Loomis during 2009: Improved result and operating margin

Loomis during 2009: Improved result and operating margin

Strong cash flow

Loomis' operating income (EBITA)[1] for 2009 amounted to MSEK 837 (748)
including exchange rate effects of MSEK 74. This is equivalent to an improvement
of MSEK 89 compared with 2008. The operating margin increased to 7.0 percent
(6.6) percent. Operating income for the fourth quarter amounted to MSEK 237
(239), with an operating margin equivalent to 8.2 (7.7) percent, which is
somewhat higher than the Group's goal of 8 percent for the entire year 2010. 

Revenues increased during 2009 to MSEK 11,989 (11,258). Organic growth was -3
(3) percent, of which lower fuel surcharges accounted for -1 percent. Revenue in
the fourth quarter amounted to        MSEK 2,880 (3,107) and organic growth was
-3 (2) percent, of which lower fuel surcharges accounted for -1 percent.  

Income before taxes for the full year 2009 amounted to MSEK 706 (569) and net
income after tax was MSEK 500 (424) [2]. The equivalent figures for the fourth
quarter are MSEK 206 (192) and MSEK 150 (115), respectively.

Cash flow from operating activities amounted to MSEK 789 (442) in 2009, which is
equivalent to 94 percent of operating income (EBITA). The equivalent figure for
the fourth quarter was MSEK 286 (222) and 121 percent, respectively.

Earnings per share for the full year 2009 were SEK 6.85 (5.80)[2]. For the
fourth quarter, earnings per share were SEK 2.06 (1,57)[2].

- 2009 was a positive year for Loomis with improved result and a very strong
cash flow, in spite of the economic recession and a weak market. The primary
reason for this is that we have decreased costs and increased efficiency in the
entire Group, not the least via a focus on profitability at each and every one
of our 370 local branch offices. This, in combination with other changes which
we have implemented, implies that we feel comfortable about our full year
forecast for 2010, with a predicted operating margin of 8 percent, states Loomis
President, Lars Blecko.


[1] Earnings Before Interest, Taxes and Amortization of acquisition-related
intangible fixed assets. 

[2] Net income after taxes in the previous year was affected by the utilization
of previously                  unrecognized loss carry forwards in the UK.

For more information, please contact:
Lars Blecko, +46 (0)70 641 49 10

Loomis offers safe and effective solutions for the distribution, handling and
recycling of cash for banks, retailers and other commercial companies via an
international network of more than 370 branch offices in 12 European countries
and in the USA. The Group has approximately 20,000 employees and annual revenues
of approximately SEK 12 billion. Loomis is a Mid-Cap listed company on the
NASDAQ OMX Stockholm.

The above information is required to be disclosed by Loomis AB  in accordance
with the Swedish Securities Market Act and/or the Financial Instruments Trading
Act. The information was submitted for publication on February 9th, 2010, at
8:00 am.