Loomis AB (publ) (LOOMIS) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much. Good morning, everyone, and welcome to the fourth quarter and full year 2025 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 fourth quarter, as well as our full year performance. and we'll also talk about our accomplishments for the first year of this strategic period before taking questions. Let's start the presentation by turning to slide two. We delivered a solid and positive performance in the fourth quarter, with revenues reaching 7.7 billion Swedish krona, despite a 10% negative impact from changes in exchange rates. Currency-adjusted growth reached 7.5%, driven by 4% organic growth, solid despite the headwinds in our ATM business, and a solid contribution from acquisitions. In the quarter, we saw very strong growth within the international and FXGS business lines due to an increased demand for the movement of precious metals, driven in part by geopolitical uncertainties. Our performance was driven not only by market conditions, but also by our expansion of the addressable market through the opening of new geographic lanes and our ability to capture global demand. We also continue to deliver strong growth within the automated solutions line of business during the quarter. The business mix, along with higher efficiency, resulted in an increased operating margin of 13.2% versus 12.9% in prior year, with an operating income of about 1 billion Swedish kronor. This is the highest EBITDA we have achieved for a fourth quarter, and I'm pleased to see that the restructuring and efficiency initiatives we have taken successfully growing the business witho...