Loomis AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 11:30 am IST
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Loomis AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 7,408 million compared to SEK 6,739 million a year ago. Net income was SEK 421 million compared to SEK 503 million a year ago. Basic earnings per share from continuing operations was SEK 5.92 compared to SEK 6.92 a year ago. Diluted earnings per share from continuing operations was SEK 5.9 compared to SEK 6.91 a year ago.
For the nine months, sales was SEK 21,292 million compared to SEK 18,584 million a year ago. Net income was SEK 1,181 million compared to SEK 1,094 million a year ago. Basic earnings per share from continuing operations was SEK 16.58 compared to SEK 14.91 a year ago. Diluted earnings per share from continuing operations was SEK 16.56 compared to SEK 14.91 a year ago.
Loomis AB is a Sweden-based holding company, which delivers a range of solutions for cash handling services primarily to financial institutions, retailers, other commercial enterprises and the public sector. Its offerings include Cash in Transit services, encompassing cash transportation services mainly used by banks and business enterprises carried out by a fleet of vehicles transporting cash to and from retailers, banks, safe deposit boxes and automated teller machines, and Cash Management services, such as counting, analysis, planning, reporting and authenticity and quality control of bills and coins. The Company has over 200 cash processing centers. It operates through a network of 400 branches located across numerous countries, including Argentina, Austria, the Czech Republic, Denmark, Finland, France, Norway, Portugal, Slovenia, Slovakia, Spain, Switzerland, Turkey, the United Kingdom, and the United States. It operates VIA MAT Holding AG and Intermarketing Oy as subsidiaries.
LOOMIS AB 
