Loomis interim report January - June 2021

Rhea-AI Summary

Loomis AB reported a robust performance in Q2 2021, with revenues reaching SEK 4,779 million, a 23% increase in real growth. Operating income (EBITA) surged to SEK 428 million, resulting in a 9.0% operating margin. Income before taxes was SEK 338 million, and earnings per share rose to SEK 3.33. Over six months, revenue totaled SEK 9,262 million, with an operating income of SEK 786 million. Despite previous impacts of the coronavirus pandemic, the company noted a significantly lower adverse effect on its financials compared to 2020.

Positive

• Q2 2021 revenue increased to SEK 4,779 million, up 23% year-over-year.
• Operating income (EBITA) rose to SEK 428 million, with an operating margin of 9.0%.
• Earnings per share increased to SEK 3.33, compared to SEK 0.02 in the previous year.
• Income before taxes improved to SEK 338 million from SEK 42 million.

Negative

• Six-month revenue decreased to SEK 9,262 million from SEK 9,567 million.
• Cash flow from operating activities dropped to SEK 632 million from SEK 1,269 million.

SOLNA, Sweden, July 23, 2021 /PRNewswire/ --

Quarter 2, 2021

Revenue for the second quarter amounted to SEK 4,779 million (4,239). Real growth was 23 percent (-18) and organic growth was 17 percent (-20).

Loomis operating income (EBITA)¹⁾ amounted to SEK 428 million (202) and the operating margin was 9.0 percent (4.8). Excluding Loomis Pay the operating margin was 9.6 percent (5.1).

Income before taxes amounted to SEK 338 million (42) and income after taxes was SEK 251 million (2).

Earnings per share before and after dilution amounted to SEK 3.33 (0.02).

Cash flow from operating activities²⁾ amounted to SEK 290 million (501), equivalent to 68 percent (248) of operating income (EBITA).

Overall, the ongoing coronavirus pandemic had a significantly lower negative impact on revenue and operating income compared to the corresponding quarter 2020.

Six months, 2021

Revenue for the period amounted to SEK 9,262 million (9,567). Real growth was 7 percent (-8) and organic growth was 3 percent (-10).

Loomis operating income (EBITA)¹⁾ amounted to SEK 786 million (791) and the operating margin was 8.5 percent (8.3). Excluding Loomis Pay the operating margin was 9.2 percent (8.4).

Income before taxes amounted to SEK 608 million (532) and income after taxes was
SEK 449 million (367).

Earnings per share before and after dilution amounted to SEK 5.96 (4.88).

Cash flow from operating activities²⁾ amounted to SEK 632 million (1,269), equivalent to 80 percent (160) of operating income (EBITA).

The ongoing coronavirus pandemic had, during the first quarter, a negative impact on revenue and operating income compared to the first quarter 2020. During the second quarter the impact from the pandemic was significantly lower compared to the second quarter 2020.

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.

July 23, 2021

This disclosure contains information that Loomis AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 23-07-2021 08:00 CET.

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-interim-report-january---june-2021,c3388633

The following files are available for download:

https://mb.cision.com/Main/51/3388633/1447774.pdf	Loomis Interim report January-June 2021
https://mb.cision.com/Public/51/3388633/97435ef2c4c717fb.pdf	Loomis Interim report January-June 2021 - press release

View original content:https://www.prnewswire.com/news-releases/loomis-interim-report-january--june-2021-301340073.html

SOURCE Loomis AB

FAQ

What were Loomis AB's Q2 2021 earnings results?

In Q2 2021, Loomis AB reported revenues of SEK 4,779 million and an operating income of SEK 428 million.

How did the coronavirus pandemic impact Loomis AB's financials?

The pandemic had a significantly lower negative impact in Q2 2021 compared to the same quarter in 2020.

What was Loomis AB's earnings per share in Q2 2021?

Loomis AB's earnings per share in Q2 2021 were SEK 3.33.

What were the cash flow results for Loomis AB in the first half of 2021?

The cash flow from operating activities for Loomis AB in the first half of 2021 was SEK 632 million.