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Loomis AB ( (SE:LOOMIS) ) has issued an update.
Loomis AB reported a strong third quarter with a revenue of SEK 7.6 billion and an organic growth of 3.9%. The company achieved a notable operating margin of 13.2% and completed four acquisitions, including Burroughs in the US and Keys Armored Express in Florida, enhancing its market position. Despite currency impacts, Loomis showed strong performance in the US and Europe, with strategic acquisitions and restructuring efforts contributing to improved profitability. The company continues to focus on expanding its services in high-security logistics and strengthening its presence in the SME and digital payment sectors.
The most recent analyst rating on (SE:LOOMIS) stock is a Hold with a SEK416.00 price target. To see the full list of analyst forecasts on Loomis AB stock, see the SE:LOOMIS Stock Forecast page.
More about Loomis AB
Loomis AB operates in the security and cash handling industry, offering services such as cash management, secure transportation, and ATM services. The company focuses on providing high-security logistics solutions and has a significant presence in the US, Europe, and Latin America.
Average Trading Volume: 80,005
Technical Sentiment Signal: Buy
Current Market Cap: SEK25.48B
Learn more about LOOMIS stock on TipRanks’ Stock Analysis page.