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Coor receives payment from collectively bargained AGS group sickness insurance policy

Afa Försäkring has decided to make lump-sum payments of surpluses within the collectively bargained AGS group sickness insurance policy. For Coor Service Management Holding AB this is expected to have a positive impact on EBIT in the fourth quarter of 2021 of approx. SEK 40 M.

In June 2021, Afa Sjukförsäkringsaktiebolag’s board of directors resolved on a payment to certain employers within the collectively bargained AGS group sickness insurance policy. Underpinning the decision is a favorable trend on the stock market and previous changes to the group sickness insurance system in 2008, which has resulted in a strong financial position for Afa Försäkring.

 

Payment will be made to the employers that had previously received repayment of AGS premiums for the years 2004–2008 and which had a valid insurance contract in December 2020, when the Confederation of Swedish Enterprise and the Swedish Trade Union Confederation reached an agreement concerning the payment. This included Coor Service Management Holding AB, which has now been informed of the size of the payment. The payment expects to take place in November 2021.

 

Please find more information, images etc. at www.coor.com or contact:

 

AnnaCarin Grandin, President and CEO, Coor

+46 10 559 57 70

annacarin.grandin@coor.com

 

Klas Elmberg, CFO and IR Director, Coor

+46 10 559 65 80

klas.elmberg@coor.com

 

Magdalena Öhrn, Communications Director, Coor

+46 10 559 55 19

magdalena.ohrn@coor.com

 

This is information that Coor Service Management Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 am CET on 18 November 2021.

 

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