November 4, 2016 / 8:47 AM / 2 years ago

BRIEF-Cash handler Loomis CEO expects no Brexit effect on operations in UK

Nov 4 (Reuters) - Cash handling company Loomis AB CEO Patrik Andersson to Reuters:

* Expects no Brexit effect on operations in UK and has seen positive effect on international operation, UK to remain an important market

* Newly signed UK contracts will compensate for the lost contracts which hit Q3 organic growth

* Says newly signed UK contracts will fully compensate “in the coming months”

* Acquisitions very important part of business, looking primarily at cash handling firms with turnover of 50-100 mln SEK and upwards, including larger acquisitions than those made in recent years

* Primarily looking at Latin America for acquisitions in new markets, also looking to enter Asia

* Could also enter “blank spots” in Europe Further company coverage: (Reporting By Anna Ringstrom)

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