Financial information

Group Three-year summary (MSEK)

2009

2008

2007

5,906

5,740

4,597

3%

25%

23%

318.6

348.8

261.1

5.4%

6.1%

5.7%

561.2

220.1

162.9

4,279

4,053

3,668

The financial year 2009 In brief

• A number of partnerships with new customers began in the year,
  including Statoil (Norway), Ernst & Young (Denmark), Vasakronan
  (Sweden), Gävleborg County Council (Sweden), Sapa (Sweden) and
  Jones Lang LaSalle (Sweden). Coor also made a number of strategic
  corporate acquisitions, notably of decontamination services companies Smedsrud & Sønner and Bygg-Nor (Norway). New contracts including completed acquisitions equate to total annual sales of some SEK 995 m.
   
• All major contracts that expired in the financial year were extended,
  with customers including E.On (Sweden), AB Volvo (Sweden) and
  Östergötland County Council (Sweden). Extended contracts have total
  annual sales of some SEK 500 m.
   
• Cyclically reduced sales from existing customers were offset by higher volumes from new contracts signed in 2008 and 2009, and accordingly, net sales rose by 2.9% to SEK 5,906 (5,740) m.
   
• EBITA was SEK 318.6 (348.8) m, a -8.7% change. The year-on-year earnings changes are mainly explained by investments in increased business and services development resources at group level, in Norway and Denmark, in the second half-year 2008.
   
• Operating cash flow was SEK 561.2 (220.1) m. The change is mainly
  due to a significant reduction of the group’s working capital.

 
Financial information for Coor Service Management Group AB (corporate identity number 556739-7665), parent company of the Coor Service Management Group AB Group, for the financial year 2009 and 2008. Year-2007 earnings and cash flow figures are pro forma for the merged consolidated accounts of Coor Service Management Group AB and Coor Service Management Invest AB (former parent company of Coor Group).