Loomis (LOOMIS) Q1 2025 earnings summary

Executive summary

• Q1 revenue reached a record SEK 7,665 million, up 5.7% year-over-year, with 4.4% organic growth and strong performance across all segments, supported by positive exchange rate effects.

• Operating margin (EBITA) improved to 11.6% from 10.4% last year, driven by efficiency gains and a favorable business mix.

• Net income rose to SEK 382 million, with EPS increasing to SEK 5.57.

• Strong operating cash flow at 112% of EBITA for the quarter and 124% cash conversion over the past 12 months.

• Announced acquisition of Burroughs in the US to strengthen ATM and Automated Solutions, and a share repurchase program up to SEK 200 million.

Financial highlights

• Revenue reached SEK 7,665 million in Q1, up 5.7% year-over-year, with 4.4% organic growth.

• Operating income (EBITA) was SEK 886 million, with margin at 11.6% versus 10.4% last year.

• U.S. segment achieved record revenues over SEK 4 billion and a 16.6% operating margin.

• Europe and Latin America segment revenue reached SEK 3.6 billion, with 4.1% organic growth and a 9.3% operating margin.

• SME/Pay segment reported SEK 30 million in revenue, with digital payments and Loomis Pay transaction volumes driving growth.

Outlook and guidance

• Management expects continued solid organic growth and margin expansion, supported by efficiency measures and business mix.

• Restructuring in Europe and Latin America to continue, with slightly higher restructuring costs expected in 2025.

• Core business assessed as resilient to tariff introductions; tariff-driven demand surge seen as one-time.

• Recent acquisition and new segment launches expected to drive future growth.