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Loomis' reported a profit before tax of SEK 188 million for the second quarter of 2012 (98). Analysts had on average expected a profit of 176 million, according to SME Direkt the post office survey.
EBITA margin in the US operations remained at 8.4 per cent (6.9). Expected 8.1 percent.
The negative growth was caused by a number of customers was taken over in connection with the acquisition of Pendum's cash handling operation has chosen to use several different providers of cash handling services.
It appears from the interim report.
"I can confirm that we have strengthened our market share in most countries. The price has stabilized after a somewhat turbulent period, mainly in Europe, the end of the fourth quarter of 2011," writes Lars Blecko in the report's Ceo.
"The reason is the effect of that during the first quarter of deliberately terminated contracts with low profitability in France, and a weak performance in Spain which is a result of the ongoing structural transformation of the country's banking market," he writes on.
In the US, organic growth of the volume of assignments from American Pendum's cash handling, Loomis the post office took over in spring 2011, has decreased by about 15 percent since the acquisition.
Put systems and procedures in your company spanner in the works for future business?
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Investor's chairman the post office believes that the growth of listed companies is negligible. "You hear a lot about the continued rationalization, efficiency increases and so on. One hears, however very little about growth, "he the post office told Bloomberg. 4
Another strong week for the portfolio can be added to the documents. All three reporting the post office companies delivered. The reporting period is for the active portfolio's part [...] is buying four shares on the rebound Active portfolio subtracts Index
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The magazine Pär Magnusson future seem gloomy ...
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