Annual and Sustainability Report 2024
Safe and efficient payment flows in society
Loomis' services play a critical role in supporting central banks, ensuring access to cash, and the continuity of payment flows. This role entails significant responsibility—not only to our customers but also to our employees and society at large. A cornerstone of fulfilling our role in the payment ecosystem is Loomis' strong corporate culture, grounded in three fundamental values: People, Service, and Integrity. This is how we contribute to an inclusive and resilient society.
President and CEO's statement
In 2024, Loomis had four ambitious commitments as a Group: two financial targets and two sustainability targets. By year-end, we successfully achieved all of them, strengthening our position through innovation and enhancement of our offerings. It was a positive year for our shareholders, and we now enter 2025 with a clear and compelling strategy for the future.
2024 marks the conclusion of a three-year strategic period that commenced during a time when Loomis faced the ongoing pressures of the pandemic and an uncertain future. As we conclude this period, we are in a significantly stronger position to deliver enhanced value. Throughout this time, we have focused on improving sales and operational efficiency, successfully completed and integrated acquisitions, and driven significant sustainability initiatives.
2024 marks the conclusion of a three-year strategic period that commenced during a time when Loomis faced the ongoing pressures of the pandemic and an uncertain future. As we conclude this period, we are in a significantly stronger position to deliver enhanced value. Throughout this time, we have focused on improving sales and operational efficiency, successfully completed and integrated acquisitions, and driven significant sustainability initiatives.
A strategy for profitable and sustainable growth
Over the years, Loomis has developed a stable business model that has proven to be resilient over time. Looking ahead, we aim for continued growth and increased total returns while striving to run a business that is sustainable for both people and the environment. To achieve our goals and continue to develop our business in a positive direction, we have defined clear strategic priorities for the coming years.
Generate growth and product expansion through M&A
Loomis' market is constantly evolving and the industry is characterized by, among other things, consolidation, rapid digitalization, and a growing demand for comprehensive and end-to-end solutions. This presents both challenges and exciting opportunities for growth.
Sustainability Statement
Loomis is committed to integrating sustainability into all aspects of business decision-making, and remains dedicated to delivering high-quality sustainability reporting. During this year, the company has initiated the implementation process of the EU Corporate Sustainability Reporting Directive (CSRD), with the goal of achieving compliance in the sustainability reporting by next year.