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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 2023  Interim Report January–December 2022

26 April 2023  Interim Report January–March 2023

14 July 2023  Interim Report January–June 2023

25 October 2023  Interim 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 10 559 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 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 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