Loomis AB
Company Profile
Business description
Loomis AB is a Sweden-based company mainly engaged in cash handling services, which include cash in transit, or CIT, and cash management services, or CMS. CIT involves transporting cash to and from stores, banks and ATMs. CMS involves moving cash from customers to Loomis' cash centers where Loomis counts and packages bills and coins with quality assurance. CMS also involves cash flow analyzing, forecasting, and reporting, as well as other customized solutions. Besides CIT and CMS, Loomis also provides cross-border transportation services and general cargo services. Its segments are Europe and Latin America, USA, and Loomis Pay. The company generates the majority of its revenue from the USA.
Contact
Drottninggatan 82
4th floor, P.O Box 702
Stockholm111 36
SWET: +46 852292000
Sector
Industrials
Stock type
Sensitive
Industry
Security & Protection Services
Fiscal Year End
31 December 2024
Employees
24,500
Morningstar Investment Ideas
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