Interim Report, January - September 2019, Coor Service Management Holding AB

STOCKHOLM, Nov. 7, 2019 /PRNewswire/ --

Third quarter of 2019

    --  Net sales increased by 5 per cent in the third quarter to SEK 2,490
        (2,369) million. Organic growth was 5 per cent and growth from
        acquisitions 0 per cent, while foreign exchange effects accounted for 1
        per cent of the increase.
    --  Adjusted EBITA increased by 25 per cent to SEK 127 (102) million and the
        operating margin was 5.1 (4.3) per cent.
    --  EBIT was SEK 70 (37) million. Profit after tax was SEK 40 (22) million.
    --  Earnings per share were SEK 0.4 (0.2).
    --  Operating cash flow was SEK 118 (54) million.

The period January - September 2019

    --  Net sales for the full period increased by 10 per cent and amounted to
        SEK 7,581 (6,876) million. Organic growth was 6 per cent and growth from
        acquisitions 3 per cent, while foreign exchange effects accounted for 1
        per cent of the increase.
    --  Adjusted EBITA increased by 12 percent to SEK 398 (355) million. The
        operating margin was 5.2 (5.2) per cent.
    --  EBIT was SEK 224 (164) million. Profit after tax was SEK 127 (62)
        million.
    --  Earnings per share were SEK 1.3 (0.6).
    --  Operating cash flow was SEK 280 (71) million.

"Substantial increase in operating profit, strong cash flow and acquisition of Norrlands Miljövard" Mikael Stöhr, President and CEO, Coor



            
              GROUP EARNINGS SUMMARY             Jul-Sep             Jan-Sep         Rolling       Full year

    ---


            
               (SEK m)                2019  2018          2019  2018         12 mth.         2018

    ---


            Net sales                         2,490 2,369         7,581 6,876          10,194         9,489


    Organic growth, %                            5    10             6    11               7            10


    Acquired growth, %                           0    13             3     9               5            10


    FX effects, %                                1     5             1     3               2             3



            Adjusted EBITA                      127   102           398   355             533           490


    Adjusted EBITA margin, %                   5.1   4.3           5.2   5.2             5.2           5.2



            EBIT                                 70    37           224   164             279           219



            Income for the period                40    22           127    62             170           104



            Operating cash flow                 118    54           280    71             563           354



            Earnings per share, SEK             0.4   0.2           1.3   0.6             1.8           1.1

Invitation to a press and analyst presentation

On 7 November, at 10:00 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/1919067-1/155C74AD2B2651C414085D1BE228E480?partnerref=rss-events

To listen to the presentation by telephone, dial +46850558355 (Sweden), +4723500236 (Norway), +4578150109 (Denmark), +358981710521 (Finland) or +443333009032 (UK).

The briefing material and a recording of the webcast will be published on the company's website www.coor.se, under Investors/Reports and presentations, after the briefing.

Financial calendar

Interim Report January-December 2019 12 February 2020

Interim Report January-March 2020 28 April 2020

Interim Report January-June 2020 17 July 2020

Interim Report January-September 2020 4 November 2020

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 Mikael Stöhr, President and CEO (+46 10 559 59 35) or Magdalena Öhrn, Director of Communications (+46 10 559 55 19).

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

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 7 November 2019, at 7:30 a.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, property services 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. This includes property, cleaning, restaurants, security, and mail and reception services. Coor's customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, Aibel, Det Norske Veritas, E.ON, Ericsson, Equinor, ICA, NCC, Politiet (Danish Police), Saab, Sandvik, SAS, Telia Company, Swedish Transport Administration, Vasakronan, Volvo Cars and Volvo Group.

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

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/coor/r/interim-report--january---september-2019--coor-service-management-holding-ab,c2955853

The following files are available for download:



     
     https://mb.cision.com/Main/8962/2955853/1137195.pdf Coor Interim Report, January
                                                             -September 2019

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SOURCE Coor