Loomis interim report January - March 2022

Rhea-AI Summary

Loomis AB reported strong performance in Q1 2022, with revenue of SEK 5,627 million, representing an 18% real growth and 15% organic growth. Operating income (EBITA) rose to SEK 516 million with a margin of 9.2%. Net income reached SEK 295 million, and earnings per share increased to SEK 4.00. However, cash flow from operations was SEK 177 million, down from SEK 342 million. Aritz Larrea has been appointed as the new President and CEO, effective May 23, 2022.

Positive

• Revenue increased to SEK 5,627 million, up from 4,483 million.
• Operating income (EBITA) improved to SEK 516 million from 358 million.
• EBITA margin increased to 9.2% from 8.0%.
• Net income rose to SEK 295 million, compared to 198 million.
• Earnings per share before and after dilution rose to SEK 4.00.

Negative

• Cash flow from operating activities decreased to SEK 177 million from 342 million.

SOLNA, Sweden, May 4, 2022 /PRNewswire/ -- 

Quarter 1, 2022
Revenue for the quarter was SEK 5,627 million (4,483). Real growth was 18 percent (–6) of which organic growth was 15 percent (–9).

Operating income (EBITA) for the period was SEK 516 million (358) and EBITA operating margin was 9.2 percent (8.0). Excluding Loomis Pay, the operating margin amounted to 10.0 percent (8.7).

Operating income (EBIT) for the period was SEK 463 million (315) and EBIT operating margin was 8.2 percent (7.0).

Income before taxes 406 MSEK (269) and net income 295 MSEK (198).

Earnings per share before and after dilution were SEK 4.00 (2.63).

Cash flow from operating activities SEK 177 million (342), equivalent to 34 percent (96) of operating income (EBITA).

The Board of Directors of Loomis AB has, as previously announced, appointed Aritz Larrea as new President and CEO of the company. Aritz Larrea will take up the position on May 23, 2022.

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.  

This press release is also available on the company's website, www.loomis.com

May 4, 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-interim-report-january---march-2022,c3560227

The following files are available for download:

https://mb.cision.com/Main/51/3560227/1574526.pdf	Loomis Interim Report January-March 2022
https://mb.cision.com/Public/51/3560227/b7f7321801b97a01.pdf	Loomis Interim Report January-March 2022 - press release

View original content:https://www.prnewswire.com/news-releases/loomis-interim-report-january--march-2022-301539642.html

SOURCE Loomis AB

FAQ

What were Loomis AB's Q1 2022 revenue figures?

Loomis AB reported revenue of SEK 5,627 million for Q1 2022.

What was the operating income for Loomis AB in Q1 2022?

The operating income (EBITA) for Q1 2022 was SEK 516 million.

Who has been appointed as the new CEO of Loomis AB?

Aritz Larrea has been appointed as the new President and CEO, effective May 23, 2022.

What is the earnings per share for Loomis AB in Q1 2022?

The earnings per share for Q1 2022 were SEK 4.00.

Did Loomis AB experience any growth in Q1 2022?

Yes, Loomis AB experienced an 18% real growth and 15% organic growth in Q1 2022.