Record quarter with continued improvement in operating margin
STOCKHOLM, October 28, 2022 /PRNewswire/ — Loomis posted an all-time high in revenue and operating income in the third quarter. revenue one Europe and Latin America have returned to pre-pandemic levels as societies open up and tourism and travel increase. The automated solutions with SafePoint im United States of America are still successful. Pay Loomis The transaction volume continued to grow and the pilot project started Spain developed according to plan.
Record sales were supported by continued strong organic growth across all regions, which was 15.5 percent (5.7) in the third quarter, as well as currency translation changes. The Group’s operating margin (EBITA%) rose to 12.5 percent (11.3). Margin was positively impacted by higher volumes but slightly impacted by labor shortages and general supply chain issues. Exclusively Pay Loomisthe operating margin reached 13.1 percent (12.0).
Quarter 3 comments
- Revenue for the quarter was 6,739 million SEK (5.135). Real growth was 15.9 percent (10.8), of which organic growth was 15.5 percent (5.7).
- Operating result (EBITA) 1) for the time was 845 million SEK (581) and operating margin (EBITA) was 12.5 percent (11.3). Exclusively Pay Loomisthe operating margin was 13.1 percent (12.0).
- Operating profit (EBIT) before items affecting comparability for the period was 808 million SEK (540) and the operating margin (EBIT) before items affecting comparability was 12.0 percent (10.5).
- Earnings before taxes were 708 million SEK (437) and net income was 503 million SEK (297).
- Basic earnings per share were 6.92 SEC (3.96) and after dilution 6.91 (3.95).
- Cash generated from operations 2) amounted to 911 million SEK (555), which is 108 percent (96) of operating profit (EBITA).
- Björn Züger took office as President and CEO of Loomis United States of America during the quarter
- Loomis AB repurchased 704,000 of its own shares in the third quarter…
