Continued margin improvement and organic growth


Loomis January-March 2012:
Loomis’ operating income (EBITA)¹) for the first quarter 2012 amounted to MSEK
212 (179), including exchange rate effects of MSEK 4. The operating margin
increased to 7.5 percent compared to 7.1 percent during the corresponding
quarter in 2011.

Revenue for the period amounted to MSEK 2,822 (2,526). Organic growth was 3
percent (0) and real growth amounted to 9 percent (1).

Income before taxes amounted to MSEK 190 (152) and net income after taxes
amounted to MSEK 133 (103).

Cash flow from operating activities amounted to MSEK 58 (77), which is
equivalent to 27 percent (43) of operating income (EBITA).

Earnings per share before dilution were SEK 1.82 (1.41), and Earnings per share
after dilution were SEK 1.76 (1.36).

- “The organic growth for the quarter means that the growth has been positive
for four consecutive quarters. This is, among other things, an effect of the
somewhat strengthened market conditions for cash handling services in Europe as
well as in the USA. One of the reasons for this improvement is that the amount
of cash in circulation continues to increase in most of the countries in which
we operate. This information is supported by new statistics for 2011 published
by the European Central Bank and the Federal Reserve”, states Loomis’ President
and CEO, Lars Blecko.

He also states that the improvement of MSEK 33 in operating result (EBITA) is
mainly attributable to increased revenue, the continued positive earnings effect
from the Pendum acquisition as well as the continuous work with efficiency
improvements. Another important contribution to the improvement is that the
number of branches achieving the Group´s profitability target continues to
increase and was one percentage point higher during the quarter than during the
equivalent quarter in 2011.

-“It is gratifying that we in the beginning of April could announce the
acquisition of the cash handling company, Vigencia, in Argentina. Our strategy
contains a presence in Latin America and this is our first acquisition in the
region. We see Latin America as an interesting market with good growth potential
and a market that currently has a low degree of outsourcing of cash handling
services”, states Lars Blecko.

¹) Earnings Before Interest, Taxes, Amortization of acquisition-related
intangible fixed assets, Acquisition-related costs and Items affecting
comparability.

08.05.2012

Lars Blecko
President and CEO
Cell number: +46 70 641 49 10

Loomis offers safe and effective comprehensive solutions for the distribution,
handling and recycling of cash for banks, retailers and other commercial
companies via an international network consisting of almost 400 branches in 16
countries. Loomis has 20 000 employees and annual revenue of 11 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 3.00 p.m. (CET) on May 8th, 2012.

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