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Sweden's Loomis Q3 revenue slightly misses estimates

By Reuters News


Overview

  • Sweden secure logistics firm's Q3 revenue grew 6.6% currency-adjusted, slightly missing analyst expectations

  • Q3 EBITA margin rose nearly two percentage points to 15.1%

  • Company cites strong demand for secure logistics and cash-handling automation as growth drivers


Outlook

  • Company says it is positioned to invest in long-term growth and pursue acquisitions

  • Company sees continued strong demand for secure logistics and cash-handling automation


Result Drivers

  • SEGMENT CONTRIBUTIONS - USA, Europe and Latin America segments contributed to revenue and margin growth, supported by demand for secure logistics and cash-handling automation

  • ACQUISITIONS - Recent acquisitions in Argentina and Peru expanded Latin America presence and contributed to growth


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Miss*

SEK 8.16 bln

SEK 8.24 bln (3 Analysts)

Q3 Net Income

SEK 690 mln

Q3 EBITA

Beat

SEK 1.23 bln

SEK 1.15 bln (2 Analysts)

Q3 Pretax Profit

Beat

SEK 986 mln

SEK 957 mln (2 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the business support services peer group is "buy."

  • Wall Street's median 12-month price target for Loomis AB is SEK590.00, about 9.3% above its October 29 closing price of SEK540.00

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago


Reuters Recommended Reads

  • Oct 28 - Norway's Telenor Q3 service revenue rises, maintains 2026 forecast

  • Oct 28 - Sweden's Peab Q3 sales rise on strength in all four business areas

  • Oct 28 - CH Robinson Q3 revenue beats on higher truckload pricing


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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