Q3 2025 Loomis AB Earnings Call Transcript
Key Points
- Loomis AB (LOIMF) reported a solid third quarter performance with revenues reaching SEK7.6 million and a currency-adjusted growth of 7.1%.
- The company achieved strong organic growth of 3.9%, despite a decline in the ATM business.
- Operating margin improved to 13.2%, up from 12.9% last year, due to efficiency initiatives.
- Strong operating cash flow was reported with a rolling 12-month cash conversion of 95%, enabling continued investment and shareholder returns.
- The acquisition of Burroughs contributed significantly to growth and strengthened Loomis AB (LOIMF)'s position in the US market.
- The ATM business experienced a decline due to losses in Sweden and France, and market consolidation in the UK.
- Ongoing restructuring activities in Germany affected revenue growth in Europe.
- The effective tax rate increased to 30% due to changes in assumptions for deferred tax assets.
- Currency fluctuations had a significant negative impact on the financial results.
- The integration of Burroughs is still in early stages and currently margin dilutive.
Ladies and gentlemen, welcome to the third quarter 2025 conference call. I am George, the chorus cooperator. (Operator Instructions)
At this time, it's my pleasure to hand over to Aritz Larrea, President and CEO. Please go ahead.
Thank you very much. Good morning, everyone, and welcome to the third quarter presentation for Loomis. My name is Aritz Larrea, and I'm the CEO of Loomis, and with me here today, I have our CFO, Johan Wilsby; and Jenny Boström, our Head of Sustainability and Investor Relations.
I'll start by providing a quick summary of our third quarter performance before taking questions. Let's start the presentation by turning to slide number 2. We delivered a solid and positive performance in the third quarter, with revenues reaching SEK7.6 million and currency adjusted growth of 7.1%.
Despite the expected decline in our ATM business, the group achieved a strong organic growth of 3.9%. This was also the first quarter to include the full results of Burroughs,
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