SOLNA, Sweden, Nov. 5, 2020 /PRNewswire/ --
Third quarter 2020
Revenue for the third quarter amounted to SEK 4,709 million (5,492). Real growth was -7
percent (6) and organic growth was -9 percent (3).
Loomis operating income (EBITA)1 amounted to
SEK 517 million (737) and the
operating margin was 11.0 percent (13.4). Excluding Loomis Pay, the operating margin was 11.5
percent (13.4).
Income before taxes amounted to SEK 361
million (660) and income after taxes was SEK 246 million (492).
Earnings per share before and after dilution amounted to
SEK 3.27 (6.54).
Cash flow from operating activities2 amounted to
SEK 587 million (712), equivalent to
117 percent (99) of operating income (EBITA).
The ongoing coronavirus pandemic had an overall negative impact
on revenue and operating income during the quarter. The significant
differences compared to the third quarter of 2019 are related to
the pandemic.
Due to the coronavirus pandemic, several restructuring programs
have been initiated in Europe to
improve efficiency and increase the operating margin.
Nine months 2020
Revenue for the period amounted to SEK
14,277 million (15,702). Real growth was -8 percent (5) and
organic growth was -10 percent (3).
Loomis operating income (EBITA)1 amounted to
SEK 1,308 million (1,908) and the
operating margin was 9.2 percent (12.2). Excluding Loomis Pay, the operating margin was 9.4 percent
(12.2).
Income before taxes amounted to SEK 893
million (1,658) and income after taxes was
SEK 613 million (1,239).
Earnings per share before and after dilution amounted to
SEK 8.15 (16.47).
Cash flow from operating activities2 amounted to
SEK 1,856 million (1,732), equivalent
to 147 percent (93) of operating income (EBITA).
Overall, the ongoing coronavirus pandemic had a limited negative
impact on revenue and operating income during the first quarter. In
the second and third quarters both revenue and operating income
were affected by the pandemic.
Due to the ongoing corona pandemic, Loomis believes the
previously communicated revenue target, of SEK 24 billion for 2021, will likely not be
achieved. As the market conditions for 2021 are still uncertain,
due to the pandemic, Loomis has decided to remove the revenue
target.
The Board of Directors proposes a dividend of SEK 5.50 per share (10.00) for 2019.
1Earnings Before Interest, Taxes,
Amortization of acquisition-related intangible fixed assets,
Acquisition-related costs and revenue and Items affecting
comparability.
2The key financial number and the ratio are
reported exclusive of impact from IFRS 16.
CONTACT:
Anders
Haker
Chief Investor Relations Officer
Mobile: +1 281 795 8580
E-mail: anders.haker@loomis.com
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http://news.cision.com
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The following files are available for download:
https://mb.cision.com/Main/51/3231726/1330946.pdf
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Loomis publishes the
interim report for January â€" September 2020 and removes the
revenue target for 2021
|
https://mb.cision.com/Public/51/3231726/8e956cc54c4b5eb9.pdf
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Loomis Interim Report
January-September 2020 - press release
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SOURCE Loomis AB