Loomis full-year report January - December 2021

Rhea-AI Summary

Loomis reported strong financial results for Q4 2021, with revenue increasing to SEK 5,325 million, a 15% real growth. Operating income (EBITA) rose to SEK 594 million, improving the operating margin to 11.2%. For the full year, revenue reached SEK 19,723 million, with real growth of 10% and operating income at SEK 1,961 million. Earnings per share before dilution surged to SEK 14.74. The company proposed an increased dividend of SEK 8.50 per share.

Positive

• Q4 2021 revenue increased to SEK 5,325 million, up 15% from previous year.
• Operating income (EBITA) for Q4 reached SEK 594 million, an increase from SEK 467 million.
• Operating margin improved to 11.2%, up from 10.3% in Q4 2020.
• Full-year revenue rose to SEK 19,723 million, a 10% increase.
• Proposed dividend for 2021 is SEK 8.50, up from SEK 6.00.

Negative

• Cash flow from operating activities decreased to SEK 1,620 million in 2021 from SEK 2,218 million in 2020.
• Total cash flow from operating activities was 83% of operating income, down from 125%.

SOLNA, Sweden, Feb. 3, 2022 /PRNewswire/ -- Quarter 4, 2021
Revenue for the fourth quarter amounted to SEK 5,325 million (4,537). Real growth was 15 percent
(-7) and organic growth was 11 percent (-9).

Operating income (EBITA)¹⁾ amounted to SEK 594 million (467) and the operating margin was 11.2 percent (10.3). Excluding Loomis Pay the operating margin was 12.1 percent (11.0).

Income before taxes amounted to SEK 500 million (203) and income after taxes was SEK 359 million (103).

Earnings per share before and after dilution amounted to SEK 4.82 (1.37).

Cash flow from operating activities²⁾ amounted to SEK 433 million (362), equivalent to 73 percent (78) of operating income (EBITA).

The ongoing coronavirus pandemic had, overall, less negative impact on revenue and operating income compared to the fourth quarter 2020.

During the period 825,000 own shares were repurchased.

Full-year, 2021

Revenue for the period amounted to SEK 19,723 million (18,813). Real growth was 10 percent (-8) and organic growth was 6 percent (-9).

Operating income (EBITA)¹⁾ amounted to SEK 1,961 million (1,775) and the operating margin was 9.9 percent (9.4). Excluding Loomis Pay the operating margin was 10.7 percent (9.8).

Income before taxes amounted to SEK 1,545 million (1,096) and income after taxes was SEK 1,104 million (716).

Earnings per share before dilution amounted to SEK 14.74 (9.52) and after dilution 14.73 (9.52).

Cash flow from operating activities²⁾ amounted to SEK 1,620 million (2,218), equivalent to 83 percent (125) of operating income (EBITA).

The ongoing coronavirus pandemic had, during the first quarter this year, a negative impact on revenue and operating income compared to the first quarter 2020. During the remainder of 2021, the overall impact on revenue and operating margin, from the pandemic, was lower compared to the corresponding quarters 2020.

Dividend, for 2020, of SEK 6.00 per share (5.50) was distributed during the second quarter. The Board of Directors proposes a dividend, for 2021, of SEK 8.50 per share (6.00).

During 2021 a total of 1,379,985 own shares were repurchased.

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.

February 3, 2022 

CONTACT:

Anders Haker
Chief Investor Relations Officer

Mobile: +1 281 795 8580
E-mail: anders.haker@loomis.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/loomis-ab/r/loomis-full-year-report-january---december-2021,c3497997

The following files are available for download:

https://mb.cision.com/Main/51/3497997/1529223.pdf	Loomis full-year report January-December 2021
https://mb.cision.com/Public/51/3497997/be9481c7560bcf89.pdf	Loomis full-year report January-December 2021 - press release

 

View original content:https://www.prnewswire.com/news-releases/loomis-full-year-report-january--december-2021-301474604.html

SOURCE Loomis AB

FAQ

What were Loomis' Q4 2021 revenue figures?

Loomis reported revenue of SEK 5,325 million for Q4 2021.

How did Loomis' operating income change in Q4 2021?

Operating income (EBITA) for Q4 2021 increased to SEK 594 million.

What is the proposed dividend for Loomis for 2021?

The proposed dividend for 2021 is SEK 8.50 per share.

What was Loomis' earnings per share for 2021?

Earnings per share before dilution amounted to SEK 14.74 for 2021.

How did Loomis' cash flow from operating activities perform in 2021?

Cash flow from operating activities for 2021 was SEK 1,620 million, down from SEK 2,218 million in 2020.