Loomis AB (publ) (LOOMIS) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

And welcome to the Loomis' second quarter 2026 presentation. My name is Aritz Larrea, and I'm the CEO of Loomis. With me here today are our CFO, Johan Wilsby, and Jenny Bostrom, our head of sustainability and investor relations. I'll start by providing a brief summary of our second quarter results before opening the floor for questions. Let's begin by turning to slide number two. We delivered a strong second quarter with revenue of almost 7.9 billion Swedish krona. Currency adjusted growth was about 9% driven by strong organic growth and contributions from acquisitions. During the quarter, we saw very strong growth in our international and FXGS business lines, driven by increased demand for the transportation of precious metals. We also continued to deliver strong growth in our automated solutions business line. We increased our EBITDA margin by more than one percentage point year-over-year to 14%. This represents the highest margin in our history, and I'm pleased to see that the restructuring and efficiency initiatives we have implemented continue to support margin expansion. Our robust cash flow enables us to continue investing in the business while also delivering attractive returns to our shareholders. Although quarterly operating cash flow was impacted by high working capital, we achieved a strong role in 12-month cash conversion of 95%. As we announced at our 2024 Capital Markets Day, we have the ambition to expand our footprint in Latin America, and we made significant progress towards that ambition during the quarter. In early July, we completed the acquisition of the Argentine cash-handling company, Transportadora del Interior. This acquisition doubles our operations in Argentina, giving us presence in the country's largest and economically strongest regions...