Loomis A B - LOIMY STOCK NEWS

On May 31, 2024, Loomis AB announced that it has cancelled 4,279,829 repurchased treasury shares in accordance with the Annual General Meeting resolution on May 6, 2024. The share capital remains at SEK 376,399,145 as the cancellation was balanced by a bonus issue, transferring funds from non-restricted shareholders' equity. As of May 30, 2024, Loomis AB has repurchased a total of 508,684 shares. The company's current holding is 1,137,637 own shares, and the total number of shares remains unchanged at 71,000,000. Each share holds an equivalent number of votes.

The Board of Directors of Loomis AB has resolved to continue repurchasing shares, authorized by the Annual General Meeting 2024. The repurchase will start on May 7, 2024, and end by June 24, 2024, with a maximum of SEK 200 million. Repurchases will be made on Nasdaq Stockholm within price intervals. Current own shares are 4,908,782, total shares 75,279,829. The repurchase is in line with the general meeting's authorization.

Loomis AB invites shareholders to its annual general meeting on May 6, 2024, with options for in-person attendance or postal voting. The agenda includes resolutions on dividends, election of board members, and authorization for share repurchases and transfers. The Nomination Committee proposes re-election of current board members and a dividend of SEK 12.50 per share.

Loomis AB has repurchased 310,898 shares as part of their ongoing repurchase program, holding 4,519,680 shares, equivalent to 6.0% of outstanding shares. The total number of shares is 75,279,829. The repurchase program may reach up to SEK 200 million and will conclude by April 5, 2024.

Loomis had a record year in 2023 with a 7.8% organic growth, achieving revenues of SEK 28.7 billion. The operating profit increased to SEK 3,077 million for the full year, with a strong performance in the US segment. The company delivered a strong operating cash flow of more than SEK 3 billion for the year, which was 100% of the operating profit. The Board of Directors proposes a dividend of SEK 12.50 per share for 2023.

Loomis AB announces the decision to repurchase shares worth up to SEK 200 million, commencing on February 1, 2024, and ending on April 5, 2024. The company's total holding of its own shares amounts to 4,208,782 out of a total of 75,279,829 shares. The repurchase will be administered by Danske Bank A/S, Danmark, Sverige Filial, and reported via the stock exchange. The purpose of the repurchase aligns with the general meeting's authorization.

Loomis reports record revenues of SEK 7.4 billion for Q3 2023, with solid organic growth. Operating result (EBITA) is 814 million SEK, with a margin of 11.0%. Strategic acquisition of Cima S.p.A. closed in October.

Loomis AB to publish Interim report on October 26, 2023

Loomis AB signs EUR 115 million 2-year Term Loan facility for general corporate purposes, including acquisitions.