Q4 2019 Loomis AB Earnings Call Transcript

Feb 05, 2020 / 08:00AM GMT
Patrik Andersson - Loomis AB(publ)-CEO - President & Director

Yes. Hello. Good morning, everyone. It's Patrik Andersson here. And today -- with me here today on the call, I have our CFO, Kristian Ackeby; and also Anders Haker, who is our Chief Investor Relations Officer. So good morning, and welcome, everyone, to the fourth quarter presentation from Loomis.

So let's start the presentation and turn to the next page where we have all the highlights for the quarter. I will come back to many of them later on in my presentation, but let me just go through them quickly.

So on the recent events, mostly on the M&A side, we have now acquired Nokas cash handling in Sweden from January 2020. We are -- we believe we can close that deal in April of this year. So actually, in effect, Sweden will be actually the first 1-player market, which we know of. Unfortunately, the German acquisition was stopped by the competition authorities, as we have announced before.

When it comes to growth, we had a regrowth of 5%. And what's driving that is, of

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