Loomis interim report January - March 2021

Rhea-AI Summary

Loomis reported a revenue decline of SEK 4,483 million in Q1 2021, down from SEK 5,329 million in Q1 2020, marking a -6% real growth and -9% organic growth. Operating income (EBITA) fell to SEK 358 million, with an operating margin of 8.0%. Income before taxes decreased to SEK 269 million. The coronavirus pandemic negatively affected overall performance, contributing to these declines.

Positive

• Progress on Loomis Pay with recorded costs of SEK 32 million.

Negative

• Revenue decreased by SEK 846 million, representing a -15.9% year-over-year decline.
• Operating income fell to SEK 358 million, down SEK 231 million from the previous year.
• Earnings per share dropped to SEK 2.63, down from SEK 4.85.

SOLNA, Sweden, May 6, 2021 /PRNewswire/ --

January – March 2021
Revenue for the first quarter amounted to SEK 4,483 million compared to SEK 5,329 million the corresponding period the previous year. Real growth was -6 percent (2) and organic growth was -9 percent (0).

Loomis operating income (EBITA)¹ amounted to SEK 358 million (589) and the operating margin was 8.0 percent (11.0). Loomis Pay progresses according to plan and SEK 32 million was recorded as net costs. Excluding Loomis Pay, the operating margin was 8.7 percent (11.0).

Income before taxes amounted to SEK 269 million (490) and income after taxes was SEK 198 million (365).

Earnings per share before and after dilution amounted to SEK 2.63 (4.85).

Cash flow from operating activities² amounted to SEK 342 million (768), equivalent to 96 percent (130) of operating income (EBITA).

The ongoing coronavirus pandemic had an overall negative impact on revenue and operating income during the quarter. Significant differences compared to the first quarter of 2020 are related to the pandemic.

¹ Earnings Before Interest, Taxes and Amortization of acquisition-related intangible fixed assets, acquisition-related costs and revenue, and items affecting comparability.

² Cash flow from operating activities excluding the effects of IFRS 16.

May 6, 2021

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---march-2021,c3342198

The following files are available for download:

https://mb.cision.com/Main/51/3342198/1413997.pdf	Loomis Interim report January-March 2021
https://mb.cision.com/Public/51/3342198/a06ac1319195b6f6.pdf	Loomis Interim report January-March 2021 press release

 

View original content:http://www.prnewswire.com/news-releases/loomis-interim-report-january--march-2021-301285714.html

SOURCE Loomis AB

FAQ

What were Loomis' Q1 2021 revenues?

Loomis reported revenues of SEK 4,483 million for Q1 2021.

How did Loomis' operating income change in Q1 2021?

The operating income for Loomis in Q1 2021 was SEK 358 million, a decline from SEK 589 million in Q1 2020.

What is Loomis' earnings per share for Q1 2021?

Earnings per share for Loomis in Q1 2021 were SEK 2.63, compared to SEK 4.85 in the same period last year.

What impact did the coronavirus pandemic have on Loomis' Q1 2021 performance?

The coronavirus pandemic had an overall negative impact on Loomis' revenue and operating income during Q1 2021.