Interim Report January - September 2021, Coor Service Management Holding AB

STOCKHOLM, Nov. 9, 2021 /PRNewswire/ -- Third quarter of 2021

• Net sales in the third quarter amounted to SEK 2,428 (2,297) million. Organic growth was 5 per cent and growth from acquisitions 1 per cent, while exchange rate effects accounted for 0 per cent.
• Adjusted EBITA increased by 8 per cent to SEK 150 (140) million and the operating margin was 6.2 (6.1) per cent.
• EBIT was SEK 105 (89) million. Profit after tax was SEK 69 (58) million.
• Earnings per share were SEK 0.7 (0.6).
• Cash conversion for the most recent 12-month period amounted to 94 (123) per cent.
• Leverage in relation to adjusted EBITDA was 1.6 (1.8).

January-September 2021 period

• Net sales for the full period amounted to SEK 7,203 (7,102) million. Organic growth was 2 per cent and growth from acquisitions 1 per cent, while exchange rate effects accounted for -1 per cent.
• Adjusted EBITA increased by 13 per cent to SEK 456 (403) million and the operating margin was 6.3 (5.7) per cent.
• EBIT was SEK 308 (236) million. Profit after tax was SEK 203 (141) million.
• Earnings per share were SEK 2.1 (1.5).

GROUP EARNINGS SUMMARY

Invitation to a press and analyst presentation

On 9 November 2021, at 10:00 a.m. CET, the company's President and CFO will give a presentation on developments in the third quarter via a webcast.

To participate in the webcast, please register in advance via the following link:

https://onlinexperiences.com/Launch/QReg/ShowUUID=B0067591-74D5-44FF-8917-B2923FBD886C

To listen to the presentation by telephone, dial +46850558353 (Sweden), +4723500236 (Norway), +4578150110 (Denmark), +358923194478 (Finland) or +443333009266 (UK).

The briefing material and a recording of the webcast will be published on the company's website www.coor.com, under Investors/Reports and presentations, after the briefing.

Financial calendar

10 February 2022  Interim Report January-December 2021

29 April 2022     Interim Report January-March 2022

15 July 2022     Interim Report January-June 2022

10 November 2022 Interim Report January-September 2022

For further information

For questions concerning the financial report, please contact our CFO and Director of Investor Relations Klas Elmberg (+46 10 559 65 80)

For questions concerning the operations or the company in general, please contact CEO AnnaCarin Grandin (+46 10 559 57 70) or Magdalena Öhrn, Director of Communications (+46 10 559 55 19).

More information is also available on our website: www.coor.com

This constitutes information which Coor Service Management Holding AB is required to publish under the EU's Market Abuse Regulation. The information was submitted for publication through the above contact person on 9 November 2021 at 7:30 a.m. CET.

As the leading provider of facility management services, Coor aims to create the happiest, healthiest and most prosperous workplace environments in the Nordic region. Coor offers specialist expertise in workplace services, property services and strategic advisory services. Coor creates value by executing, developing and streamlining our customers' service activities. This enables our customers to do what they do best.

Coor's customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, AB Volvo, Aibel, DNV-GL, Ericsson, Equinor, ICA, NCC, the Danish Police, Public Prosecution Authority and Prison and Probation Service, PostNord, Saab, Sandvik, SAS, Telia Company, the Swedish Transport Administration, Vasakronan and Volvo Cars.

Coor was founded in 1998 and has been listed on Nasdaq Stockholm since 2015. Coor takes responsibility for the operations it conducts, in relation to its customers, employees and shareholders, as well as for its wider impact on society and the environment. Read more at www.coor.com 

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SOURCE Coor