Loomis is the specialist in creating the most efficient cash flow in society. Our primary mission is to generate value for our shareholders and other stakeholders through a sustainable and profitable growth. Loomis aims to achieve this goal by securing an extended market presence, developing comprehensive cash handling solutions, and providing superior corporate governance.
Extended market presence
Loomis aspires to be one of the top two companies in each geographical market where the company operates. To achieve and maintain a leading market position, we will complement the organic growth with acquisitions, thus strengthening our position in existing markets in Europe and the United States.
Loomis also aims to enter and establish operations in at least two new markets annually. The countries in question are located primarily in Europe and Latin America. Latin America is a cash intensive continent where many countries experience high economic growth. We expect most of these emerging markets to be in need of a new cash handling operator.
Comprehensive solutions
The amount of cash in society is constantly increasing and financial institutions and retailers more and more frequently choose to outsource cash management. These trends constitute a growing market for Loomis both regarding cash in transit and cash management services. Cash in transit remains the core of our business, but a distinct transition towards focusing on comprehensive solutions for cash handling will gradually improve efficiency and our margins.
Superior corporate governance
We are continuously working to improve efficiency and profitability of our branch offices. Part of the work is to ensure that we get paid for the value our services provide.
The organization of Loomis is characterized by a far-reaching decentralization with big local responsibilities, both regarding profitability and business development. A main objective to be reached by 2014 is to reduce the percentage from 27 to 15 percent of branch offices that do not meet the profitability target.
We work hard to minimize the risk of harm facing our employees and other people connected to our operations. In order to prevent harm exposure, Loomis has formed a well functioning structure and systematic procedures for identifying and minimizing risks.
Financial objectives
The financial targets of Loomis are to achieve an operating margin of at least 10 percent by 2014 at the latest, a net debt level not exceeding 2.5 times operating income before depreciation and amortization, and operating cash flow amounting to at least 85 percent of the operating income.