Loomis Announces Impressive Year-End Results for 2024

Author: Caleb Price Updated: 02-05-2025 02:10 AM

Strong End to a Record Year

Loomis has successfully concluded a remarkable financial year, delivering strong results that reflect growth across all business lines. With a revenue of SEK 7.9 billion in the fourth quarter alone, the company has set a new benchmark for its performance. Notably, the operating income (EBITA) surpassed SEK 1 billion for the quarter, marking the highest figure ever achieved by the company. Furthermore, Loomis expanded its operating margin to 12.9 percent, showcasing its efficient operations.

Full-Year 2024 Performance Highlights

The company achieved record-high revenue and operating income for the entirety of 2024. Loomis reported total revenue exceeding SEK 30 billion, yielding an operating margin (EBITA%) of 12.0 percent. Reflecting on cash flow, Loomis generated over SEK 4 billion from operating activities, which corresponds to an impressive 112 percent of its operating income (EBITA).

Key Metrics for 2024

Throughout the year, Loomis experienced notable growth, with revenue for 2024 reaching SEK 30,442 million compared to SEK 28,707 million the previous year. This represents a growth of 6.0 percent, with organic growth accounting for 6.6 percent. Operating income (EBITA) also showed an upward trend, growing to SEK 3,642 million from SEK 3,077 million. The operating margin increased to 12.0 percent, compared to 10.7 percent in the previous year. Additionally, Loomis recorded a net income of SEK 1,641 million, up from SEK 1,495 million.

Quarterly Insights

In the fourth quarter, Loomis reported revenue of SEK 7,926 million, reflecting a growth of 6.9 percent year-over-year. This growth comprised an organic increase of 8.0 percent, bolstered by acquisitions that contributed 0.1 percent. Notably, the impact of exchange rates reflected a decline of 1.2 percent on revenue. The operating income (EBITA) for this quarter reached SEK 1,020 million, with an operating margin of 12.9 percent.

Strategic Developments and Future Outlook

Loomis is proactively addressing ongoing challenges, having identified key areas for restructuring. The items affecting comparability totaled SEK -221 million for the quarter, largely due to impairments and legal case provisions. Moreover, despite these challenges, Loomis continues to maintain a healthy operating income before these items at SEK 960 million, with an operating margin of 12.1 percent.

Investor Commitments and Dividends

Loomis has demonstrated its shareholder commitment by repurchasing 590,100 shares during the fourth quarter at a value of SEK 200 million. Additionally, the Board of Directors has proposed a dividend of SEK 14.00 per share for the year 2024, reflecting a solid increase from the previous year's SEK 12.50.

Company Contact Information

For further inquiries, investors can reach out to:

Jenny Boström

Head of Sustainability and Investor Relations
+46 79 006 45 92

Frequently Asked Questions

What were Loomis's total revenues for 2024?

Loomis reported total revenues exceeding SEK 30 billion for the year 2024.

How did Loomis perform in the fourth quarter of 2024?

In the fourth quarter of 2024, Loomis achieved a revenue of SEK 7.9 billion, showcasing a strong performance with an operating income of over SEK 1 billion.

What is Loomis's proposed dividend for 2024?

The Board of Directors has proposed a dividend of SEK 14.00 per share for the year 2024.

How much cash flow did Loomis generate from operating activities?

Loomis generated over SEK 4 billion from operating activities during 2024.

What strategic plans are in place for the future?

Loomis has outlined new strategic priorities and targets for the years 2025 to 2027, indicating a commitment to continuous improvement and growth.

About The Author

Hey there I'm Caleb Price, a writer and financial specialist who loves to assist others in understanding the financial world. Having years of practical experience and a solid background in finance, my area of expertise is converting difficult financial ideas into useful, doable insights for my blog and publications. My goal with my writing is to give readers the information and assurance they need to successfully negotiate their financial journeys.

My ability to interact with a wide range of people—from novices starting their investing journey to seasoned investors looking for new approaches—has come from contributing to several financial blogs. Making money approachable and understandable is my goal; this will enable you to make wise choices and realize your financial objectives. We appreciate you coming along on this path to success and financial empowerment on Investors Hangout.

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