Loomis AB (publ) Stock

Loomis AB (publ) offers a range of comprehensive solutions for cash handling. The company’s services, which are mainly directed towards banks and retailers, offer secure management of the physical flow of cash. It operates in 11 countries in Europe and in the USA with approximately 370 branches.

Loomis’ service lines

Cash in Transit: Cash in Transit consists mainly of the collection of cash receipts from retailers and from safe deposit boxes owned by Loomis, banks or retailers, as well as of cash deliveries to banks, Automated Teller Machines (ATMs) and stores.

Cash Management Services: Cash Management Services consist of the work carried out at Loomis’ approximately 220 cash centers. Counting, verification and quality controls are executed using counting technology. The Centers also store cash, allowing customers to place orders when needed.

Technical Services: Technical services are a relatively minor service line, but contribute to the company’s ability to offer comprehensive solutions to customers. Among other services, these operations consist of the technical servicing of ATMs.

Markets

The company operates in Austria, Denmark, Finland, France, Norway, Portugal, Slovenia, Spain, Sweden, Switzerland and the UK.

Customers

The company’s customers consist primarily of banks and retailers, as well as, to some extent, portions of the public sector. The largest customers are located in the USA, France, the UK and Spain. Customers within the public sector include municipalities and hospitals.

Competition

The company’s competitors are G4S in Europe and Brink’s in the USA.

History

Loomis AB was founded in 1852.