Loomis continues to execute on its strategy and now takes a major step in the ambition to expand its presence across the value chain by launching
During 2020-2022, investments will be made in product development and other activities for
The solution will bring numerous benefits for Loomis's customers by reducing the number of required payment suppliers and improve simplicity. For example, improved cash flow as the customers will have the opportunity to have the value deposited on the bank account the business day following the transaction. These lead-times can currently be long and expensive. Additionally the merchant today needs to sign agreements with several suppliers to execute different types of payments, which
Loomis intends to launch
Loomis has evaluated the ideal technical solutions for
1) Earnings before interest, taxes and amortizations
"The launch of new digital payment solutions is a big and important step for Loomis. We will expand our service offerings to our customers and become a comprehensive supplier of all forms of payments. The market, which now opens up, is significant and we will have great use of the large network we already have when it comes to reaching out to our existing and future customers to launch
Presentation today at
Analysts and media are invited to participate in a telephone conference today,
The telephone conference will also be audio casted live via Loomis' website.
Conference call
To follow the conference call via telephone and participate in Q&A session please call;
Audio Cast
To follow the audio cast, please follow this link (https://digital.vevent.com/rt/fronto2~loomis-200909). The link is also available at our website, www.loomis.com (follow "Presentation
Presentation slides
Presentation slides will be available from
Go to www.loomis.com and follow "Presentation
Recorded version
A recorded version of the audio cast will be published at www.loomis.com (follow "Presentation
President and CEO
Mobile: +46 76 111 34 00
Email: patrik.andersson@loomis.com
Kristian Ackeby
CFO
Mobile: +46 70 569 69 98
Email: kristian.ackeby@loomis.com
Chief Investor Relations Officer
Mobile: +46 70 810 85 59
Email: anders.haker@loomis.com
Loomis offers safe and effective comprehensive solutions for the distribution, handling, storage and recycling of cash and other valuables. Loomis customers are banks, merchants and other companies. Loomis operates through an international network of more than 400 branches in more than 20 countries. Loomis employs around 25,000 people and had revenue in 2019 of
This information is information that
https://news.cision.com/loomis-ab/r/loomis-launches--loomis-pay--a-complete-payment-solution-for-cash--cards-and-other-digital-payments,c3191535
https://mb.cision.com/Main/51/3191535/1304637.pdf
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