Interim Report, January – March 2017 - Coor Service Management Holding AB

First quarter 2017

• Net sales increased by 4 per cent in the first quarter, to SEK 1,930 (1,859) million. Organic growth excluding foreign exchange effects was 1 per cent.
• Adjusted EBITA increased by 7 per cent to SEK 119 (111) million and the operating margin expanded to 6.2 (6.0) per cent.
• EBIT was SEK 72 (65) million and the profit after tax SEK 52 (34) million.
• Earnings per share were SEK 0.5 (0.4).
• Operating cash flow was SEK 53 (-2) million.

 
“The beginning of 2017 has seen a stable improvement in earnings, continued strong cash flow and good market prospects throughout the Nordic region.”
Mikael Stöhr, vd och koncernchef, Coor
  

 
Invitation to press and analyst presentation
On 4 May, at 2 p.m. CET the company’s President and CFO will give a briefing on developments in the first quarter in a webcast. To participate in the webcast, please register in advance using the following link: http://edge.media-server.com/m/p/uisrdbmb. To listen to the presentation by telephone, dial +46 8 566 426 69 (Sweden), +47 23 50 02 53, (Norway), +45 35 44 55 75 (Denmark), +358 981 710 491 (Finland) or +44 203 008 98 07 (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 2017

 
More information and contact
For questions concerning the financial report, please contact Olof Stålnacke, CFO and IR Director (+46 10 559 59 20, olof.stalnacke@coor.com).

For other questions concerning the operations or the company, please contact President and CEO Mikael Stöhr (+46 10 559 59 35, mikael.stohr@coor.com) or Communications- and Sustainability Direcotor Åsvor Brynnel (+46 10 559 54 04, asvor.brynnel@coor.com). IR Coordinator: Sara Marin (+46 10 559 59 51, sara.marin@coor.com).

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

 
This constitutes information which Coor Service Management Holding AB (publ) is required to publish under the EU’s Market Abuse Regulation. The information was submitted for publication through the above contact person on 4 May 2017, at 1:30 p.m. CET. 

 
Coor is a leading provider of facility management services in the Nordics, focusing on integrated and complex service undertakings (IFM). Coor offers specialist expertise in workplace services (soft FM), property services (hard FM) and strategic advisory services for development of customers’ service activities. Coor creates value by executing, leading, developing and streamlining its customers’ service activities, ensuring that they provide optimal support to the core business over time. Coor’s customer base includes many large and small companies and public-sector organisations across the Nordic region, including AB Volvo, ABB, Aibel, Det Norske Veritas, E.ON, Ericsson, EY, NCC, Politiet (Danish Police), Saab, Sandvik, SAS, Skanska, Statoil, Telia, Swedish Transport Administration, Vasakronan and Volvo Cars.

Coor was founded in 1998 and is 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