Loomis AB (publ) (LOOMIS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the LUMI Second Quarter 2025 Report Conference Call. I am Jota, the Chorus Call Operator. I would like to remind you that all participants will be in a listen-only mode and the conference is being recorded. The presentation will be followed by a question and answer 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 second quarter 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 second quarter performance before taking questions. Let's start the presentation by turning to slide number two. We delivered a solid performance in the second quarter, with revenues reaching 7.4 billion Swedish krona and organic growth of 3.8 percent. Acquisitions supported growth, while the strongest Swedish krona had a notable negative impact across all segments. Adjusted for currency effects, growth was close to 5%. The favorable business mix and improved efficiency led to an operating margin of 12.7%, up from 11.6% last year, making our highest second quarter margin to date. We've grown the business while reducing headcount, contributing to this margin improvement. Quarterly cash flow was affected by timing and working capital movement. However, on a rolling 12-month basis, cash conversion exceeded 100%. We encourage you to focus on the rolling fi...