Loomis (LOOMIS) Q1 2026 earnings summary

Executive summary

• Achieved strong currency-adjusted revenue growth of 9.3% and organic growth of 5.9% year-over-year, despite significant negative FX impacts, particularly in International and FXGS segments.

• Operating margin (EBITA) rose to 12.6%, the highest Q1 margin to date, supported by efficiency initiatives and favorable business mix.

• Net income increased to SEK 530 million, with basic EPS at SEK 7.91, up from SEK 5.57 in Q1 2025.

• Strategic acquisition of Hermes Transportes Blindados in Peru announced, expanding presence in Latin America.

• New climate targets validated by SBTi, reinforcing sustainability leadership.

Financial highlights

• Q1 2026 revenue was SEK 7,491 million, down 2.3% due to currency effects but up 9.3% currency-adjusted.

• EBITA reached SEK 946 million (12.6% margin), up from SEK 886 million; net income margin rose to 7.1%.

• Operating margin for Europe/LatAm was 10.2%; U.S. margin reached a record 17.9%.

• Cash conversion was 95% rolling 12 months, 84% in Q1.

• Ordinary and extraordinary dividends totaling SEK 20/share were approved.

Outlook and guidance

• Efficiency initiatives and business mix expected to support further margin expansion.

• Strategic acquisition in Peru anticipated to be immediately accretive to EPS and strengthen Latin American presence.

• Sustainability targets set to drive operational improvements and industry leadership.

• Ongoing review in Europe may lead to further restructuring in 2026, but at a lower level than 2025.

• Fuel cost indexation expected to support revenue as long as high fuel prices persist.