Good Times Return for Cash Industry Leaders

February is when several of the leading listed companies in cash report their annual results for the previous year. In 2019, all bar one reported strong results and optimistic outlooks. Needless to say, this was before COVID struck, and the optimism was quickly overturned in 2020 as the pandemic took its toll.

But 2021 turned out to be an altogether better year, with all but one of the companies detailed here announcing increases in both sales and profits.

Loomis – sales, profit and outlook improve

Loomis’ revenue for 2021 of SEK 19.72 billion exceeded the previous year by 4.8%, of which SEK 1.05 billion was organic growth, a 5.6 % improvement. In Europe revenue grew by 3.9% to SEK 10.2 billion and in the US by 6% to SEK 9.64 billion. The company’s new segment, Loomis Pay – an end-to-end payment platform for merchants launched in September 2020 to manage cash, card and other digital payments - achieved revenue of SEK 11 million compared with SEK 7 million in 2021.