Welcome to our dedicated page for Loomis A B news (Ticker: LOIMY), a resource for investors and traders seeking the latest updates and insights on Loomis A B stock.
Loomis AB (LOIMY) delivers essential secure cash management and logistics services to financial institutions worldwide. This news hub provides investors and industry professionals with timely updates on corporate developments, operational milestones, and strategic initiatives.
Access official announcements covering cash handling innovations, security protocol enhancements, and market expansion updates. Our curated feed includes earnings reports, governance changes, and service capability improvements critical for understanding this specialized financial services provider.
Bookmark this page for direct access to verified information about Loomis AB's secure transportation solutions, risk management practices, and regulatory compliance achievements. Stay informed about developments impacting the cash logistics sector through comprehensive coverage of this industry leader's activities.
Loomis AB announced the completion of its share repurchase program, which was initiated on May 5, 2022, and concluded on June 22, 2022. During this period, the company repurchased 824,000 shares, bringing its total holdings of own shares to 2,257,782 as of June 30, 2022. The overall number of shares in the company stands at 75,279,829. This strategic buyback may enhance shareholder value by potentially increasing earnings per share and reflects the company's commitment to returning capital to shareholders.
Loomis AB, as part of its ongoing repurchase program initiated on May 5, 2022, has successfully repurchased 424,600 shares by May 31, 2022. This brings the total number of treasury shares held by the company to 1,858,382. Currently, the total issued shares of Loomis amount to 75,279,829. The share buyback is designed to enhance shareholder value and potentially improve earnings per share (EPS) in the future.
Loomis AB held its Annual General Meeting on May 4, 2022, approving key financial documents and a dividend of SEK 8.50 per share, payable on May 11, 2022. The Board was re-elected with Alf Göransson as Chairman, and total fees for Board members were set at SEK 4,570,000. The Meeting authorized the Board for share repurchase to manage capital structure and approved the Board's compensation report. Deloitte AB was re-elected as the auditor for a year.
Loomis AB reported strong performance in Q1 2022, with revenue of SEK 5,627 million, representing an 18% real growth and 15% organic growth. Operating income (EBITA) rose to SEK 516 million with a margin of 9.2%. Net income reached SEK 295 million, and earnings per share increased to SEK 4.00. However, cash flow from operations was SEK 177 million, down from SEK 342 million. Aritz Larrea has been appointed as the new President and CEO, effective May 23, 2022.
Loomis AB will release its Interim report for January-March 2022 on May 4, 2022, at 3:00 p.m. (CEST). The report will be available through a press release from Cision and on Loomis' website.
On May 5, 2022, presentation slides will be accessible at www.loomis.com. A telephone conference will take place at 9:00 a.m. (CEST), featuring executives from Loomis discussing the report and answering questions.
On March 30, 2022, Loomis USA announced the appointment of Björn Züger as the new President and CEO, effective August 1, 2022. Züger currently serves as the Country President of Loomis Switzerland and has extensive experience in logistics and supply chain management, having previously worked for the VIA MAT Group. Patrik Andersson, the current President and CEO, expressed confidence in Züger's ability to enhance operations in the USA and execute the company’s strategy alongside the management team.
Loomis AB has announced its annual general meeting (AGM) on May 4, 2022, at the Stockholm Concert Hall. Shareholders must register by April 28, 2022, to participate. The agenda includes the election of board members, approval of the annual report, and a proposed dividend of SEK 8.50 per share with a record date of May 6, 2022. The Nomination Committee recommends the re-election of six board members and the election of one new member, Santiago Galaz. Additionally, the board seeks approval to repurchase and transfer own shares in line with the company's capital structure needs.
