SOLNA, Sweden, March 23, 2022 /PRNewswire/ -- At the Capital
Markets Day, which is held in a digital format today, Loomis
announces new targets and presents an updated strategy under the
heading "At the Centre of the Payment Ecosystem".
The strategy means that Loomis will move further up the value
chain by: 1) accelerating the core business, 2) increased focus on
services with recurring revenue, 3) combining physical and digital
customer offerings, 4) being the leading player in the market
within ESG and 5) continuing to develop the Loomis model.
Loomis' dividend policy, stating that 40 – 60 percent of annual
net earnings should be distributed to the shareholders, is
unchanged.
The targets in brief for the strategy period
Financial targets
- Revenue: Average real growth of 5-8 percent per year
- Operating margin (EBITA): 12-14 percent for 2024
Sustainability targets
- Reduced carbon dioxide emissions by 15 percent compared to
2019. Refers to scope 1 & 2 combined
- Reduction of the work injury rate by 15 percent compared to
2021
Revenue
No specific revenue targets are set for the various business
lines, and previously communicated ambitions regarding ATMs,
physical foreign exchange (FX) and Loomis
Pay should be seen as an integral part of the real growth of
5-8 percent per year. Loomis prioritizes growth in four areas where
the potential is high:
- services with recurring revenue. This primarily applies to
SafePoint, both in the USA and in
Europe, as well as expanded
service offerings for ATMs. The work regarding ATMs is conducted
through separate centers of excellence in Europe and in the USA
- continued expansion of Loomis
Pay in existing markets. Loomis
Pay will be rolled out in at least one market in continental
Europe in 2022
- continued acquisitions within the core business in existing
markets and acquisitions of relevant technology that support
Loomis' service offerings
- continued efforts to drive outsourcing of cash management
services (CMS) in all markets
Operating margin
Loomis' margin expansion is based on:
- faster rate of increase in revenue from services with higher
operating margin, such as SafePoint and ATMs, but CMS and FX will
also contribute
- lower cost base in Europe and
in the US through the measures implemented following the pandemic
in 2020 and 2021
- continued efficiency work at Loomis' more than 400
branches
- continued development of pricing models
Reduced carbon dioxide emissions by 15 percent compared to
2019 for scope 1 & 2
Carbon dioxide emissions are reduced by:
- increasing the proportion of vehicles powered by
electricity
- increased investments in technical tools that contribute to
more environmentally friendly diving behavior
- increased proportion of fossil-free fuel
- a gradual transition to lighter vehicles
Reduction of the work injury rate by 15 percent compared to
2021
The number of lost working days is reduced by:
- education
- investments in technical tools that contribute to a safer work
environment
"Loomis has a strong position in the international market and
we will further strengthen it. We are at the forefront of technical
development. Our customers to a large extent demand even more
advanced technical solutions and this opens up good opportunities
for our advanced and environmentally friendly services such as
SafePoint and Loomis Pay", says
Loomis' President and CEO Patrik
Andersson.
This press release is also available on the company's website,
www.loomis.com.
March 23, 2022
CONTACT:
Patrik Andersson
President and CEO
Mobile: +46 76 111 34 00
Email: patrik.andersson@loomis.com
Kristian Ackeby
Chief Financial Officer
Mobile: +46 70 569 69 98
Email: kristian.ackeby@loomis.com
Anders Haker
Chief Investor Relations Officer
Mobile: +1 281 795 8580
Email: anders.haker@loomis.com
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/loomis-ab/r/loomis-announces-new-targets-and-presents-strategy-for-2022---2024,c3530450
The following files are available for download:
https://mb.cision.com/Main/51/3530450/1552446.pdf
|
Loomis announces new
targets and presents strategy for 2022 â€" 2024
|
View original
content:https://www.prnewswire.com/news-releases/loomis-announces-new-targets-and-presents-strategy-for-2022--2024-301508748.html
SOURCE Loomis AB