Loomis AB (OSTO:LOOMIS)
kr 296.6 4.2 (1.44%) Market Cap: 20.87 Bil Enterprise Value: 25.71 Bil PE Ratio: 14.57 PB Ratio: 1.54 GF Score: 91/100

Q4 2023 Loomis AB Earnings Call Transcript

Jan 31, 2024 / 09:00AM GMT
Release Date Price: kr284.8 (+8.04%)
Aritz Larrea
Loomis AB - President and CEO

Thank you very much. Good morning, everyone, and welcome to the fourth-quarter presentation for Loomis. My name is Aritz Larrea, and I'm the CEO of Loomis. With me here today, I have our CFO, Johan Wilsby; and Jenny Boström, our Head of Sustainability and Investor Relations.

I will begin by giving a brief review of our Q4 business performance. I will then review the financials and provide an overview of the year 2023 before taking questions. Let's start the presentation by turning to slide 3.

Starting with an overview of the market developments and how the trends relate to our business, we had a solid performance during the fourth quarter. We continue to see high demand for cash handling automated solutions, and we have had strong growth within SafePoint in both the US and Europe. I'm happy to have the team at CIMA on board and to be focusing on creating positive sales synergies in this area.

While many of our business lines had revenue growth in the quarter, we did see a cyclical volume decline in our international and FX

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