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2022-10-27

Interim Report January - September 2022,  Coor Service Management Holding AB

Interim Report January - September 2022, Coor Service Management Holding AB

Third quarter of 2022

  • Net sales in the third quarter amounted to SEK 2,766 (2,428) million. Organic growth was 1 per cent and growth from acquisitions 10 per cent, while exchange rate effects accounted for 3 per cent.
  • Adjusted EBITA amounted to SEK 122 (150) million and the operating margin was 4.4 (6.2) per cent.
  • EBIT was SEK 70 (105) million. Profit after tax was SEK 39 (69) million.
  • Earnings per share were SEK 0.4 (0.7).
  • Cash conversion for the most recent 12-month period amounted to 91 (94) per cent.
  • Leverage in relation to adjusted EBITDA was 1.8 (1.6).

January-September 2022 period

  • Net sales for the full period amounted to SEK 8,701 (7,203) million. Organic growth was 7 per cent and growth from acquisitions 11 per cent, while exchange rate effects accounted for 2 per cent.
  • Adjusted EBITA increased by 5 per cent to SEK 481 (456) million and the operating margin was 5.5 (6.3) per cent.
  • EBIT was SEK 312 (308) million. Profit after tax was SEK 203 (203) million.
  • Earnings per share were SEK 2.1 (2.1).

GROUP EARNINGS SUMMARY

Jul-Sep Jan-Sep Rolling Jan-Dec
2022 2021 2022 2021 12 mth. 2021
Net sales, SEK m 2,766 2,428 8,701 7,203 11,602 10,104
Organic growth, % 1 5 7 2 7 3
Acquired growth, % 10 1 11 1 10 3
FX-effects, % 3 0 2 -1 2 0
Adjusted EBITA, SEK m 122 150 481 456 655 631
Adjusted EBITA-margin, % 4.4 6.2 5.5 6.3 5.6 6.2
EBIT, SEK m 70 105 312 308 407 403
Income for the period, SEK m 39 69 203 203 265 265
Cash conversion, % 136 158 77 84 91 98
Earnings per share, SEK 0.4 0.7 2.1 2.1 2.8 2.8

Invitation to a press and analyst presentation

On 27 October 2022, at 10:00 a.m. CEST, the company's President and acting 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=717F54F7-127E-44B3-8D59-167A29788F78

To listen to the presentation by telephone, dial +46850558353 (Sweden), +4723963688 (Norway), +4578723251 (Denmark), +358923195172 (Finland) or +443333009267 (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

9 February 2023Interim Report January-December 2022

26 April 2023Interim Report January-March 2023

14 July 2023Interim Report January-June 2023

25 October 2023Interim Report January-September 2023

For further information

For questions concerning the financial report, please contact our Acting CFO and Director of Investor Relations Andreas Engdahl

(+46 10559 54 63)

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 10559 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 27 October 2022 at 7:30 a.m. CEST.

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, Aibel, the Danish Building and Property Agency, DNV-GL, DSB, Ericsson, Equinor, ICA, Karolinska University Hospital Solna, the Danish Police, Public Prosecution Authority and Prison and Probation Service, PostNord, Saab, Sandvik, SAS, Skanska, 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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