Interim Report, January – September 2018, Coor Service Management Holding AB

Interim Report, January – September 2018, Coor Service Management Holding AB

Third quarter of 2018                                                                                                                              

  • Net sales increased by 28 per cent in the third quarter, to SEK 2,369 (1,853) million. Organic growth was 10 per cent and growth from acquisitions 13 per cent while foreign exchange effects accounted for 5 per cent of the increase.
  • Adjusted EBITA was SEK 102 (104) million and the operating margin 4.3 (5.6) per cent.
  • EBIT was SEK 37 (53) million and the profit after tax SEK 22 (33) million.
  • Earnings per share were SEK 0.2 (0.3).
  • Operating cash flow was SEK 54 (-16) million.

January – September 2018 

  • Net sales increased by 23 per cent in the January-September period, to SEK 6,876 (5,610) million. Organic growth was 11 per cent and growth from acquisitions 9 per cent while foreign exchange effects accounted for 3 per cent of the increase.
  • Adjusted EBITA was SEK 355 (343) million and the operating margin 5.2 (6.1) per cent.
  • EBIT was SEK 164 (197) million and the profit after tax SEK 62 (140) million.
  • Earnings per share were SEK 0.6 (1.5).
  • Operating cash flow was SEK 71 (186) million. 

~ Continued growth throughout the Nordic region and important contract extensions in place 

Mikael Stöhr,
President and CEO, Coor

GROUP EARNINGS SUMMARY* Jul - Sep Jan - Sep Rolling Full year
(SEK m) 2018 2017 2018 2017 12 mth. 2017
Net sales 2,369 1,853 6,876 5,610 8,988 7,722
Organic growth, % 10 7 11 4 10 6
Acquired growth, % 13 0 9 0 7 0
Adjusted EBITA 102 104 355 343 480 468
Adjusted EBITA-margin, % 4.3 5.6 5.2 6.1 5.3 6.1
EBIT 37 53 164 197 235 268
Income for the period 22 33 62 140 110 188
Operating cash flow 54 -16 71 186 378 492
Earnings per share, SEK 0.2 0.3 0.6 1.5 1.1 2.0

* The comparative figures for 2017 refer to continuing operations in the Group after the sale of the damage services business. See page 25 in the report for definitions and calculations of key performance indicators. Non-recurring items are presented in Note 3.
 

Invitation to a press and analyst presentation

On 24 October, at 9 a.m. CET, the company’s President and CFO will give a presentation on developments in

the third quarter in a webcast. To participate in the webcast, please register in advance using the following link: http://event.on24.com/wcc/r/1844394-1/29E50B3C03B301773837B92BF4141F51. To listen to the presentation by telephone, dial +46856642698 (Sweden), +4723500266 (Norway), +4582333178 (Denmark), +358981710492 (Finland) or +442030089810 (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 – December 2018                                     21 February 2019

Interim Report   January – March 2019                                           2 May 2019 

Interim Report   January – June 2019                                             18 July 2019

Interim Report   January – September 2019                                    October 2019

For more information

For questions concerning the financial report, please contact CFO and Director of Investor Relations Olof Stålnacke (+46 10 559 59 20).

For questions concerning the operations or the company, please contact Mikael Stöhr, President and CEO,

(+46 10 559 59 35) or Magdalena Öhrn, Director of Communications (+46 10 559 55 19).

IR Coordinator: Sara Marin (+46 10 559 59 51).

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 24 October 2018, at 7:30 a.m. CET. 

Coor is a leading provider of facility management services in the Nordic countries, 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 ABB, AB Volvo, Aibel, Det Norske Veritas, E.ON, Ericsson, EY, NCC, Politiet (Danish Police), Saab, Sandvik, SAS, Statoil, Telia Company, the Swedish Transport Administration, Vasakronan and Volvo Cars.

Established in 1998, Coor has been listed on the Nasdaq Stockholm exchange since June 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