Loomis AB (Series B)

Loomis AB is a holding company. Through its subsidiaries, Co. provides solutions for cash handling in the U.S., majority parts of Europe and in Argentina. Co. provides cash in transit (CIT), cash management services (CMS) and solutions which integrate CIT with CMS. The CIT service transports cash to and from stores, banks and automated teller machines (ATMs). The CMS service counts, quality controls and packages bills and coins in Co.'s cash centers. Co. also provides solutions for retail outlets and for maintenance of ATMs, as well as analysis, forecasting and reporting of customers' cash flow. The services are targeted at banks, retailers, commercial enterprises and the public sector.
  • TickerLOOM B
  • ISINSE0002683557
  • ExchangeNasdaq Nordic Stockholm
  • SectorSupport Services
  • CountrySweden
Daniel Thorsson

Loomis - Turning more digital through ”Loomis Pay”

Entering digital payments through GoAppified acquisition SEK 3bn sales in 5 years adds 15%, positive EBITA 2023 Target SME’s with cash & non-cash offering; BUY

Joachim Gunell ...
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mats Bye
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Aksel Øverland Engebakken ...
  • Daniel Thorsson
  • Erik Moberg
  • Olof Cederholm
  • Peter Kurt Nielsen

Talking Points - Hexagon (Hold): Great mix behind y-o-y margin expansion

Kindred Group plc (Buy) Post-results: Making strides in the US Limited earnings revisions, FX a slight headwind Maintain HOLD, valuation limits our enthusiasm

Karl-Johan Bonnevier

Loomis (Buy, TP: SEK320.00) - Quality at distressed valuation

Loomis’s Q2 US performance impressed, and the European challenge has eased since lockdowns were relaxed, setting up a strong earnings recovery case for H2 in our view. Solid financials allow the company to look for new opportunities. After rolling over our valuation to 2021e, we have raised our target price to SEK320 (300), despite cuts to our forecasts related to FX and non-cash items. We reiterate our BUY, with the shares in deep-value territory. We also see prospects of the board reinstating the dividend, indicating a Q4, yield of 5.3%.

Daniel Thorsson

Loomis - Clearly the trough is behind us

Q2 was better, recovery in Q3e but at a slow pace Very well managed quarter on cost, adj. EBITA +6-19% Unappreciated stock at 12x ‘21e P/E, BUY - TP SEK 295

Daniel Thorsson

Loomis - Turning more digital through ”Loomis Pay”

Entering digital payments through GoAppified acquisition SEK 3bn sales in 5 years adds 15%, positive EBITA 2023 Target SME’s with cash & non-cash offering; BUY

Aksel Øverland Engebakken ...
  • Daniel Thorsson
  • Erik Moberg
  • Olof Cederholm
  • Peter Kurt Nielsen

Talking Points - Hexagon (Hold): Great mix behind y-o-y margin expansion

Kindred Group plc (Buy) Post-results: Making strides in the US Limited earnings revisions, FX a slight headwind Maintain HOLD, valuation limits our enthusiasm

Karl-Johan Bonnevier

Loomis (Buy, TP: SEK320.00) - Quality at distressed valuation

Loomis’s Q2 US performance impressed, and the European challenge has eased since lockdowns were relaxed, setting up a strong earnings recovery case for H2 in our view. Solid financials allow the company to look for new opportunities. After rolling over our valuation to 2021e, we have raised our target price to SEK320 (300), despite cuts to our forecasts related to FX and non-cash items. We reiterate our BUY, with the shares in deep-value territory. We also see prospects of the board reinstating the dividend, indicating a Q4, yield of 5.3%.

Daniel Thorsson

Loomis - Clearly the trough is behind us

Q2 was better, recovery in Q3e but at a slow pace Very well managed quarter on cost, adj. EBITA +6-19% Unappreciated stock at 12x ‘21e P/E, BUY - TP SEK 295

Daniel Thorsson

Loomis - Clearly better than feared, US the shining star

Adj. EBITA –67% y-o-y, +46% vs cons Europe profitable in June, US improved Q2 margins y-o-y Relief in the share, up 5-10% today

Joachim Gunell ...
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mats Bye
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Karl-Johan Bonnevier ...
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Håkon Astrup ...
  • Jesper Ingildsen
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Frank Maaø ...
  • Håkon Astrup
  • Helene Kvilhaug Brøndbo
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

Eivind Sars Veddeng ...
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Niclas Gehin
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

LOOMIS AB sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of LOOMIS AB (SE), a company active in the Business Support Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date June 2, 2020, the closing price was SEK 265.80 and its potential was estimated at SEK 295.02.

Ford Equity International Rating and Forecast Report

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