Loomis during the first quarter: Increased operating margin, significantly improved cash flow

Loomis during the first quarter: Increased operating margin, significantly
improved cash flow

Loomis operating income (EBITA)(1) for the first quarter 2010 amounted to MSEK
181 including ex-change rate effects of MSEK- 22, compared with MSEK 185 for the
equivalent period in 2009. Operat-ing margin increased to 6.5 (5.8) percent. 

Revenue amounted to MSEK 2,771 (3,187) during the first quarter. Organic growth
was -3 (-1) per-cent. 

Income before tax for the first quarter of 2010 amounted to MSEK 149 (150) and
income after tax amounted to MSEK 104 (105).  

Cash flow from operating activities in the first quarter amounted to MSEK 159
(95) equivalent to 88 (51) percent of operating income (EBITA).

Earnings per share before dilution were SEK 1.43 (1.44), and Earnings per share
after dilution were SEK 1.38 (1.44).

-That the operating margin, which is our most important financial key ratio,
increased to 6.5 percent from 5.8 percent, as a consequence of a significantly
more balanced cost base compared with one year ago. The significant improvement
in cash flow to 88 (51) percent of operating income is attribut-able to the
improved balance between payments and seasonal variations in revenue, states
Loomis President and CEO, Lars Blecko.

-As we are well on the way to achieving a balance between expenses and the scope
of operations, I am of the opinion that we have good premises for meeting our
most important short-term financial goal for 2010, an operating margin of 8
percent, states Lars Blecko.


1) Earnings Before Interest, Taxes and Amortization of acquisition-related
intangible fixed assets.


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 of more than 370 branch offices in 12 European countries
and in the USA. The Group has approximately 20,000 employees and annual revenues
of SEK 12 billi-on. Loomis is a Mid-Cap listed Company on the NASDAQ OMX
Stockholm.

For more information, please contact:
Lars Blecko, 070 641 49 10

The above information is required to be disclosed by Loomis AB  in accordance
with the Swedish Securities Market Act and/or the Financial Instruments Trading
Act. The information was submitted for publication on April 29, 2010, at 2:00
p.m.