Continued strong organic growth in the USA
January – March 2016
Revenue for the first quarter increased to SEK 4,032 million (3,842). Organic growth was 5 percent (2) and real growth was 7 percent (17).
Loomis operating income (EBITA)1 amounted to SEK 376 million (345) and the operating margin was 9.3 percent (9.0).
Income before taxes amounted to SEK 327 million (281) and income after taxes was SEK 239 million (205).
Earnings per share before and after dilution amounted to SEK 3.17 (2.73).
Cash flow from operating activities amounted to SEK 96 million (295), equivalent to 26 percent (85) of operating income (EBITA).
“Loomis has had a stable start of the year and I state that we have another quarter of organic growth and margin improvement. Our strategic priorities and operational efficiency improvements continue to deliver positive results. During the quarter the USA in particular demonstrated strong development, with record high organic growth and an improved operating margin”, states Lars Blecko, CEO of Loomis.
1Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue and Items affecting comparability.