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Loomis Fargo & Co.: Making Money Move, Efficiently - ' Vital Stats'

By John McCormick  |  Posted 2005-11-08 Print this article Print
 
 
 
 
 

The nation's No. 2 armored-car company wants to electronically manage cash for retailers, banks and the Fed—and boost revenue in the process. First, it needs to upgrade a system that's still largely based on human sweat and paper strips.


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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