Q2 2026 Loomis AB Earnings Call Transcript
Key Points
- Loomis AB (LOIMF) reported strong second-quarter revenue of almost SEK7.9 billion, with currency-adjusted growth above 9%, driven by strong organic growth and acquisitions.
- The company achieved its highest EBITDA margin in history at 14%, reflecting successful restructuring and efficiency initiatives.
- Loomis AB (LOIMF) completed significant acquisitions in Latin America, including Transportadora del Interior in Argentina and Hermes Transportes Blindados in Peru, strengthening its market position.
- The US segment delivered exceptional performance with revenue exceeding SEK4.1 billion and a strong currency-adjusted growth of 12.2%, supported by fuel price indexation.
- Loomis AB (LOIMF) distributed an ordinary dividend of SEK15 per share and an extraordinary dividend of SEK5 per share, returning over SEK1.3 billion to shareholders.
- Quarterly operating cash flow was impacted by higher working capital, although a strong rolling 12-month cash conversion of 95% was achieved.
- The ATM business in Europe faced short-term headwinds, impacting growth despite overall strong performance in the region.
- The SME/Pay segment experienced a modest impact on settled transaction volumes due to the decision not to migrate unprofitable customers.
- Loomis AB (LOIMF) recorded a write-down related to an older software development project and a small provision in connection with an ongoing claim in Chile.
- The net debt to EBITDA ratio is expected to temporarily exceed the target of 2 times following the Hermes acquisition, although it is anticipated to return below this level within six months.
Ladies and gentlemen, welcome to the Q2 2026 report conference call. I'm Moira, the chorus call operator. (Operator Instructions) The conference must not be recorded for publication or broadcast.
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 Loomis' second quarter 2026 presentation. My name is Aritz Larrea, and I'm the CEO of Loomis. With me here today are our CFO, Johan Wilsby; and Jenny Bostrom, our Head of Sustainability and Investor Relations.
I'll start by providing a brief summary of our second quarter results before opening the floor for questions. Let's begin by turning to slide number two. We delivered a strong second quarter with revenue of almost SEK7.9 billion. Currency-adjusted growth was above 9%, driven by strong organic growth and contributions from acquisitions.
During the quarter, we saw very strong growth in our international and
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