Loomis AB (publ) (LOOMIS) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the LUMIS AB Q1 2025 Report Conference Call. I am Moira, the call's call operator. I would like to remind you that all participants will be in listen-only mode and the conference has been recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Aritzel Larrea, President and CEO. Please go ahead. Thank you very much. Good morning, everyone, and welcome to the first quarter presentation for Loomis. My name is Aritzel Larrea, and I'm the CEO of Loomis. And with me here today, I have our CFO, Johan Wilsby, and Jenny Bostrom, our Head of Sustainability and Investment Relations. I'll start by providing a quick summary of our Q1 performance before taking questions. Let's start the presentation by turning to slide two. Loomis had a solid start to the year with organic revenue growth of 4.4% in the first quarter. We achieved revenues above 7.6 billion Swedish krona with growth across our three reporting segments. Notably, our international business line performed exceptionally well and we also saw double-digit growth in our automated solutions and FX business lines. Acquisitions had a limited impact on total growth, while currency effects had a slight positive impact. A favorable business mix and increased efficiency resulted in an improved operating margin of 11.6%, up from 10.4% in the prior year. We have successfully grown the business while reducing our employee count, supporting this margin expansion. Our operating cash flow this quarter was exceptionally strong. In the first quarter, opera...