Loomis — Interim / Quarterly Report 2013

Nov 6, 2013

INTERIM REPORT

January–September 2013

Managing cash in society.

July – September 2013

• n Revenue SEK 2,897 million (2,788). Real growth 4 percent (0) and organic growth 4 percent (–2).
• n Operating income (EBITA)1) SEK 311 million (272) and operating margin 10.7 percent (9.8).
• n Income before taxes SEK 294 million (234) and income after taxes SEK 207 million (164).
• n Earnings per share SEK 2.76 (2.24) before dilution and SEK 2.76 after dilution (2.17).
• n Cash flow from operating activities SEK 368 million (362), equivalent to 119 percent (133) of operating income (EBITA).

January – September 2013

• n Revenue SEK 8,436 million (8,507). Real growth 2 percent (4) and organic growth 1 percent (0).
• n Operating income (EBITA)1) SEK 805 million (709) and operating margin 9.5 percent (8.3).
• n Income before taxes SEK 764 million (611) and income after taxes SEK 539 million (428).
• n Earnings per share SEK 7.21 (5.86) before dilution and SEK 7.15 after dilution (5.66).
• n Cash flow from operating activities SEK 637 million (547), equivalent to 79 percent (77) of operating income (EBITA).

1) Earnings Before Interest, Taxes and Amortization of acquisition-related intangible fixed assets, acquisition-related costs and revenue, and Items affecting comparability.

Operating margin (EBITA) 10 percent by 2014, at the latest 0 4 8 12 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Goal Operating margin (EBITA) per quarter Operating margin (EBITA) rolling 12 months % 2011 2012 2013

* Avser perioden 1 October 2012 – 30 September 2013 * Referes to the period October 1, 2012 – September 30, 2013

40–60 % of the Group's net income

Annual dividend in percent of the Group's income after tax

This is a translation of the original Swedish Interim Report. In the event of differences between the English translation and the Swedish original, the Swedish Interim Report shall prevail.

Financial goals

Comments by the President and CEO

It is also very gratifying to be able to present organic growth of 4 percent for the third quarter.

The third quarter was a strong one in which we saw improvement in almost all areas. Operating income, EBITA, amounted to SEK 311 million (272), which is equivalent to a margin for the quarter of 10.7 percent (9.8). Our focus on efficiency improvement at our branches is once again the main reason for the margin improvement, which is now up to 9.9 percent on a rolling 12-month basis. We are very close to our longterm operating margin goal of 10 percent. It is also very gratifying to be able to present organic growth of 4 percent (–2) for the third quarter. The main explanation for this is the numerous contracts we won at the end of 2012 and in 2013 so far, which are now clearly impacting our growth.

The operating margin in Europe was 13.7 percent (12.1) and organic growth was 4 percent (–2) for the quarter. The growth in the quarter is, as mentioned above, mainly the result of the fact that a number of the contracts we secured went into effect over the past few quarters. One example is the assignment for DNB in Norway and the contracts we received when a competitor in Sweden exited the market at the end of 2012. As regards the improved operating margin, I am happy to say that we have had positive earnings growth in most of the European countries.

The operating margin in the USA was 7.9 percent (8.5) and organic growth was 4 percent (–2) for the third quarter. The growth in the USA is mainly explained by increased revenue from Loomis SafePoint® and the fact that we secured several cash management contracts. Start-up costs relating to the new contracts and non-recurring costs relating to a few of our branches negatively affected operating income for the quarter. We expect the measures in place to lead to efficiency improvements over time.

Management changes, strategy and goals

On September 1, I took over as President and CEO of Loomis and my predecessor, Lars Blecko, took over my role as Executive Vice President and Regional President for our operation in the USA. This is an exciting change but one that was rather undramatic due to the fact that Lars and I have worked closely together on developing Loomis for a long time. The switch also paves the way for the next step of Loomis'

exciting journey. I have had the privilege of working at Loomis for almost seven years now; first as CFO, then as Regional President for our US operation and now as President and CEO. When we were listed on the stock exchange in 2008 we were convinced that we needed to create and implement a straightforward and clear business model that would make Loomis a strong and profitable company. Our objective was to improve our operating margin and strengthen and grow our market positions while taking advantage of new business opportunities. We have focused on efficiency improvement in all parts of our operations, with an emphasis on our branches and the branch managers. This model has worked well and has taken us from an operating margin of 5.3 percent in 2007 to our present margin of 9.9 percent on a rolling 12-month basis. The most important financial goal is an operating margin on a full-year basis of 10 percent by 2014, at the latest. With one year to go, we now have that goal in our sights. Everyone here at Loomis can be proud of that achievement. Does it mean that we are satisfied? Absolutely not.

As we now approach this financial goal, we are naturally starting to think about the next stage of Loomis' development. We will continue to strongly emphasize efficiency and profitability, but we will also sharpen our focus on growth. The changes we can consider making in the future should be described as a course adjustment, rather than a change of course, but there will still be changes that will make a difference. I intend to take the time necessary to work with my colleagues in our organization to lay out a path for the future.

In summary, we can be pleased with a good quarter with strong growth in both of our segments and a nine-month period in which our margin improved by 1.2 percentage points on the previous year. Loomis is in a strong position today and we are therefore ready to take the next step.

Jarl Dahlfors President and CEO

The Group and the segments in brief

	2013	2012	2013	2012	2012	R12
SEK m	Jul–Sep	Jul–Sep	Jan–Sep	Jan–Sep	Full year
Group total
Revenue	2,897	2,788	8,436	8,507	11,360	11,288
Real growth, %	4	0	2	4	3	2
Organic growth, %	4	–2	1	0	0	1
Operating income (EBITA)1)	311	272	805	709	1,019	1,114
Operating margin, %	10.7	9.8	9.5	8.3	9.0	9.9
Earnings per share before dilution, SEK	2.762)	2.243)	7.212)	5.863)	8.903)	10.244)
Earnings per share after dilution, SEK	2.76	2.17	7.15	5.66	8.60	10.10
Cash flow from operating activities as a % of operating income (EBITA)	119	133	79	77	84	85
Segment
Europe
Revenue	1,800	1,710	5,174	5,193	6,955	6,936
Real growth, %	4	0	2	2	2	2
Organic growth, %	4	–2	1	0	0	1
Operating income (EBITA)1)	246	206	575	517	736	794
Operating margin, %	13.7	12.1	11.1	10.0	10.6	11.4
USA
Revenue	1,098	1,077	3,262	3,314	4,405	4,352
Real growth, %	4	–1	2	6	5	2
Organic growth, %	4	–2	2	0	0	1
Operating income (EBITA)1)	87	92	307	275	400	431
Operating margin, %	7.9	8.5	9.4	8.3	9.1	9.9

1) Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue, and Items affecting comparability.

2) The average number of outstanding shares, which constitutes the basis for calculation of earnings per share before dilution, is 75,278,357 for the period July – September 2013 and 74,692,924 for the period January – September 2013. The average number includes 121,863 shares that are being held as treasury shares as of September 30, 2013 for Loomis' Incentive Scheme 2012. In accordance with agreements, the shares will be allotted to employees in the future.

3) The average number of outstanding shares, which constitutes the basis for calculation of earnings per share before dilution, is 73,011,780, which includes 132,318 shares that were held as treasury shares as of September 30, 2012 and December 31, 2012. The treasury shares were for Loomis' Incentive Scheme 2011 and have, in accordance with agreements, been allotted to employees. 4) The average number of outstanding shares, which constitutes the basis for calculation of earnings per share before dilution, is 74,276,000, which includes 121,863 shares that are being held as

treasury shares as of September 30, 2013 for Loomis' Incentive Scheme 2012. In accordance with agreements, the shares will be allotted to the employees in the future.

Operating margin (EBITA)

Operating margin (EBITA)

Revenue and income

2013	2012	2013	2012	2012	R12
Jul–Sep	Jul–Sep	Jan–Sep	Jan–Sep	Full year
2,897	2,788	8,436	8,507	11,360	11,288
311	272	805	709	1,019	1,114
303	251	799	656	988	1,131
294	234	764	611	932	1,085
207	164	539	428	650	760
4	0	2	4	3	2
4	–2	1	0	0	1
10.7	9.8	9.5	8.3	9.0	9.9

1) Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, acquisition-related costs and revenue, and Items affecting comparability.

July – September 2013

Revenue for the third quarter amounted to SEK 2,897 million (2,788) and both real growth and organic growth amounted to 4 percent (0 and –2 respectively). The positive revenue growth is mainly attributable to the contracts signed in the Swedish market in the latter part of 2012 and to increased revenue from cash management services (CMS) in the USA.

Operating income (EBITA) amounted to SEK 311 million (272) which includes positive exchange rate effects of SEK 4 million. The operating margin amounted to 10.7 percent (9.8). Most of the countries in the European segment demonstrated strong earnings growth and the Nordic countries made the biggest contribution to the improved income, while restructuring costs in the UK had a negative impact on operating income. The US segment's operating income for the quarter was charged with start-up costs for new cash management services (CMS) contracts and non-recurring costs aimed at achieving further efficiency improvements at a few branches.

The operating income for the quarter (EBIT) amounted to SEK 303 million (251) and includes acquisition-related costs of SEK –0 million ( –14).

Income before taxes of SEK 294 million (234) includes net financial items of SEK –9 million (–18). The comparative item was negatively impacted by a dispute that was lost in Denmark last year. The improvement is otherwise mainly attributable to lower average net debt and a lower interest level due to a commercial paper program launched earlier in the year.

The tax expense for the quarter amounted to SEK 87 million (70) and represents a tax rate of 29 percent (30).

January – September 2013

Revenue for the period amounted to SEK 8,436 million compared to SEK 8,507 million for the corresponding period the previous year. Real growth amounted to 2 percent (4) and the Group's organic growth was 1 percent (0). Revenue was positively affected by new assignments that started in both Europe and the USA in the latter part of 2012 and in 2013, but this was partially offset by the decline in revenue following the cancellation of low profitability contracts in France and the UK in 2012. Price increases implemented by the Group as a percentage of revenue exceeded wage increases in percent during the period.

Operating income (EBITA) amounted to SEK 805 million (709) which includes negative exchange rate effects of SEK –13 million. The operating margin improved to 9.5 percent (8.3). During the second quarter a non-recurring item was reported relating to the revaluation of the US subsidiary's medical and casualty provisions. This had a positive impact on operating income of around SEK 25 million. The continuous group-wide efforts to achieve improved efficiency, positive organic growth and an increase in the proportion of revenue from cash management services (CMS) have contributed to positive earnings growth in most countries.

The Group's staff turnover remained at an acceptable level of 23 percent (22).

Operating income (EBIT) amounted to SEK 799 million (656), which includes acquisition-related costs and revenue totaling SEK 29 million (–49) and an item affecting comparability of SEK –14 million (16). The acquisition-related item includes a repayment installment of SEK 41 million of the purchase price for Pendum's cash handling operations and the item affecting comparability is to a large extent attributable to a write-down of the book value of an operation within the European segment.

Income before tax of SEK 764 million (611) includes net financial items of SEK –35 million (–45). Due to the inclusion of the defined benefit pension liability in net debt from the beginning of 2013, the net financial position was negatively affected by SEK –6 million. The improved net financial position is otherwise mainly attributable to lower average net debt and a lower interest level.

The tax expense for the period amounted to SEK 225 million (183) which represents a tax rate of 29 percent (30).

The segments

LOOMIS EUROPE

	2013	2012	2013	2012	2012	R12
SEK m	Jul–Sep	Jul–Sep	Jan–Sep	Jan–Sep	Full year
Revenue	1,800	1,710	5,174	5,193	6,955	6,936
Real growth %	4	0	2	2	2	2
Organic growth, %	4	–2	1	0	0	1
Operating income (EBITA)1)	246	206	575	517	736	794
Operating margin, %	13.7	12.1	11.1	10.0	10.6	11.4

1) Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, acquisition-related costs and revenue, and Items affecting comparability.

Revenue and income – Europe

July – September 2013

Revenue for the third quarter amounted to SEK 1,800 million (1,710) and both real growth and organic growth amounted to 4 percent (0 and –2 respectively). The growth is mainly attributable to the contracts signed in Sweden during the latter part of 2012 but also to the assignments secured in Norway and Turkey in 2013.

Operating income (EBITA) amounted to SEK 246 million (206) and the operating margin improved to 13.7 percent compared to 12.1 percent for the corresponding period the previous year. The third quarter of 2012 was negatively affected by a non-recurring cost relating to a dispute that was lost in Denmark. After adjustment for the non-recurring item in 2012 the operating margin improved by 0.7 percentage points. The improvement is due to positive development in most of the European countries with the biggest contribution coming from the Nordic countries. The operating income for the quarter was negatively affected by restructuring costs relating to the UK operation.

January – September 2013

The European segment's revenue for the first nine months amounted to SEK 5,174 million (5,193). Real growth amounted 2 percent (2) and organic growth was 1 percent (0). The organic growth is mainly the result of the contracts signed in Sweden in the latter part of 2012 but also to the contracts secured in 2013 in Turkey and Norway. Growth for the period was negatively affected following the cancellation of low profitability contracts in the UK and France in 2012 and by somewhat lower volumes in parts of southern Europe.

Operating income (EBITA) for the period amounted to SEK 575 million (517) and the operating margin was 11.1 percent (10.0). The improvement in profitability is mainly attributable to positive earnings growth in most of the European countries, particularly in the Nordic region, but also to the fact that the operating income for 2012 was reduced by the cost of preventing overcapacity within the French and UK operations as a result of cancelled contracts. During the period the cost of restructuring the UK operation was compensated for by a positive non-recurring item relating to the existing defined benefit pension plans in the UK being closed for future accrual.

LOOMIS USA

	2013	2012	2013	2012	2012	R12
SEK m	Jul–Sep	Jul–Sep	Jan–Sep	Jan–Sep	Full year
Revenue	1,098	1,077	3,262	3,314	4,405	4,352
Real growth, %	4	–1	2	6	5	2
Organic growth, %	4	–2	2	0	0	1
Operating income (EBITA)1)	87	92	307	275	400	431
Operating margin, %	7.9	8.5	9.4	8.3	9.1	9.9

1) Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, acquisition-related costs and revenue, and Items affecting comparability.

Revenue and income – USA

July – September 2013

Revenue for the third quarter in the US segment amounted to SEK 1,098 million (1,077) and both real growth and organic growth were 4 percent (–1 and –2 respectively). Increased revenue from cash management services (CMS) is the main reason for the growth. CMS revenue amounted to 28 percent (25) of the segment's total revenue for the quarter.

Operating income was SEK 87 million (92) and the operating margin was 7.9 percent (8.5). The decline in the operating margin is a result of start-up costs for new contracts and non-recurring costs aimed at achieving further efficiency improvements at a few of the branches. The ongoing focus on cutting costs and improving efficiency continued and most of the branches continue experiencing a positive earnings growth.

January – September 2013

Revenue for the period amounted to SEK 3,262 million (3,314). Both real growth and organic growth amounted to 2 percent (6 and 0 respectively). The growth is explained by increased revenue from CMS.

Operating income (EBITA) amounted to SEK 307 million (275) and the operating margin was 9.4 percent (8.3). During the second quarter a non-recurring item of around SEK 25 million was reported relating to the revaluation of healthcare and casualty provisions, which had a positive impact on operating income. A continuous focus on preventive measures has resulted in a favorable indemnity trend which has affected the actuarial assumptions used as the basis for calculating the size of provisions. The operating margin was also positively affected by continuous efforts to cut costs and improve efficiency, which are yielding results, and by the fact that several branches are continuing to experience positive earnings growth. The margin improvement was also helped by the fact that the proportion of CMS in relation to the segment's total revenue continued to increase, amounting to 27 percent (24).

Cash flow

STATEMENT OF CASH FLOWS

	2013	2012	2013	2012	2012	R12
SEK m	Jul–Sep	Jul–Sep	Jan–Sep	Jan–Sep	Full year
Operating income (EBITA)1)	311	272	805	709	1,019	1,114
Depreciation	190	181	563	537	717	742
Change in accounts receivable	32	16	–36	3	54	14
Change in other operating working capital and other items	17	116	–236	–177	–182	–241
Cash flow from operating activities before investments	549	585	1,095	1,073	1,607	1,629
Investments in fixed assets, net	–181	–223	–458	–525	–747	–680
Cash flow from operating activities	368	362	637	547	860	949
Financial items paid and received	–11	–26	–36	–52	–63	–47
Income tax paid	–131	–9	–250	–182	–252	–320
Free cash flow	227	328	350	313	545	582
Cash flow effect of items affecting comparability	–1	–3	–3	–10	–10	–3
Acquisition of operations2)	–3	–7	–10	–286	–289	–13
Acquisition-related costs and revenue, paid and received3)	–0	–9	40	–39	–10	70
Dividend paid	–	–	–338	–273	–273	–338
Repayment of leasing liabilities	–6	–7	–24	–21	–21	–24
Change in interest-bearing net debt excl. liquid funds	–63	–237	–4	176	34	–146
Cash flow for the period	154	64	11	–140	–24	128
Liquid funds at beginning of the period	243	211	380	413	413	264
Translation differences in liquid funds	–9	–11	–4	–9	–8	–4
Liquid funds at end of the period	388	264	388	264	380	388
KEY RATIOS
Cash flow from operations as a % of operating income (EBITA)	119	133	79	77	84	85
Investments in relation to depreciation	1.0	1.2	0.8	1.0	1.0	0.9
Investments as a % of total revenue	6.2	8.0	5.4	6.2	6.6	6.0

1) Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, acquisition-related costs and revenue, and Items affecting comparability.

2) Acquisition of operations includes the cash flow effect of acquisition-related costs.

3) Refers to acquisition-related restructuring and integration costs. During the first quarter of 2013 and the fourth quarter of 2012 repayment installments of the purchase price for Pendum's cash handling operations were received in the amounts of SEK 41 million and SEK 33 million respectively.

Cash flow

July – September 2013

Cash flow from operating activities was SEK 368 million (362), equivalent to 119 percent (133) of operating income (EBITA).

An improvement in the number of customer credit days compared with the previous quarter had a positive effect on cash flow.

The cash flow effect of the change in other operating working capital and other items as well as changes in accounts receivable, amounted to SEK 49 million (132).

Net investments in fixed assets during the period amounted to SEK 181 million (223), which can be compared to depreciation of fixed assets of SEK 190 million (181). During the period investments of SEK 102 million (95) were made in vehicles and security equipment, which are the two main categories of recurring maintenance investments.

The item income tax paid includes a deposit of EUR 9 million relating to an ongoing tax audit in Spain. The outcome of the tax audit is, currently, not considered to have a material impact on the Group´s tax cost due to double taxation treaty.

January – September 2013

Cash flow from operating activities was SEK 637 million (547), equivalent to 79 percent (77) of operating income (EBITA).

The cash flow effect of changes in other operating working capital and other items as well as changes in accounts receivable was SEK –272 million (–174).

Net investments in fixed assets during the period amounted to SEK 458 million (525), which can be compared to depreciation of fixed assets of SEK 563 million (537). During the period investments of SEK 232 million (191) were made in vehicles and security equipment, which are two of the main categories of recurring maintenance investments.

Cash flow from paid and received acquisition-related costs and revenue was positively affected in the amount of SEK 41 million for a repayment installment of the purchase price for Pendum's cash handling operations.

Cash flow for the period includes a dividend to shareholders of SEK 338 million (273).

Capital employed

Capital employed amounted to SEK 6,156 million (6,070 as of December 31, 2012). The return on capital employed amounted to 18 percent (17 as of December 31, 2012).

Shareholders' equity and financing

Shareholders' equity amounted to SEK 3,914 million (3,595 as of December 31, 2012). Shareholders' equity increased during the year by SEK 164 million as a result of a new issue of 2,268,049 Class B shares. The new share issue was related to the conclusion of Loomis' warrant subscription program 2009/2013. The return on shareholders' equity was 19 percent (18 as of December 31, 2012) and the equity ratio was 43 percent (40 as of December 31, 2012).

The net debt amounted to SEK 2,241 million (2,475 as of December 31, 2012). The net debt was affected in the second quarter of 2013 by a dividend to shareholders of SEK 338 million (273).

Significant events and number of full-time employees

Significant events during the period

In January 2013 it was announced that Jarl Dahlfors, Executive Vice President and Regional President USA, had been appointed as President and CEO of Loomis. Jarl Dahlfors took up the post on September 1, 2013, taking over from Lars Blecko who took up the position as Executive Vice President and Regional President USA on the same date.

In February 2013 Loomis' UK subsidiary signed a partnership agreement with NCR whereby NCR will take over ATM technical service operations for ATMs in the UK. Under the agreement Loomis will purchase services from NCR in order to continue to offer its bank customers high quality service for their ATMs. The partnership creates competitive benefits and enables Loomis to provide a unique offering of combined services which brings opportunities for new business in the UK. In total approximately 150 technicians will have a new employer, although they will still be serving some of the same customers.

In February 2013 Loomis completed a first issue under a commercial paper program. The program enables Loomis to issue commercial papers up to a total amount of SEK 1,500 million. The commercial papers can be issued with a term to maturity of up to 12 months. The commercial paper program supplements Loomis' core financing, diversifies the Company's debt structure, and allows for more flexibility in the management of debt and liquidity. Loomis expects the program to have a positive impact on the Group's net financial items.

In March 2013 it was announced that Loomis' warrant subscription program 2009/2013 was about to be concluded. As a result of the conclusion process, the number of Class B shares increased in March by 2,219,479 and Loomis AB received SEK 160 million in connection with the new share issue. In July 2013 the warrant subscription program was concluded resulting in an increase in the number of Class B shares of 48,570 and an additional SEK 4 million for Loomis AB. As of September 30, 2013, Loomis AB's share capital was SEK 376,399,145. The number of shares in the Company is 75,279,829 of which 3,428,520 are Class A shares carrying ten votes each, and 71,851,309 are Class B shares carrying one vote each. The total number of votes in Loomis AB (publ) following the conclusion of the warrant subscription program is 106,136,509. The subscription period for the shares was March 1 to May 31, 2013 and the subscription price was SEK 72.50 per share.

In March 2013 negotiations were concluded concerning a possible additional repayment of the purchase price for the acquisition of Pendum's cash handling operations. The negotiations resulted in a payment to Loomis of an additional USD 6.3 million (approximately SEK 41 million) in the first quarter of 2013. Similar to the first repayment of USD 4.9 million (approximately SEK 33 million), which was received in the fourth quarter of 2012, this repayment was also reported as acquisition-related revenue. Acquisition-related revenue is not included in operating income (EBITA). Combined, the repayments total USD 11.2 million (approximately SEK 74 million).

During the period March 20 – 22, 2013 and as of May 16, 2013, Loomis AB repurchased a total of 71,869 Class B shares. The repurchased shares constitute a portion of the shares that will be transferred to participants in Loomis Incentive Scheme 2012. As of September 30, 2013, Loomis AB held 121,863 Class B treasury shares.

In April 2013 Loomis' US subsidiary secured an assignment with one of USA's largest banks to take over its cash management operations at four locations, including two of the bank's major units in Houston and San Diego. Under this assignment the bank branches' cash will be processed at Loomis' cash centers instead of in the banks' own vaults. The assignment began in June 2013 and has an annual order value of approximately USD 7 million. The order value for 2013 amounts to approximately USD 3 million.

At the Annual General Meeting on May 6, 2013, Ingrid Bonde and Cecilia Daun Wennborg were elected as new board members. The 2013 Annual General Meeting also voted in favor of the Board's proposal to introduce an incentive scheme (Incentive Scheme 2013) which will involve two thirds of the participants' variable remuneration being paid out in cash in the year after it is earned. The remaining one third will be in the form of Class B shares in Loomis AB which will be allotted at the beginning of 2015. To enable Loomis to allot these shares, the Annual General Meeting resolved that Loomis AB will enter into a share swap agreement with a third party under which the third party will acquire the Loomis shares in its own name and transfer them to the incentive scheme participants.

In May 2013 it was announced that Loomis' Turkish subsidiary had signed a three-year agreement with HSBC for cash in transit and cash management services. Under the agreement, which initially covers a three-year period, Loomis will supply cash to approximately 260 bank branches and approximately 470 ATMs in 16 cities. The agreement means that Loomis, for the first time, will be responsible for the entire cash management operation for a large customer in Turkey. It also represents an important step for Loomis towards becoming a nationwide operator in Turkey. It was also announced that Loomis' Turkish subsidiary had won several prestigious contracts in 2013, including a two-year contract with Istanbul Ulasim, Istanbul's subway system. Under this agreement, Loomis will supply ticket vending machines and entrance gates along five subway lines with cash and will also be responsible for cash processing. The Turkish subsidiary has also secured an expanded contract with ING in Turkey. The renewed contract covers more than 200 of ING's bank branches and spans three years. The combined annual contract value for HSBC, Istanbul Ulasim and ING is approximately SEK 40 million.

In June 2013 Loomis' Norwegian subsidiary was appointed by DNB, Norway's largest bank, to manage all of the bank's cash handling services in Norway. The assignment covers cash in transit (CIT), cash management services (CMS) and responsibility for managing 880 machines, more than 300 of which are ATMs. The contract covers a period of three years and includes an option for DNB to extend the contract for an additional two years. The total annual contract value is expected to exceed NOK 100 million and the contract went into effect on September 1, 2013. The contract, which is strategically important and makes Loomis the market leader in Norway, is the single largest contract the Group has secured since the Company was listed on the stock exchange in 2008.

Number of full-time employees

The average number of full-time employees for the rolling twelve-month period was 19,378 (19,448 for the full year 2012). The ongoing cost-saving programs have primarily reduced the number of overtime hours and temporary employees, but have also reduced the number of regular employees.

Risks and uncertainties

Operational risks

Operational risks are risks associated with the day-to-day operations and the services offered by the Company to its customers. These risks can result in negative consequences when the services performed do not meet the established requirements and result in loss of or damage to property or personal injury.

Loomis' strategy for operational risk management is based on two fundamental principles:

• No loss of life
• Balance between profitability and risk of theft and robbery.

Although the risk of robbery is unavoidable in cash handling, Loomis continually strives to minimize this risk. The most vulnerable situations are at the roadside, in the vehicles and during cash processing.

Loomis' operations are insured in such a way that the maximum cost of each theft or robbery incident is limited to the deductible amount.

The Parent Company, Loomis AB, is deemed not to have any significant operational risks as the Company does not engage in operations other than the conventional control of subsidiaries and the management of certain Group matters. The major risks deemed to apply to the Parent Company relate to fluctuations in exchange rates, particularly as regards USD and EUR, increased interest rates and the risk of possible impairment of assets.

Factors of uncertainty

The economic trend in the first nine months of 2013 impacted certain countries and geographic areas negatively, and it cannot be ruled out that revenue and income may be impacted during the remainder of 2013.

Changes in general economic conditions can have various effects on the market for cash handling services, such as changes in the consumption level, the proportion of cash purchases compared with credit card purchases, the risk of robbery and bad debt losses as well as the rate of staff turnover.

Seasonal variations

The Company's earnings fluctuate across the seasons and this should be taken into consideration when making assessments on the basis of interim financial information. The primary reason for these seasonal variations is that the need for cash handling services increases during the summer vacation period, July and August, and during the holiday season at the end of the year, i.e. November and December.

Parent Company

SUMMARY STATEMENT OF INCOME

	2013	2012	2012
SEK m	Jan–Sep	Jan–Sep	Full year
Gross profit	201	208	199
Operating income (EBIT)	123	127	73
Income after financial items	315	–128	73
Net income for the period	295	–125	16

SUMMARY BALANCE SHEET

	2013	2012	2012
SEK m	Sep 30	Sep 30	Dec 31
Fixed assets	7,373	7,333	7,355
Current assets	742	487	475
Total assets	8,115	7,820	7,830
Shareholders' equity	4,6471)	4,3592)	4,5073)
Liabilities	3,468	3,461	3,323
Total shareholders' equity and liabilities	8,115	7,820	7,830

1) As of September 30, 2013 there were 121,863 Class B treasury shares held for subsequent allotment to employees in accordance with Incentive Scheme 2012. 2) As of September 30, 2012 there were 132,318 Class B treasury share held for subsequent allotment to employees in accordance with Incentive Scheme 2011. 3) As of December 31, 2012 there were 132,318 Class B treasury shares held for subsequent allotment to employees in accordance with Incentive Scheme 2011.

The Parent Company does not engage in any operating activities. It is only involved in Group management and support functions. The average number of full-time employees at the head office during the first nine months of 2013 was 18.

The Parent Company's revenue mainly comes from franchise fees and other revenue from subsidiaries. The change in income after financial items is explained by the write-down in 2012 of the book value of the shares in the UK subsidiary in

the amount of SEK 468 million. The write-down was carried out to ensure the consistency of the book value in the Parent Company with the book value in the Group, for which reason the write-down had no effect on the Group's statement of income or balance sheet.

The Parent Company's fixed assets consist mainly of shares in subsidiaries and loan receivables from subsidiaries. The liabilities are mainly interest-bearing liabilities.

Other significant events

For critical estimates and assessments as well as contingent liabilities, please refer to pages 53 and 80 of the 2012 Annual Report. As there have been no other significant changes to the events described in the Annual Report, no further comments have been made on these matters in this interim report.

Accounting principles

The Group's financial reports are prepared in accordance with the International Financial Reporting Standards (IAS/ IFRS, as adopted by the European Union) issued by the International Accounting Standards Board and statements issued by the International Financial Reporting Interpretations Committee (IFRIC).

This interim report has been prepared according to IAS 34 Interim Financial Reporting. The most important accounting principles according to IFRS, which are the accounting standards used in the preparation of this interim report, are described in Note 2 on pages 47–52 of the 2012 Annual Report.

As of January 1, 2013, the Group is applying the EU-adopted amended standard IAS 19 Employee Benefits. The amendment means that past service costs are recognized immediately. Interest expenses and the expected return on plan assets are replaced by net interest calculated applying the discount rate based on the net surplus or net deficit in the defined benefit plan. For years prior to 2013 the impact is not expected to amount to significant amounts. The costs relating to defined-benefit compensation are expected to increase by approximately SEK 10 million annually before tax. The Group's accounts have also been affected by a reclassification of the pension liability to an interest-bearing liability which is included in the net debt. As a result of this reclassification, the net interest is recognized as a financial expense.

The issued commercial papers are categorized as long-term liabilities. Previous periods have been restated accordingly.

The Parent Company's financial reports are prepared in accordance with the Swedish Annual Accounts Act and recommendation RFR 2 Accounting for Legal Entities. The most important accounting principles with respect to the Parent Company can be found in Note 36 on page 86 of the 2012 Annual Report.

Outlook for 2013

The Company is not providing any forecast information for 2013.

Stockholm, November 6, 2013

Jarl Dahlfors President and CEO

This report has not been reviewed by the Company's auditors.

STATEMENT OF INCOME

	2013	2012	2013	2012	2012	2011	R12
SEK m	Jul–Sep	Jul–Sep	Jan–Sep	Jan–Sep	Full year	Full year
Revenue, continuing operations	2,897	2,734	8,398	8,186	10,983	10,441	11,195
Revenue, acquisitions	–	53	38	322	376	532	93
Total revenue	2,897	2,788	8,436	8,507	11,360	10,973	11,288
Production expenses	–2,209	–2,131	–6,492	–6,631	–8,781	–8,556	–8,642
Gross income	688	657	1,944	1,877	2,579	2,417	2,646
Selling and administration expenses	–378	–384	–1,139	–1,167	–1,560	–1,506	–1,532
Operating income (EBITA)1)	311	272	805	709	1,019	912	1,114
Amortization of acquisition-related intangible assets	–7	–8	–21	–21	–28	–21	–28
Acquisition-related costs and revenue2)	–0	–14	29	–49	–18	–42	60
Items affecting comparability	–	–	–143)	164)	164)	–445)	–143)
Operating income (EBIT)	303	251	799	656	988	805	1,131
Net financial items	–9	–18	–35	–45	–56	–62	–46
Income before taxes	294	234	764	611	932	743	1,085
Income tax	–87	–70	–225	–183	–282	–230	–325
Net income for the period6)	207	164	539	428	650	513	760
KEY RATIOS
Real growth, %	4	0	2	4	3	7	2
Organic growth, %	4	–2	1	0	0	1	1
Gross margin, %	23.8	23.6	23.0	22.1	22.7	22.0	23.4
Selling and administration expenses as % of total revenue	–13.0	–13.8	–13.5	–13.7	–13.7	–13.7	–13.6
Operating margin (EBITA), %	10.7	9.8	9.5	8.3	9.0	8.3	9.9
Tax rate, %	29	30	29	30	30	31	30
Net margin, %	7.2	5.9	6.4	5.0	5.7	4.7	6.7

1) Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue and Items affecting comparability.

2) Acquisition-related costs and revenue for the period January – September 2013, refer to transaction costs of SEK –5 million (–7), restructuring costs of SEK –6 million (–42) and integration costs of

SEK –1 million (0) as well as a repayment installment of the purchase price attributable to the cash handling operations of Pendum in the amount of SEK 41 million (0). Transaction costs for the period January – September 2013 amount to SEK 0 million for acquisitions in progress, to SEK –5 million for completed acquisitions and to SEK 0 million for discontinued acquisitions.

3) Items affecting comparability, SEK –14 million is to a large extent attributable to a write-down of book values in an operation within the European segment. 4) Items affecting comparability refers to a reversal of part of the provision of SEK 59 million which was made in 2007, attributable to overtime compensation in Spain. In total, SEK 25 million has been reversed.

5) Of the items affecting comparability, SEK –53 million refers to incorrect valuation of assets and liabilities in the Austrian subsidiary, and SEK 9 million refers to a reversal of part of the provision of SEK 59 million which was made in 2007, attributable to overtime compensation in Spain.

6) Net income for the period is entirely attributable to the owners of the Parent Company.

STATEMENT OF COMPREHENSIVE INCOME

	2013	2012	2012	2011	R12
SEK m	Jan–Sep	Jan–Sep	Full year	Full year
Net income for the period	539	428	650	513	760
Other comprehensive income
Items that will not be reclassified to the statement of income
Actuarial gains and losses after tax	–6	–25	–34	–30	–15
Items that may be reclassified to the statement of income
Exchange rate differences	–36	–155	–144	43	–25
Cash flow hedges	–	3	3	4	–
Other revaluation2)	–	–	–	–	–
Other comprehensive income and expenses for the period, net after tax	–42	–177	–175	17	–41
Total comprehensive income for the period1)	497	251	474	530	720

1) Comprehensive income for the period is entirely attributable to the owners of the Parent Company.

2) Relates to revaluation of a contingent consideration for the acquisition of Pendum's cash handling operations. A repayment installment of SEK 33 million was received in Q4 2012 and has been recycled to the statement of income, and an additional repayment installment of SEK 41 million was received in Q1 2013 and has been recycled to the statement of income, which is why the impact on other comprehensive income is nil. Negotiations have been concluded and no further repayments will be received.

BALANCE SHEET

	2013	2012	2012	2011
SEK m	Sep 30	Sep 30	Dec 31	Dec 31
ASSETS
Fixed assets
Goodwill	3,296	3,310	3,317	3,281
Acquisition-related intangible assets	131	159	153	155
Other intangible assets	90	86	93	82
Tangible fixed assets	2,779	2,822	2,865	2,887
Non-interest-bearing financial fixed assets2)	399	409	414	458
Interest-bearing financial fixed assets1) 2)	71	65	66	65
Total fixed assets	6,766	6,850	6,907	6,927
Current assets
Non-interest-bearing current assets	1,846	1,849	1,689	1,728
Interest-bearing financial current assets1)	19	17	10	1
Liquid funds	388	264	380	413
Total current assets	2,253	2,130	2,079	2,142
TOTAL ASSETS	9,020	8,980	8,986	9,069
SHAREHOLDERS' EQUITY AND LIABILITIES
Shareholders' equity3)	3,914	3,371	3,595	3,397
Long-term liabilities
Interest-bearing long-term liabilities2)	2,042	3,035	2,883	2,998
Non-interest-bearing provisions2)	590	621	663	642
Total long-term liabilities	2,632	3,655	3,547	3,640
Current liabilities
Tax liabilities	88	214	74	169
Non-interest-bearing current liabilities	1,708	1,710	1,722	1,837
Interest-bearing current liabilities	677	29	48	25
Total current liabilities	2,473	1,954	1,845	2,032
TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES	9,020	8,980	8,986	9,069
KEY RATIOS
Return of shareholders' equity, %	19	18	18	15
Equity ratio, %	43	38	40	37

1) All derivatives are recognized at fair value on the balance sheet date in accordance with IFRS.

2) As of the beginning of the 2013 financial year the defined benefit pension obligation is included in net debt. To reflect this change the comparative figures have been adjusted.

3) Shareholders' equity in its entirety is attributable to the owners of the Parent Company.

DATA PER SHARE

	2013	2012	2013	2012	2012	2011	R12
SEK	Jul–Sep	Jul–Sep	Jan–Sep	Jan–Sep	Full year	Full year
Earnings per share before dilution	2.761)	2.242)	7.211)	5.862)	8.902)	7.033)	10.244)
Earnings per share after dilution	2.76	2.17	7.15	5.66	8.60	6.79	10.10
Shareholders' equity per share	52.00	44.62	52.00	44.62	47.57	44.96	52.00
Cash flow from operating activities per share	5.40	7.12	10.70	10.45	16.40	15.92	16.67
Dividend	–	–	4.50	3.75	3.75	3.50	4.50
Number of outstanding shares (millions)	75.3	73.0	75.3	73.0	73.0	73.0	75.3
Average number of outstanding shares (millions)	75.31)	73.02)	74.71)	73.02)	73.02)	73.03)	74.34)

1) The average number of outstanding shares, which constitutes the basis for calculation of earnings per share before dilution, is 75,278,357 for the period July – September 2013 and 74,692,924 for the period January – September 2013. The average number of outstanding shares includes 121,863 shares that are being held as treasury shares as of September 30, 2013. The treasury shares are for Loomis' Incentive Scheme 2012 and will, in accordance with agreements, be allotted to employees in the future.

2) The average number of outstanding shares, which constitutes the basis for calculation of earnings per share before dilution, is 73,011,780, which includes 132,318 shares that were held as treasury shares as of September 30, 2012 and December 31, 2012. The treasury shares were for Loomis' Incentive Scheme 2011 and have, in accordance with agreements, been allotted to employees. 3) The average number of outstanding shares, which constitutes the basis for calculation of earnings per share before dilution, is 73,011,780, which includes 124,109 shares that were held as treasury

shares as of December 31, 2011. The treasury shares were for Loomis' Incentive Scheme 2010 and have, in accordance with agreements, been allotted to employees. 4) The average number of outstanding shares, which constitutes the basis for calculation of earnings per share before dilution, is 74,276,000, which includes 121,863 shares that are being held as treasury shares as of September 30, 2013. The treasury shares are for Loomis' Incentive Scheme 2012 and will, in accordance with agreements, be allotted to employees in the future.

ADDITIONAL INFORMATION INTANGIBLE ASSETS

		Sep 30, 2013			Sep 30, 2012		Dec 31, 2012
SEK m	Goodwill	Acquisition related	Other	Goodwill	Acquisition related	Other	Goodwill	Acquisition related	Other
Opening balance	3,317	153	93	3,281	155	82	3,281	155	82
Acquisitions/Investments	–	–	15	217	29	20	217	29	32
Amortization/Impairment	–	–21	–16	–	–21	–14	–	–28	–19
Exchange rate differences	–21	–1	–2	–188	–4	–2	–181	–3	–1
Reclassifications	–	–	–0	–	–	0	–	–	–1
Closing balance	3,296	131	90	3,310	159	86	3,317	153	93

CHANGE IN SHAREHOLDERS' EQUITY

	2013	2012	2012	2011	R12
SEK m	Jan–Sep	Jan–Sep	Full year	Full year
Opening balance	3,595	3,397	3,397	3,123	3,371
Actuarial gains and losses after tax	–6	–25	–34	–30	–15
Exchange rate differences	–36	–155	–144	43	–25
Cash flow hedges	–	3	3	4	–
Total other comprehensive income	–42	–177	–175	17	–41
Net income for the period	539	428	650	513	760
Total comprehensive income	497	251	474	530	720
Dividend paid to Parent Company's shareholders	–338	–273	–273	–256	–338
Share-related remuneration1)	–3	–4	–4	–1	–2
New share issue related to warrants	164	–	–	–	164
Other revaluation2)	–	–	–	–	–
Closing balance	3,914	3,371	3,595	3,397	3,914

1) Including the repurchase of warrants.

2) Relates to a revaluation of a contingent consideration for the acquisition of Pendum's cash handling operations. A repayment installment of SEK 33 million was received in Q4 2012 and has been recycled to the statement of income, and an additional repayment installment of SEK 41 million was received in Q1 2013 and has been recycled to the statement of income, which is why the impact on other comprehensive income is nil. No further repayments relating to Pendum will be received.

STATEMENT OF CASH FLOWS

	2013	2012	2013	2012	2012	2011	R12
SEK m	Jul–Sep	Jul–Sep	Jan–Sep	Jan–Sep	Full year	Full year
Income before taxes	294	234	764	611	932	743	1,085
Items not affecting cash flow, items affecting comparability and acquisition-related costs	195	181	564	535	687	763	717
Income tax paid	–131	–9	–250	–182	–252	–274	–320
Change in accounts receivable	32	16	–36	3	54	28	14
Change in other operating working capital and other items	17	116	–236	–177	–182	–58	–241
Cash flow from operations	407	538	805	790	1,239	1,203	1,255
Cash flow from investment activities	–184	–230	–428	–811	–1,003	–1,533	–619
Cash flow from financing activities	–69	–244	–366	–119	–261	480	–508
Cash flow for the period	154	64	11	–140	–24	150	128
Liquid funds at beginning of the period	243	211	380	413	413	259	264
Translation differences in liquid funds	–9	–11	–4	–9	–8	3	–4
Liquid funds at end of the period	388	264	388	264	380	413	388
KEY RATIOS
Cash flow from operations per share, SEK	5.40	7.12	10.70	10.45	16.40	15.92	16.67

STATEMENT OF CASH FLOWS, ADDITIONAL INFORMATION

	2013	2012	2013	2012	2012	2011	R12
SEK m	Jul–Sep	Jul–Sep	Jan–Sep	Jan–Sep	Full year	Full year
Operating income (EBITA)1)	311	272	805	709	1,019	912	1,114
Depreciation	190	181	563	537	717	658	742
Change in accounts receivable	32	16	–36	3	54	28	14
Change in other operating working capital and other items	17	116	–236	–177	–182	–58	–241
Cash flow from operating activities before investments	549	585	1,095	1,073	1,607	1,540	1,629
Investments in fixed assets, net	–181	–223	–458	–525	–747	–840	–680
Cash flow from operating activities	368	362	637	547	860	700	949
Financial items paid and received	–11	–26	–36	–52	–63	–62	–47
Income tax paid	–131	–9	–250	–182	–252	–274	–320
Free cash flow	227	328	350	313	545	364	582
Cash flow effect of items affecting comparability	–1	–3	–3	–10	–10	–1	–3
Acquisition of operations2)	–3	–7	–10	–286	–289	–667	–13
Acquisition-related costs and revenue, paid and received3)	–0	–9	40	–39	–10	–26	70
Dividend paid	–	–	–338	–273	–273	–256	–338
Repayments of leasing liabilities	–6	–7	–24	–21	–21	–6	–24
Change in interest-bearing net debt excluding liquid funds	–63	–237	–4	176	34	741	–146
Cash flow for the period	154	64	11	–140	–24	150	128
KEY RATIOS
Cash flow from operating activities as % of operating income (EBITA)	119	133	79	77	84	77	85
Captial expenditure in relation to depreciation	1.0	1.2	0.8	1.0	1.0	1.3	0.9
Captial expenditure in % of total revenue	6.2	8.0	5.4	6.2	6.6	7.7	6.0

1) Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue and Items affecting comparability.

2) Acquisition of operations includes the cash flow effect of acquisition-related costs.

3) Refers to acquisition-related restructuring and integration costs. During the first quarter of 2013 and the fourth quarter of 2012 repayment installments of the purchase price for Pendum's cash handling operations were received in the amounts of SEK 41 million and SEK 33 million respectively.

SEGMENT OVERVIEW STATEMENT OF INCOME

	2013	2012	2013	2012	2012	2011	R12
SEK m	Jul–Sep	Jul–Sep	Jan–Sep	Jan–Sep	Full year	Full year
Europe
Revenue	1,800	1,710	5,174	5,193	6,955	6,934	6,936
Real growth, %	4	0	2	2	2	3	2
Organic growth, %	4	–2	1	0	0	2	1
Operating income (EBITA)1)	246	206	575	517	736	714	794
Operating margin (EBITA), %	13.7	12.1	11.1	10.0	10.6	10.3	11.4
USA
Revenue	1,098	1,077	3,262	3,314	4,405	4,039	4,352
Real growth, %	4	–1	2	6	5	12	2
Organic growth, %	4	–2	2	0	0	0	1
Operating income (EBITA)1)	87	92	307	275	400	295	431
Operating margin (EBITA), %	7.9	8.5	9.4	8.3	9.1	7.3	9.9
Other 2)
Revenue	–	–	–	–	–	–	–
Operating income (EBITA)1)	–22	–26	–77	–82	–117	–97	–111
Group total
Revenue	2,897	2,788	8,436	8,507	11,360	10,973	11,288
Real growth, %	4	0	2	4	3	7	2
Organic growth, %	4	–2	1	0	0	1	1
Operating income (EBITA)1)	311	272	805	709	1,019	912	1,114
Operating margin (EBITA), %	10.7	9.8	9.5	8.3	9.0	8.3	9.9

SEGMENT OVERVIEW STATEMENT OF INCOME – BY QUARTER

		2013		2012			2011
SEK m			Jul–Sep Apr–Jun Jan–Mar Oct–Dec			Jul–Sep Apr–Jun Jan–Mar Oct–Dec			Jul–Sep
Europe
Revenue	1,800	1,733	1,641	1,762	1,710	1,764	1,720	1,778	1,813
Real growth, %	4	2	–1	2	0	2	5	4	4
Organic growth, %	4	2	–3	0	–2	–2	3	3	2
Operating income (EBITA)1)	246	181	148	219	206	158	152	204	218
Operating margin (EBITA), %	13.7	10.4	9.0	12.4	12.1	9.0	8.8	11.5	12.0
USA
Revenue	1,098	1,099	1,065	1,091	1,077	1,134	1,102	1,104	1,069
Real growth, %	4	2	0	1	–1	3	18	17	18
Organic growth, %	4	2	0	0	–2	–1	3	1	0
Operating income (EBITA)1)	87	127	93	125	92	95	88	89	75
Operating margin (EBITA), %	7.9	11.6	8.7	11.5	8.5	8.4	8.0	8.1	7.0
Other 2)
Revenue	–	–	–	–	–	–	–	–	–
Operating income (EBITA)1)	–22	–31	–23	–34	–26	–28	–28	–28	–20
Group total
Revenue	2,897	2,832	2,706	2,852	2,788	2,898	2,822	2,881	2,882
Real growth, %	4	2	–1	2	0	3	9	8	9
Organic growth, %	4	2	–2	0	–2	–1	3	2	1
Operating income (EBITA)1)	311	276	218	310	272	225	212	266	273
Operating margin (EBITA), %	10.7	9.8	8.0	10.9	9.8	7.8	7.5	9.2	9.5

1) Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue, and Items affecting comparability.

2) The category Other consists of the Parent Company's costs and certain other group-wide costs.

SEGMENT OVERVIEW BALANCE SHEET – BY QUARTER

	2013
Sep 30	Jun 30	Mar 31	Dec 31	Sep 30	Jun 30	Mar 31	Dec 31	Sep 30
4,229	4,177	3,974	4,107	4,077	4,302	4,328	3,988	4,085
1,517	1,491	1,372	1,553	1,496	1,583	1,653	1,598	1,648
4,031	4,231	4,095	4,052	4,066	4,314	4,105	4,130	4,071
555	540	540	596	598	608	601	639	756
759	619	990	827	838	802	921	951	762
3,033	3,159	3,268	3,242	3,515	3,886	3,653	3,434	3,299
3,914	3,837	3,880	3,595	3,371	3,341	3,446	3,397	3,214
			8,986	8,980			9,069	8,917
			5,391	5,609			5,672	5,703
3,914	3,837	3,880	3,595	3,371	3,341	3,446	3,397	3,214
	9,020 5,105	9,027 5,190	9,060 5,180			2012 9,417 6,076	9,354 5,908	2011

QUARTERLY DATA

	2013			2012				2011
SEK m			Jul–Sep Apr–Jun Jan–Mar Oct–Dec			Jul–Sep Apr–Jun Jan–Mar Oct–Dec			Jul–Sep
Statement of Income
Revenue	2,897	2,832	2,706	2,852	2,788	2,898	2,822	2,881	2,882
Gross income	688	660	595	702	657	620	600	659	639
Operating income (EBITA)1)	311	276	218	310	272	225	212	266	273
Operating income (EBIT)	303	248	247	333	251	204	201	262	262
Key ratios
Operating margin (EBITA), %	10.7	9.8	8.0	10.9	9.8	7.8	7.5	9.2	9.5
Cash flow
Operations	407	302	96	450	538	128	123	504	418
Investment activities	–184	–197	–47	–192	–230	–218	–363	–337	–217
Financing activities	–69	–490	192	–142	–244	–4	130	–68	–64
Cash flow for the period	154	–385	242	116	64	–94	–110	100	137
Key ratios
Cash flow from operations per share, SEK	5.40	4.02	1.28	5.95	7.12	1.70	1.63	6.67	5.53
Capital employed and financing
Operating capital employed	2,743	2,818	2,685	2,631	2,618	2,868	2,712	2,493	2,412
Goodwill	3,296	3,414	3,291	3,317	3,310	3,505	3,360	3,281	3,276
Acquisition-related intangible assets	131	142	144	153	159	172	163	155	163
Other operating capital	–14	–62	–87	–31	2	33	–52	14	38
Operating capital	6,156	6,312	6,033	6,070	6,089	6,578	6,184	5,943	5,889
Key ratios
Operating capital employed as % of revenue	24	25	24	23	23	25	24	23	22
Capital employed as a % of revenue	55	56	54	53	53	57	55	54	55
Net debt	2,241	2,475	2,153	2,475	2,717	3,237	2,737	2,545	2,675
Shareholders' equity	3,914	3,837	3,880	3,595	3,371	3,341	3,446	3,397	3,214
Key ratios
Net debt/EBITDA	1.21	1.37	1.23	1.43	1.62	1.94	1.70	1.62	1.75

1) Earnings Before Interest, Taxes, Amortization of acquisitions-related intangible fixed assets, Acquisition-related costs and revenue and Items affecting comparability.

STATEMENT OF INCOME – BY QUARTER

		2013		2012			2011
SEK m	Jul–Sep		Apr–Jun Jan–Mar Oct–Dec				Jul–Sep Apr–Jun Jan–Mar Oct–Dec		Jul–Sep
Revenue, continuing operations	2,897	2,832	2,668	2,798	2,734	2,787	2,665	2,723	2,681
Revenue, acquisitions	–	–	38	55	53	111	158	158	201
Total revenue	2,897	2,832	2,706	2,852	2,788	2,898	2,822	2,881	2,882
Production expenses	–2,209	–2,172	–2,111	–2,150	–2,131	–2,278	–2,222	–2,223	–2,243
Gross income	688	660	595	702	657	620	600	659	639
Selling and administration expenses	–378	–384	–378	–393	–384	–395	–388	–393	–367
Operating income (EBITA)1)	311	276	218	310	272	225	212	266	273
Amortization of acquisition-related intangible assets	–7	–7	–7	–7	–8	–7	–6	–7	–6
Acquisition-related costs and revenue2)	–0	–7	36	30	–14	–30	–5	–6	–5
Items affecting comparability	–	–143)	–	–	–	164)	–	95)	–
Operating income (EBIT)	303	248	247	333	251	204	201	262	262
Net financial items	–9	–13	–13	–11	–18	–16	–11	–15	–15
Income before taxes	294	236	234	321	234	188	190	247	247
Income tax	–87	–69	–69	–99	–70	–56	–57	–67	–82
Net income for the period6)	207	166	165	222	164	131	133	180	165
KEY RATIOS
Real growth, %	4	2	–1	2	0	3	9	8	9
Organic growth, %	4	2	–2	0	–2	–1	3	2	1
Gross margin, %	23.8	23.3	22.0	24.6	23.6	21.4	21.3	22.9	22.2
Selling and administration expenses as % of total revenue	–13.0	–13.5	–14.0	–13.8	–13.8	–13.6	–13.7	–13.6	–12.7
Operating margin (EBITA), %	10.7	9.8	8.0	10.9	9.8	7.8	7.5	9.2	9.5
Tax rate, %	29	29	29	31	30	30	30	27	33
Net margin, %	7.2	5.9	6.1	7.8	5.9	4.5	4.7	6.3	5.7
Earnings per share before dilution (SEK)	2.76	2.21	2.24	3.04	2.24	1.80	1.82	2.47	2.26

1) Earnings Before Interest, Tax, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue and Items affecting comparability.

2) Acquisition-related costs and revenue for the period January - September 2013, refer to transaction costs of SEK –5 million (–7), restructuring costs of SEK –6 million (–42) and integration costs of SEK –1 million (0) as well as a repayment installment of the purchase price attributable to the cash handling operations of Pendum in the amount of SEK 41 million (0). Transaction costs for the period January – September 2013 amount to SEK 0 million for acquisitions in progress, to SEK –5 million for completed acquisitions and to SEK 0 million for discontinued acquisitions. 3) Items affecting comparability, SEK –14 million is to a large extent attributable to a write-down of book values in an operation within the European segment.

4) Items affecting comparability refers to a reversal of part of the provision of SEK 59 million which was made in 2007, attributable to overtime compensation in Spain. In total, SEK 25 million has been reversed.

5) Items affecting comparability refers to a reversal of part of the provision of SEK 59 million which was made in 2007, attributable to overtime compensation in Spain.

6) Net income for the period is entirely attributable to the owners of the Parent Company.

BALANCE SHEET – BY QUARTER

		2013	2012					2011
SEK m	Sep 30	Jun 30	Mar 31	Dec 31	Sep 30	Jun 30	Mar 31	Dec 31	Sep 30
ASSETS
Fixed assets
Goodwill	3,296	3,414	3,291	3,317	3,310	3,505	3,360	3,281	3,276
Acquisition-related intangible assets	131	142	144	153	159	172	163	155	163
Other intangible assets	90	91	88	93	86	77	87	82	75
Tangible fixed assets	2,779	2,807	2,711	2,865	2,822	2,919	2,891	2,887	2,789
Non interest-bearing financial fixed assets1)	399	352	374	414	409	463	440	458	407
Interest-bearing financial fixed assets1)	71	86	67	66	65	63	143	65	60
Total fixed assets	6,766	6,892	6,674	6,907	6,850	7,198	7,084	6,927	6,768
Current assets
Non interest-bearing current assets	1,846	1,889	1,765	1,689	1,849	2,006	1,965	1,728	1,831
Interest-bearing financial current assets	19	3	1	10	17	3	7	1	1
Liquid funds	388	243	620	380	264	211	298	413	317
Total current assets	2,253	2,135	2,386	2,079	2,130	2,220	2,270	2,142	2,149
TOTAL ASSETS	9,020	9,027	9,060	8,986	8,980	9,417	9,354	9,069	8,917
SHAREHOLDERS' EQUITY AND LIABILITIES
Shareholders' equity2)	3,914	3,837	3,880	3,595	3,371	3,341	3,446	3,397	3,214
Long-term liabilities
Interest-bearing long-term liabilities1)	2,042	2,088	2,457	2,883	3,035	3,461	3,016	2,998	2,995
Non interest-bearing provisions1)	590	598	639	663	621	605	611	642	600
Total long-term liabilities	2,632	2,686	3,096	3,547	3,655	4,067	3,626	3,640	3,595
Current liabilities
Tax liabilities	88	89	86	74	214	176	192	169	150
Non interest-bearing current liabilities	1,708	1,696	1,615	1,722	1,710	1,782	1,920	1,837	1,901
Interest-bearing current liabilities	677	719	383	48	29	52	169	25	58
Total current liabilities	2,473	2,503	2,084	1,845	1,954	2,010	2,281	2,032	2,108
TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES	9,020	9,027	9,060	8,986	8,980	9,417	9,354	9,069	8,917
KEY RATIOS
Return of shareholders' equity, %	19	19	18	18	18	18	16	15	14
Return of capital employed, %	18	17	17	17	16	15	15	15	15
Shareholders' equity per share, SEK	52.00	50.97	51.54	47.57	44.62	44.21	45.61	44.96	42.53
Equity ratio, %	43	43	43	40	38	35	37	37	36

1) As of the beginning of the 2013 financial year the defined benefit pension obligation is included in net debt. To reflect this change the comparative figures have been adjusted.

2) Shareholders' equity is entirely attributable to the owners of the Parent Company.

CASH FLOW – BY QUARTER

		2013		2012				2011
SEK m		Jul–Sep Apr–Jun Jan–Mar Oct–Dec				Jul–Sep Apr–Jun Jan–Mar Oct–Dec			Jul–Sep
Additional information
Operating income (EBITA)1)	311	276	218	310	272	225	212	266	273
Depreciation	190	187	186	179	181	183	173	169	169
Change in accounts receivable	32	–63	–5	51	16	34	–47	54	–28
Change in other operating working capital and other items	17	3	–256	–5	116	–174	–120	69	68
Cash flow from operating activities before investments	549	403	143	534	585	269	219	557	482
Investments in fixed assets, net	–181	–192	–86	–222	–223	–142	–161	–323	–205
Cash flow from operating activities	368	211	57	313	362	127	58	234	277
Financial items paid and received	–11	–10	–15	–11	–26	–8	–18	–8	–21
Income tax paid	–131	–88	–31	–70	–9	–97	–76	–45	–43
Free cash flow	227	112	11	232	328	22	–36	181	213
Cash flow effect of items affecting comparability	–1	–1	–0	–0	–3	–7	–0	–0	–0
Acquisition of operations2)	–3	–5	–2	–3	–7	–76	–203	–13	–6
Acquisition-related costs and revenue, paid and received3)	–0	–1	41	29	–9	–29	–1	–0	–6
Dividend paid	–	–338	–	–	–	–273	–	–	–
Repayments of leasing liabilities	–6	–9	–9	–0	–7	–5	–9	–3	–4
Change in interest-bearing net debt excl. liquid funds	–63	–142	201	–142	–237	274	139	–65	–60
Cash flow for the period	154	–385	242	116	64	–94	–110	100	137
KEY RATIOS
Cash flow from operating activities as % of operating income (EBITA)	119	76	26	101	133	56	27	88	102

1) Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue and Items affecting comparability.

2) Acquisition of operations includes the cash flow effect of acquisition-related costs.

3) Refers to acquisition-related restructuring and integration costs. During the first quarter of 2013 and the fourth quarter of 2012 repayment installments of the purchase price for Pendum's cash

handling operations were received in the amounts of SEK 41 million and SEK 33 million respectively.

KEY RATIOS

	2013	2012	2013	2012	2012	2011	R12
	Jul–Sep	Jul–Sep	Jan–Sep	Jan–Sep	Full year	Full year
Real growth, %	4	0	2	4	3	7	2
Organic growth, %	4	–2	1	0	0	1	1
Total growth, %	4	–3	–1	5	4	–1	–1
Operating margin (EBITA), %	10.7	9.8	9.5	8.3	9.0	8.3	9.9
Earnings per share before dilution, SEK	2.76	2.24	7.21	5.86	8.90	7.03	10.24
Shareholders' equity per share, SEK	52.00	44.62	52.00	44.62	47.57	44.96	52.00
Cash flow from operating activities as % of operating income (EBITA), %	119	133	79	77	84	77	85
Cash flow from operations per share, SEK	5.40	7.12	10.70	10.45	16.40	15.92	16.67
Return of shareholders' equity, %	19	18	19	18	18	15	19
Equity ratio, %	43	38	43	38	40	37	43
Return on capital employed, %	18	16	18	16	17	15	18
Net debt, SEK m	2,241	2,717	2,241	2,717	2,475	2,545	2,241

Definitions

Operating income (EBITA)

Earnings Before Interest, Taxes, Amortization of acquisitionrelated intangible fixed assets, Acquisition-related costs and revenue and Items affecting comparability.

Operating margin (EBITA), %

Earnings Before Interest, Taxes, Amortization of acquisitionrelated intangible fixed assets, Acquisition-related costs and revenue and Items affecting comparability, as a percentage of revenue.

Operating income (EBITDA)

Earnings Before Interest, Taxes, Depreciation, Amortization of acquisition-related intangible fixed assets, Acquisitionrelated costs and revenue and Items affecting comparability.

Operating income (EBIT)

Earnings Before Interest and Tax.

Real growth, %

Increase in revenue for the period, adjusted for changes in exchange rates, as a percentage of the previous year's revenue.

Organic growth, %

Increase in revenue for the period, adjusted for acquisition/ divestitures and changes in exchange rates, as a percentage of the previous year's revenue adjusted for divestitures.

Total growth, %

Increase in revenue for the period as a percentage of the previous year's revenue.

Net margin

Net income for the period after tax as a percentage of total revenue.

Earnings per share before dilution

Net income for the period in relation to the average number of outstanding shares during the period. The average number of outstanding shares includes treasury shares which, according to agreements, will be allotted to employees in the future.

Calculation for:

Jul –Sep 2013: 207/75,278,357 x 1,000,000 = 2.76 Jul –Sep 2012: 164/73,011,780 x 1,000,000 = 2.24 Jan –Sep 2013: 539/74,692,924 x 1,000,000 = 7.21 Jan –Sep 2012: 428/73,011,780 x 1,000,000 = 5.86

Earnings per share after dilution

Calculation for:

Jul –Sep 2013: 207/75,279,829 x 1,000,000 = 2.76 Jul–Sep 2012: 164/75,566,780 x 1,000,000 = 2.17 Jan –Sep 2013: 539/75,279,829 x 1,000,000 = 7.15 Jan –Sep 2012: 428/75,566,780 x 1,000,000 = 5.66

Cash flow from operations per share

Cash flow for the period from operations in relation to the number of shares after dilution.

Shareholders' equity per share

Shareholders' equity in relation to the number of shares after dilution.

Cash flow from operating activities as % of operating income (EBITA)

Cash flow for the period before financial items, income tax, items affecting comparability, acquisitions and divestitures of operations and financing activities, as a percentage of operating income (EBITA).

Return on equity

Net income for the period (rolling 12 months) as a percentage of the closing balance of shareholders' equity.

Return on capital employed, %

Operating income (EBITA) (rolling 12 months) as a percentage of the closing balance of capital employed.

Net debt

Interest-bearing liabilities less interest-bearing assets and liquid funds.

R12

Rolling 12-months period (October 2012 up to and including September 2013).

Other

Amounts in tables and other combined amounts have been rounded off on an individual basis. Minor differences due to this rounding-off, may, therefore, appear in the totals.

Loomis in brief

Vision

Loomis' vision is to be the undisputed specialist at managing cash in society.

Business concept

Loomis' business concept is to create the most efficient flow of cash in society.

Strategies and Operational goals

Strategies

Cost effectiveness

• Price Price increase percentages to exceed wage increase percentages.
• Branch 85 percent of the branches to be profitable.
• Risk The cost of risk management to be below 4 percent of revenue.

Expansion

• Be number 1 or 2 in every market where Loomis operates.
• Controlled, acquisition-based expansion into new countries.
• Stronger market position in existing countries.

Product mix

• At least 30 percent of revenue to come from Cash Management Services.

Operational goals

• Good profitability and sustainable growth.

Loomis offers safe and effective comprehensive solutions for the distribution, handling and recycling of cash for banks, retailers and other commercial companies via an international network of almost 400 branches in 16 countries. The Group has 20,000 employees and annual revenue of SEK 11 billion. Loomis is a Mid-Cap listed company on the NASDAQ OMX Stockholm.

Information meeting

An information meeting will be held on November 6, 2013 09:30 a.m. (CEST). This meeting will be held at Hallvarsson & Halvarsson, Sveavägen 20, Stockholm.

To listen to the meeting proceedings by telephone (and to participate in the question and answer session), please register in advance by using the following link: https://eventreg2.conferencing.com/webportal3/reg.html?Acc=007175&Conf=214007 and follow the instructions, or by calling +46 (0)8 505 201 14 or +44 (0)207 1620 177 or +1 334 323 6203.

The meeting can also be viewed online at www.loomis.com/investors/reports&presentations

A recording of the webcast will be available at www.loomis.com/investors/ reports&presentations after the information meeting, and a telephone recording of the meeting will be available until midnight on November 20, 2013 on telephone number +46(0)8 505 203 33, +44 (0)20 7031 4064 and + 1 954 334 0342, access code 937875.

Future reporting

Year-end report	January – December	February 4, 2014
Interim report	January – March	May 6, 2014
Interim report	January – June	July 31, 2014
Interim report	January – September	November 6, 2014

Loomis' Annual General Meeting will be held on Tuesday, May 6, 2014 in Stockholm. Annual Report for 2014 will be available on www.loomis.com in April 2014.

For further information

Jarl Dahlfors, CEO +46 (0)70 607 20 51, e-mail: jarl.dahlfors@loomis.com Anders Haker, CFO +46 (0)70 810 85 59, e-mail: anders.haker@loomis.com Questions can also be sent to: ir@loomis.com. Refer also to the Loomis website: www.loomis.com

Loomis AB discloses information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. This information was submitted for publication on Wednesday, November 6, 2013 at 8.00 a.m. (CET).

Loomis AB (publ.) Corporate Identity Number 556620-8095, PO Box 702, SE-101 33 Stockholm, Sweden Telephone: +46 8-522 920 00, Fax: +46 8-522 920 10 www.loomis.com