Loomis January - September 2010: Significant margin improvement and continued strong cash flow

Loomis January - September 2010: Significant margin improvement and
continued strong cash flow

Loomis' operating income (EBITA)(1) for the first nine months amounted
to MSEK 650, including exchange rate effects of  MSEK -60, compared with
MSEK 601 for the equivalent period in 2009. The operating margin
increased to 7.8 percent (6.6). 

Revenue during the period amounted to MSEK 8,342 (9,109). Organic growth
was -1 percent (-3). 

Income before taxes amounted to MSEK 560 (500) and net income after tax
was MSEK 364 (350). 

Cash flow from operating activities amounted to MSEK 740 (503),
equivalent to 114 percent (84) of operating income (EBITA). 

Earnings per share before dilution were SEK 4.98 (4.79) and Earnings per
share after dilution were SEK 4.82 (4.79). 

Third quarter
Operating income (EBITA) for the third quarter amounted to MSEK 271
(233) and the operating margin increased to 9.8 percent (8.0). 

Revenue during the third quarter amounted to MSEK 2,765 ( 2,094). 

Income before taxes for the third quarter amounted to MSEK 244 (202) and
income after taxes was MSEK 157 (142). 

Earnings per share before dilution were SEK 2.14 (1.94) and Earnings per
share after dilution were SEK 2.07 (1.94). 

-Regarding the third quarter, I would particularly like to emphasize the
development in Europe where the operating margin rose to 12.1 percent
(10.7) and operating income increased to MSEK 215 (203).

A contributing factor behind this development is the fact that the
restructuring of the French operations, which began during the first
quarter and is continuing according to plan, has begun to contribute
with positive results, states Loomis President and CEO, Lars Blecko. 

Loomis' most important short-term financial goal for the full year 2010,
an operating margin of at least 8 percent, remains. 

1) Earnings Before Interest, Taxes and Amortisation of
acquisition-related intangible fixed assets.

05.11.2010

Lars Blecko
President and CEO
Cell number: +46 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 consisting of more than 370
branch offices in 13 European countries and in the US. Loomis has 20 000
employees and a turnover of 12 billion Swedish kronor. Loomis is a
midcap listed company on NASDAQ OMX Stockholm.  

Loomis AB discloses the information provided herein pursuant to the
Swedish Securities Market Act and/or the Financial Instruments Trading
Act. The information was submitted for publication at 8.00 a.m. (CET) on
November 5th, 2010.