Interim Report, January–March 2022 Coor Service Management Holding AB

First quarter of 2022

• Net sales in the first quarter amounted to SEK 2,955 (2,330) million. Organic growth was 11 per cent and growth from acquisitions 13 per cent, while exchange rate effects accounted for 3 per cent.
• Adjusted EBITA increased by 35 per cent to SEK 187 (139) million and the operating margin was 6.3 (6.0) per cent.
• EBIT was SEK 123 (84) million. Profit after tax was SEK 84 (53) million.
• Earnings per share were SEK 0.9 (0.6).
• Cash conversion for the most recent 12-month period amounted to 93 (98) per cent.
• Leverage in relation to adjusted EBITDA was 1.7 (1.5).

 

“Strong start to the year”

    AnnaCarin Grandin, President and CEO, Coor

 

GROUP EARNINGS SUMMARY

	Jan-Mar			Rolling	Jan-Dec
	2022	2021		12 mth.	2021
Net sales, SEK m	2,955	2,330		10,728	10,104
Organic growth, %	11	-7		8	3
Acquired growth, %	13	0		6	3
FX-effects, %	3	-2		1	0
Adjusted EBITA, SEK m	187	139		679	631
Adjusted EBITA-margin, %	6.3	6.0		6.3	6.2
EBIT, SEK m	123	84		442	403
Income for the period, SEK m	84	53		296	265
Cash conversion, %	75	91		93	98
Earnings per share, SEK	0.9	0.6		3.1	2.8

 

 

Invitation to a press and analyst presentation

On 29 April 2022 at 2:00 p.m. CEST, the company’s President and CFO will give a presentation on developments in the first quarter via a webcast. To participate in the webcast, please register in advance using the following link:

https://onlinexperiences.com/Launch/QReg/ShowUUID=C6B47941-F472-4DEC-BC23-D136DC7D7AE1

 

To listen to the presentation by telephone, dial +46850558351 (Sweden), +4723963688 (Norway), +4578150108 (Denmark), +358923194478 (Finland) or +443333009266 (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

Interim report January – June 2022  15 July 2022

Interim report January – September 2022 27 October 2022 

Interim report January – December 2022 9 February 2023 

Interim report January – March 2023 April 2023

 

 

For further information

For questions concerning the financial report, please contact our CFO and Director of Investor Relations Klas Elmberg (+46 10 559 65 80).

 

For questions concerning the operations or the company in general, please contact AnnaCarin Grandin, President and CEO (+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 persons on 29 April 2022, at 13:00 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, AB Volvo, Aibel, DNV-GL, DSB, Ericsson, Equinor, ICA, Karolinska University Hospital Solna, “Danish Police, Public Prosecution Authority and Prison and Probation Service”, Postnord, Saab, Sandvik, SAS, Telia Company, 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