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Loomis Fargo & Co.: Making Money Move, Efficiently
By John McCormick
2005-11-08
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Loomis Fargo & Co.: Making Money Move, Efficiently - ' Vital Stats' (
Page 5 of 5 ) : Loomis, Fargo & Co.">
Headquarters: 2500 CityWest Blvd., Houston, TX 77042
Phone: (713) 435-6700
Business: Armored-car transport, ATM services and cash processing.
Chief Business Executive: Clas Thelin, chief executive officer
Chief Technology Executive: John Jordan, vice president of information technology
Financials: $499 million (3.65 million Swedish kronor) in 2004, compared to $462.2 million
(3.7 million Swedish kronor) in 2003.
Challenge: Build revenue from cash processing; minimize inefficiencies in the nation's handling of cash.
BASELINE GOALS*:
- Boost organic sales growth (excludes impact of acquisitions, divestitures and foreign exchange) to 12% in 2005, from 5% in 2004.
- Improve operating margin to 15% in 2005, from 7.1% in 2004.
- Increase operating capital employed as a percent of sales to 40% in 2005, from 25% last year.
- Pump up return on total capital employed to more than 20% in 2005, from 14% in 2004.
*Securitas 2001 Annual Report
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