Loomis improved income and increased operating margin in 2008

Loomis improved income and increased operating margin in 2008

Loomis, which since December 2008 has been a mid-cap listed company on NASDAQ
OMX Stockholm, improved its operating income (EBITA) for the full year 2008 to
MSEK 748 (566)[1] and raised its operating margin to 6.6 percent (5.3).[1]
Income before taxes increased to MSEK 569 (317)[1] and revenue amounted to MSEK
11,258 (10,591).[1]

After adjustment for acquisitions, divestments and exchange rate effects,
revenue increased by 3 percent. Earnings per share were SEK 5.80 (2.57).[1] The
Board proposes a dividend of SEK 2.25 per share.

During the fourth quarter of 2008, operating income (EBITA) amounted to MSEK 239
(86)[1] and income before taxes amounted to MSEK 192 (-35).[1] Revenue increased
by 15 percent to MSEK 3,107 (2,710).[1] Organic growth for the last quarter of
the year was 2 percent. The organic growth is primarily a result of price
increases, which is in line with the company's priority of increased
profitability over growth.

The operating margin increased as a result of general improvements in the
European operations, primarily in France, Sweden and Norway, whilst
profitability in the US and the UK remains unsatisfactory.

”The presentation of a marked improvement in income is particularly pleasing, as
this is Loomis' first report after the listing on December 9, 2008. A strong
contributing factor is that we have successfully compensated for, amongst other
things, the rising cost of fuel through price increases in both Europe and the
US”, states Lars Blecko, CEO of the Loomis Group.


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[1] Comparative figures for 2007 are adjusted for the divestment of the LCM
operations in the UK and for changes in the capital structure. See the listing
prospectus 2008 for further information.


For additional information, please contact:
Lars Blecko, CEO
070-641 49 10
Jarl Dahlfors, CFO
073-812 20 56

Loomis offers safe and effective solutions for the distribution, handling and
recycling of cash for banks, retailers and other commercial companies via an
international network consisting of more than 370 centers of operation in 11
European countries and in the US. Loomis has approximately 20,000 employees and
annual revenues of approximately SEK 11 billion. Loomis is a mid-cap listed
company on NASDAQ OMX Stockholm.