Sweden's Loomis Q3 revenue slightly misses estimates
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
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(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.)