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LOOMIS Loomis AB News Story

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Sweden's Loomis Q1 revenue beats analyst estimates

Overview

Sweden secure logistics firm's Q1 revenue beats analyst expectations

Organic growth for Q1 was 5.9%, with EBITA margin up to 12.6%

Outlook

Loomis did not provide specific guidance for the current quarter or full year in press release

Result Drivers

BROAD-BASED SEGMENT GROWTH - USA, Europe, and Latin America segments all contributed to positive development, with strong performance in International and Automated Solutions business lines

OPERATIONAL EFFICIENCY - EBITA margin increased by 1 percentage point due to business growth and operational efficiency measures

Company press release: ID:nWkr9xk7bh

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueBeatSEK 7.49 blnSEK 7.33 bln (3 Analysts)
Q1 EBITABeatSEK 946 mlnSEK 870 mln (2 Analysts)
Q1 Pretax ProfitBeatSEK 757 mlnSEK 682 mln (2 Analysts)
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell" The average consensus recommendation for the business support services peer group is "buy." Wall Street's median 12-month price target for Loomis AB is SEK467.50, about 4.5% above its May 6 closing price of SEK447.40 The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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