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Loomis AB - LOIMY STOCK NEWS

Welcome to our dedicated news page for Loomis AB (Ticker: LOIMY), a resource for investors and traders seeking the latest updates and insights on Loomis AB.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Loomis AB's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Loomis AB's position in the market.

Rhea-AI Summary
Loomis AB invites shareholders to its annual general meeting on May 6, 2024, with options for in-person attendance or postal voting. The agenda includes resolutions on dividends, election of board members, and authorization for share repurchases and transfers. The Nomination Committee proposes re-election of current board members and a dividend of SEK 12.50 per share.
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Loomis AB has repurchased 310,898 shares as part of their ongoing repurchase program, holding 4,519,680 shares, equivalent to 6.0% of outstanding shares. The total number of shares is 75,279,829. The repurchase program may reach up to SEK 200 million and will conclude by April 5, 2024.
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Rhea-AI Summary
Loomis had a record year in 2023 with a 7.8% organic growth, achieving revenues of SEK 28.7 billion. The operating profit increased to SEK 3,077 million for the full year, with a strong performance in the US segment. The company delivered a strong operating cash flow of more than SEK 3 billion for the year, which was 100% of the operating profit. The Board of Directors proposes a dividend of SEK 12.50 per share for 2023.
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Loomis AB announces the decision to repurchase shares worth up to SEK 200 million, commencing on February 1, 2024, and ending on April 5, 2024. The company's total holding of its own shares amounts to 4,208,782 out of a total of 75,279,829 shares. The repurchase will be administered by Danske Bank A/S, Danmark, Sverige Filial, and reported via the stock exchange. The purpose of the repurchase aligns with the general meeting's authorization.
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Loomis reports record revenues of SEK 7.4 billion for Q3 2023, with solid organic growth. Operating result (EBITA) is 814 million SEK, with a margin of 11.0%. Strategic acquisition of Cima S.p.A. closed in October.
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Loomis AB to publish Interim report on October 26, 2023
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Loomis AB signs EUR 115 million 2-year Term Loan facility for general corporate purposes, including acquisitions.
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Loomis completes acquisition of CIMA, expects positive impact on operating profit and earnings per share in 2023.
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Loomis AB appoints Nomination Committee for Annual General Meeting 2024
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Johan Wilsby has been appointed as the new CFO for Loomis, effective October 1, 2023. He brings senior financial experience and an international background to lead the global Finance organization.
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Loomis AB

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Investigation Services
Administrative and Support and Waste Management and Remediation Services
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Sweden
Stockholm