Cash management company Loomis is making a goodwill impairment of approximately SEK 320 million in the fourth quarter of this year. According to the company, the impairment will not affect cash flow.
It is the ATM business in the UK that has affected the future forecast, according to a press release.
In addition, Loomis is setting aside SEK 40 million in the fourth quarter due to a legal dispute that has been ongoing in Denmark since 2018.
The write-down and provision will be booked as an item affecting comparability in the Europe and Latin America segments for the fourth quarter and will not affect revenue or operating profit, according to Loomis.
