Loomis (Buy, TP: SEK520.00) - Entering 2025 in strong fashion
Loomis’ Q4 results showed return to historically good form, with still-strong organic growth, the US operation excelling and Europe making a greater contribution. We have raised our 2025–2027e EPS by 3–8%, still viewing Loomis as a well-financed roll-up case, with the resources to drive sector consolidation and shareholder-friendly capital allocation. We reiterate our BUY, and have raised our target price to SEK520 (450).
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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