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
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
SEK 7.49 bln
SEK 7.33 bln (3 Analysts)
Q1 EBITA
Beat
SEK 946 mln
SEK 870 mln (2 Analysts)
Q1 Pretax Profit
Beat
SEK 757 mln
SEK 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.)