Loomis during the third quarter: Strong results, operating margin of 8 percent

Loomis during the third quarter: Strong results, operating margin of 8 percent

Loomis' operating income (EBITA) (1) for the first nine months of the year
amounted to MSEK 601, including exchange rate effects of MSEK 82. This is
equivalent to an improvement of MSEK 92 compared with the first nine months of
2008. The operating margin was 6.6 (6.2)   percent. Operating income for the
third quarter amounted to MSEK 233 (205) with an operating margin of 8.0 (7.2)
percent, which is equivalent to the level of operating margin that the Group has
as its target for the full year 2010. 


Revenue increased during the period to MSEK 9,109 (8,152). The organic growth
was -3 (3) percent, of which lower fuel surcharges comprise -1 percent. During
the third quarter, revenue amounted to MSEK 2,904 (2,836) and organic growth was
-4 (4) percent, of which lower fuel surcharges accounted for -1 percent. 

Income before taxes amounted to MSEK 500 (377) and net income after tax amounted
to MSEK 350 (309) (2) for the entire period. The corresponding figures for the
third quarter were MSEK 202 (157) and MSEK 142 (84). 

Cash flow from operating activities for the entire nine month period was MSEK
503 (220), equivalent to 84 percent of operating income (EBITA). The
corresponding figures for the third quarter were MSEK 215 (370) and 93 percent. 

Earnings per share for the entire nine month period were SEK 4.79 (4.24) (2).
For the third quarter, earnings per share were SEK 1.94 (1.15) (2).

- The improvements are the result of persistent, ongoing work with cost
reductions and restructuring. In particular, the work with efficiency
improvements at the local branches is of major importance, states Loomis' CEO,
Lars Blecko. 

1) Earnings Before Interest, Taxes and Amortization of acquisition-related
intangible fixed assets. 
2) Net income after tax in the prior year was affected by the utilization of
previously non-valued loss carry forwards in the UK. 



For more information, please contact:
Lars Blecko +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 of more than 370 branch offices in 12 European countries
and in the USA. The Group has approximately 20,000 employees and a turnover of
approximately SEK 11 billion. Loomis is a mid-cap listed company on the NASDAQ
OMX Stockholm.

The information is such that Loomis AB must disclose in accordance with the
Swedish Securities Market Act and/or the Financial Instruments Trading Act. The
information was submitted for publication on October 29th, 2009, at 8:00 a m.