Strong start to the year with record revenues
STOCKHOLM, May 4, 2023
/PRNewswire/ -- Loomis reported record revenues with strong
growth in all segments, supported by a double-digit organic growth.
Higher volumes were the main driver but price increases also
contributed to the organic growth. The operating profit (EBITA)
increased to SEK 717 million (516),
which is our highest operating profit for a first quarter. The
operating margin (EBITA %) increased to 10.5 percent (9.2) and was
positively impacted by increased volumes and price adjustments, but
negatively by a higher cost base.
Comments on quarter 1
- Revenue for the first quarter was SEK
6,812 million (5,627). Real growth was 12.1 percent (18.4)
of which organic growth was 11.7 percent (14.6).
- Operating income (EBITA) 1) for the quarter was
SEK 717 million (516) and operating
margin (EBITA) was 10.5 percent (9.2).
- Operating income (EBIT) before items affecting comparability
for the quarter was SEK 667 million
(463) and operating margin (EBIT) before items affecting
comparability was 9.8 percent (8.2).
- Income before taxes for the quarter was SEK 543 million (406) and net income was
SEK 403 million (295).
- Earnings per share before dilution for the quarter were
SEK 5.64 (4.00) and after dilution
5.64 (4.00).
- Cash flow from operating activities2) amounted to
SEK 719 million (177) in the quarter,
equivalent to 100 percent (34) of operating income (EBITA).
- Loomis AB repurchased 586,000 own shares during the first
quarter.
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
CONTACT:
Jenny Boström
Head of Investor Relations
Mobile: +46 79 006 45 92
Email: jenny.bostrom@loomis.com
The following files are available for download:
https://mb.cision.com/Main/51/3764020/2033909.pdf
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Loomis Interim Report
January-March 2023
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https://mb.cision.com/Public/51/3764020/9e4c92a08bb89fcc.pdf
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Loomis Interim Report
January-March 2023 - press release
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SOURCE Loomis AB