Loomis AB (publ) (LOIMF) Q1 2025 Earnings Name Transcript

Loomis AB (publ) (OTCPK:LOIMF) Q1 2025 Outcomes Convention Name Could 7, 2025 4:00 AM ET

Firm Members

Aritz Larrea – President and Chief Govt Officer
Johan Wilsby – Chief Monetary Officer

Convention Name Members

Simon Jonsson – ABG Sundal Collier
Suhasini Varanasi – Goldman Sachs
Viktor Lindeberg – Carnegie
Karl-Johan Bonnevier – DNB

Aritz Larrea

Thanks very a lot. Good morning, everybody, and welcome to the primary quarter presentation for Loomis. My identify is Aritz Larrea, and I am the CEO of Loomis. And with me right here in the present day, I’ve our CFO, Johan Wilsby; and Jenny Bostrom, our Head of Sustainability and Investor Relations.

I will begin by offering a fast abstract of our Q1 efficiency earlier than taking questions. Let’s begin the presentation by turning to Slide 2. Loomis had a strong begin to the yr with natural income development of 4.4% within the first quarter. We achieved revenues above SEK7.6 billion, with development throughout our 3 reporting segments. Notably, our Worldwide enterprise line carried out exceptionally effectively, and we additionally noticed double-digit development in our Automated Options and FX enterprise strains.

Acquisitions had a restricted influence on complete development, whereas foreign money results had a slight constructive influence. A good enterprise combine and elevated effectivity resulted in an improved working margin of 11.6%, up from 10.4% within the prior yr. We now have efficiently grown the enterprise whereas lowering our worker depend, supporting this margin enlargement.

Our working money move this quarter was exceptionally sturdy. Within the first quarter, working money move represented 112% of our EBITA. And over the previous 12 months, our money conversion reached 124%. This efficiency was pushed by enhancements in working capital, optimized capital expenditures and better EBITA. Our strong money conversion allows us to put money into our enterprise and distribute return to our shareholders.

As we introduced yesterday, we