Loomis AB (publ) (LOOMIS) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Loomis Quarter 1, 2026 conference call. I'm Lorenzo, the chorus call operator. I would like to remind you that all participants will be in listen-only mode and the conferences be 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 Aritz Larrea, President and CEO. Please go ahead. Thank you very much. Good morning, everyone, and welcome to the first quarter of 2026 presentation for Loomis. My name is Aritz 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 investor relations. I'll start by providing a quick summary of our first quarter before opening for questions. Let's start the presentation by turning to slide number two. We delivered a strong first quarter with revenues close to $7.5 billion through this corona, despite an 11.6% negative impact from changes in exchanges rates. Currency adjusted growth reached 9.7% sorry, 9.3%, with both strong organic growth and contribution from acquisitions. During the quarter, we saw very strong growth within the international and FXCS business lines, driven by increased demand for the movement of precious metals, partly due to geopolitical uncertainties. We also continued to deliver strong growth in our automated solutions business line. We increased our EBITDA margin by one percentage point year over year to 12.6%, This represents our highest first quarter margin to date, and I'm pleased to see that the restructuring and efficiency initiatives we hav...