Loomis' first quarter 2009: Improved income and a strengthened cash flow

Loomis' first quarter 2009: Improved income and a strengthened cash flow

Loomis improved its operating income (EBITA)[1] for the first quarter 2009 to
MSEK 185 (141), includ-ing exchange rate effects of MSEK 36, and increased the
operating margin to 5.8 percent (5.3). 

Income before taxes increased to MSEK 150 (101), and net income after taxes to
MSEK 105 (68).

Revenue amounted to MSEK 3,187 (2,647), of which organic growth comprised -1
percent (2). 

Cash flow from operating activities of MSEK 95 (-283) is equal to 51 percent of
operating income (EBITA). This improvement is a result of, among other things, a
decrease in accounts receivable and investments. 

Earnings per share were SEK 1.44 (0.93).[2]

Loomis' USA operations will be restructured from March 31, 2009 to establish a
flatter organization, entailing the elimination of the regional structure. Jarl
Dahlfors has been appointed to serve as the new Country President as of July 1. 

- The primary reason for the higher operating margin is the improved results in
our operations in the USA, where the continued work with improving margins on
loss-making branch offices, and the elimi-nation of indirect costs, has been
successful, states Loomis' CEO Lars Blecko.

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

2) During 2008, the share structure of Loomis AB was changed as the result of a
reverse split (1:5). Earnings per share have been adjusted to reflect this
change. 

This press release is also available on: www.loomis.com.



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 centers of operation in 12
European countries and in the USA. Loomis has approximately 20 000 employees and
a turnover of approxi-mately 11 billion Swedish kronor. Loomis is a mid-cap
listed company on NASDAQ OMX Stockholm.

The information is such that Loomis AB must disclose in accordance with the
Swedish Securities Market Act and/or the Finan-cial Instruments Trading Act. The
information was submitted for publication on April 21, 2009, at 1 p.m. CET.