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As previously disclosed, in 2018 a competitor filed a lawsuit against Loomis AB's subsidiary in Denmark relating to alleged competition law infringements in the Danish market. The lawsuit relates to practices applied and agreements entered into between 2014 and 2016.
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. DKK 228 million plus interest. Loomis' assessment is that the competitor does not have grounds for the size of these claims.
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.