Loomis Reports Record Financial Performance for 2024 With Significant Growth Indicators

Loomis Full-Year 2024 Report Overview

Loomis AB has concluded its financial year with remarkable results for 2024, demonstrating a significant uptick in revenue and profitability. The detailed financial report released on February 5, 2025, highlights a trend of robust growth that extends across all business lines.

Key Financial Highlights

In the fourth quarter alone, Loomis achieved a revenue of SEK 7.9 billion, marking a 6.9% increase compared to the previous year, which was SEK 7.4 billion. The operating income (EBITA) for this quarter reached SEK 1 billion, the highest in the company's history, with an operating margin of 12.9%. This performance has underscored the company's resilience and adaptability in a competitive landscape.

For the entire year, Loomis reported total revenue surpassing SEK 30 billion, a significant leap from the previous year's figure of SEK 28.7 billion. The organic growth for the year was a solid 6.6%, significantly contributing to the overall revenue boost.

Comprehensive Performance Metrics

The operating income (EBITA) for the full year was also impressive, recorded at SEK 3.64 billion, up from SEK 3.08 billion in 2023, indicating a clear upward trajectory in profitability. The net income for 2024 stood at SEK 1.64 billion, compared to SEK 1.49 billion the previous year.

Additionally, Loomis reported cash flow from operating activities exceeding SEK 4 billion for the year, a phenomenal ratio of 112% in relation to the operating income. This ability to generate strong cash flow is a testament to Loomis's efficient operational model.

Impacts and Future Strategies

Despite the overall success, the fourth quarter was impacted by comparability items amounting to SEK –221 million, largely due to restructuring efforts and legal case provisions in the European and Latin American segments. Nonetheless, the company has maintained a positive outlook, with the board proposing a dividend increase to SEK 14.00 per share from the SEK 12.50 proposed last year.

The management is optimistic about future growth, having laid out new strategic priorities and operational targets for 2025-2027 during the recent Capital Markets Day. This long-term vision aims at sustaining growth while adapting to market demands.

The comprehensive financial results reflect Loomis's commitment to delivering value to its shareholders while continuing to innovate within its business strategies.

For detailed insights and ongoing updates, stakeholders and interested parties can refer to the company’s official website at loomis.com.

Conclusion

The financial year 2024 has been a landmark for Loomis, setting a new precedent in revenue generation and profitability. The company’s proactive adjustments and strategic foresight prepare it well for tackling upcoming challenges and exploring new opportunities in the global market.