Expecting bar to be raised higher
On 28 September, Loomis hosts its first CMD since 2014. We believe it could be a positive share price catalyst as new targets are likely to be ambitious and the company has a strong track record of meeting similarly ambitious targets. More details on the roll-out of the highly profitable SafePoint concept in the US and Europe as well as generating strong returns in cashless economies should also build further confidence in the long-term case. We reiterate our BUY recommendation and SEK345 target price.
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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