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Loomis AB (LOOMb.ST)

LOOMb.ST on Stockholm Stock Exchange

336.80SEK
23 May 2018
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278.20kr

Latest Key Developments (Source: Significant Developments)

Loomis buys business of Sequel International Logistics in the US
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Loomis Ab ::LOOMIS EXPANDS ITS INTERNATIONAL BUSINESS.LOOMIS AB SAYS ‍HAS, THROUGH ONE OF ITS WHOLLY OWNED SUBSIDIARIES, ACQUIRED 100 PER CENT OF BUSINESS OF SEQUEL INTERNATIONAL LOGISTICS (USA) INC.​.LOOMIS AB SAYS ‍ENTERPRISE VALUE, I.E. PURCHASE PRICE PLUS ACQUIRED NET DEBT, IS APPROXIMATELY USD 2 MILLION​.LOOMIS AB SAYS ‍ACQUISITION IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON EARNINGS PER SHARE OF LOOMIS IN 2018​.  Full Article

Loomis Expects To Account One-Off Positive Tax Income In Range Of SEK 55 Mln To SEK 70 Mln During Q4 2017​
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Loomis Ab ::LOOMIS POSITIVELY AFFECTED BY THE US TAX REFORM.‍TCJA'S MAIN IMPACT ON LOOMIS IN Q4 THIS YEAR IS REDUCTION OF CORPORATE TAX RATE IN US FROM 35 TO 21 PERCENT​.DUE TO REDUCED TAX RATE IN US, CO EXPECTS TO ACCOUNT FOR ONE-OFF POSITIVE TAX INCOME IN RANGE OF SEK 55 TO 70 MILLION DURING Q4 2017​.‍AS AN EFFECT OF NEW LEGISLATION LOOMIS EXPECTS, BASED ON CURRENT ESTIMATES, THAT GROUP TAX RATE FOR 2018 WILL BE BETWEEN 25 AND 26 PERCENT​.‍ONE-OFF POSITIVE TAX EFFECT IN Q4 2017 IS NOT EXPECTED TO HAVE A SIGNIFICANT EFFECT ON CASH FLOWS​.  Full Article

Loomis completes acquisition in Chile
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Loomis AB ::LOOMIS COMPLETES ACQUISITION IN CHILE.SAYS HAS, THROUGH ONE OF ITS WHOLLY OWNED SUBSIDIARIES, ACQUIRED 100 PERCENT OF THE SHARES IN WAGNER SEGURIDAD CUSTODIA Y TRANSPORTE DE VALORES (WAGNER) IN CHILE.  Full Article

Loomis signs five-year Safepoint deal with Reitan Convenience
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Loomis AB ::LOOMIS SIGNS A FIVE-YEAR SAFEPOINT AGREEMENT IN SWEDEN.SAYS ‍AGREEMENT RUNS OVER FIVE YEARS AND INCLUDES INSTALLATIONS AND SERVICES OF APPROXIMATELY 400 SAFEPOINTS AT ALL OF PRESSBYRAN'S AND 7-ELEVEN'S STORES ACROSS SWEDEN.AGREEMENT IS WITH REITAN CONVENIENCE​.SAYS ‍INSTALLATION IS EXPECTED TO START AT BEGINNING OF 2018 AND TO BE COMPLETED IN FALL OF 2018​.  Full Article

Loomis Q3 core profit and growth matches forecasts​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Loomis AB :Q3 ‍revenue amounted to SEK 4,246 million (4,200)​.Q3 ‍organic growth was 3 percent (3)​.Q3 ‍operating income (EBITA)1 amounted to SEK 570 million (528)​.Q3 ‍operating margin was 13.4 percent (12.6)​.Reuters poll: Loomis Q3 organic growth was seen at 3.1 percent, adjusted EBITA at 568 million SEK, sales at 4,326 million.  Full Article

Loomis sets new financial targets, ups profitability goal
Thursday, 28 Sep 2017 

Sept 28 (Reuters) - Loomis AB :Loomis updates financial targets and outlines strategy for 2018-2021.Says targets can be summarized as follows:.Revenue SEK 24 billion by 2021, including both organic and acquired growth.Operating margin (EBITA) 12-14 pct.Dividend 40-60% of net income.Loomis operating margin target has been 10-12 pct for the 2014-2017 period .Says will bring all three European regions together into one.Says under assumption no dilutive acquisitions are made business is expected to generate an operating margin of approximately 14 per cent by 2021..Says raising estimate of available safepoint market in us from 300,000 to 400,000 potential installations..Says annual safepoint installations in us is expected to reach 10,000 during strategy period.Says current european market is estimated to 200,000 potential installations.  Full Article

Loomis acquires Finnish firm Intermarketing in 181 mln SEK deal
Thursday, 28 Sep 2017 

Sept 28 (Reuters) - Loomis AB :Loomis acquires Intermarketing Oy in Finland.Says enterprise value, i.e. purchase price less acquired net cash, is approximately EUR 19 million, corresponding to approximately SEK 181 million.Says Intermarketing has approximately 30 employees and annual revenue in 2016 was approximately EUR 9.5 million.says Intermarketing provides cash recycling solutions to customers in the bank and retail sector and is based in Helsinki, Finland.  Full Article

Loomis Q2 core profit slightly ahead of forecasts
Thursday, 27 Jul 2017 

July 27 (Reuters) - Loomis AB :Q2 revenue increased to SEK 4,346 million (4,147)..Q2 organic growth was 2 percent (6) and real growth was 2 percent (8)..Q2 Loomis operating income (EBITA), adjusted, amounted to SEK 517 million (444) and operating margin was 11.9 percent (10.7)..Q2 income before taxes amounted to sek 463 million (398) and income after taxes was sek 332 million (286)..Says at our capital markets day, on september 28, 2017, we will present an updated strategy and new financial targets.Reuters poll: Loomis Q2 organic growth was seen at 2.4 percent, adjusted EBITA at 504 million SEK.  Full Article

Loomis Q1 EBITA beats expectations
Thursday, 4 May 2017 

May 4 (Reuters) - Loomis Ab :Q1 operating income (ebita)1 amounted to sek 462 million (376).Says organic growth was 3 percent (5).Reuters poll: loomis q1 organic growth was seen at 3.8 percent, adjusted ebita at 439 million sek.Loomis ab says we are well on our way to reaching the financial targets we set for the full year 2017.Loomis ab says it is our view that the negative growth in the uk has now leveled out and stabilized.  Full Article

Loomis Q4 adjusted EBITDA in line with forecast
Wednesday, 1 Feb 2017 

Loomis Ab : Improved profitability and proposed increased dividend to sek 8.00 per share . Loomis ab q4 organic growth was 4 percent (3) and real growth was 4 percent (5) . Loomis q4 adjusted. Ebita amounted to sek 543 million . Reuters poll: loomis q4 organic growth was seen at 2.5 percent, adjusted ebita at 542 million sek, dividend at sek 8.19per share Further company coverage: [LOOMb.ST] (Reporting By Johan Ahlander) ((johan.ahlander@thomsonreuters.com;)).  Full Article

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Cyclical reversal dents European shares as results roll in

LONDON European shares fell back on Tuesday as global markets took a risk-averse turn, with cyclical sectors including mining and financials suffering the sharpest losses.