.
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
Jenny Boström
Head of Sustainability and IR
Mobile: +46 79 006 45 92
Email: jenny.bostrom@loomis.com
Loomis offers secure and effective comprehensive solutions for managing payments, including the distribution, handling, storage and recycling of cash and other valuables. Loomis' customers are mainly financial institutions and retailers. Loomis operates through an international network of around 400 branches in more than 20 countries. Loomis employs around 25,000 people and had revenue in 2023 of more than
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