As previously disclosed, in 2018 a competitor filed a lawsuit against
In 2021, a Danish court issued a ruling that went against Loomis. Loomis appealed the ruling since the company is of the firm opinion that Loomis has acted in compliance with relevant laws. Today, the court of appeal dismissed Loomis' appeal.
The court has in its decision not considered the question of damages, which will be addressed in a separate process. As previously disclosed, the competitor's total claim is approx.
Loomis is analyzing the court's decision and will evaluate the next steps.
This press release is also available on the company's website, www.loomis.com.
Jenny Boström
Head of Sustainability and IR
Mobile: +46 79 006 45 92
Email: jenny.bostrom@loomis.com
Loomis offers secure and effective comprehensive solutions for managing payments, including the distribution, handling, storage and recycling of cash and other valuables. Loomis' customers are mainly financial institutions and retailers. Loomis operates through an international network of around 400 branches in more than 20 countries. Loomis employs around 25,000 people and had revenue in 2023 of more than
This information is information that
https://news.cision.com/loomis-ab/r/danish-court-rules-against-loomis,c3950697
https://mb.cision.com/Main/51/3950697/2689613.pdf
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