Loomis AB (publ) (LOOMIS.ST) Stock Analysis & Winston Score

Loomis is a Swedish company that moves and manages physical cash for businesses around the world. Its main services include picking up cash from stores and banks, transporting it securely, and processing it so it can be put back into circulation. The company also provides ATM services and cash handling equipment, serving customers like retailers, banks, and restaurants. Loomis makes money by charging fees for each service — cash transport, counting, and ATM management — rather than selling products. It operates in roughly 20 countries across Europe, North America, and Latin America, employing around 25,000 people, making it one of the largest cash handling companies globally. Its moat comes from the high cost of building armored vehicle fleets and secure facilities, which makes it hard for new competitors to enter. The main long-term risk is the gradual decline in cash usage as digital payments grow in many of its key markets.