Loomis (LOOMIS) Q4 2024 earnings summary

Executive summary

• Achieved record revenue of SEK 30,442 million and operating income for 2024, with Q4 revenue above SEK 7.9 billion and operating margin at 12.0% for the year and 12.9% in Q4.

• Organic growth reached 8.0% in Q4 and 6.6% for the year, with all segments and business lines contributing.

• Surpassed 2022-2024 strategic targets for growth, margin, and sustainability, including CO2 reduction and workplace safety.

• Distributed over SEK 1.6 billion to shareholders via dividends and share repurchases.

• Board proposes a record-high dividend of SEK 14.00 per share for 2024.

Financial highlights

• Q4 revenue: SEK 7,926 million, up 6.9% year-over-year; full-year revenue SEK 30,442 million, up 6.0%.

• Q4 operating income (EBITA): SEK 1,020 million (12.9% margin); full-year EBITA: SEK 3,642 million (12.0% margin).

• Cash flow from operating activities for the year was SEK 4,085 million, with cash conversion at 112% for the year and 123% in Q4.

• Q4 net income: SEK 406 million; full-year net income: SEK 1,641 million; EPS before dilution: SEK 23.51.

• Share repurchases totaled SEK 800 million for 2.6 million shares in 2024; SEK 200 million in Q4.

Outlook and guidance

• Strategic targets for 2025-2027: 5%-7% revenue CAGR (currency adjusted), 12%-14% EBITA margin, 34% CO2e reduction by 2027 vs. 2019, and 10% injury rate reduction by 2027 vs. 2024.

• Margin guidance for 2025 remains at 12%-14%, aiming for mid-upper range by period end.

• Strategic priorities and targets for 2025-2027 announced at Capital Markets Day.