Interim Report, January - March 2020, Coor Service Management Holding AB
STOCKHOLM, April 28, 2020 /PRNewswire/ -- First quarter of 2020
-- Net sales in the first quarter amounted to SEK 2,541 (2,535) million.
Organic growth was -2 per cent and growth from acquisitions 2 per cent,
while exchange rate effects accounted for -1 per cent.
-- Adjusted EBITA amounted to SEK 122 (131) million and the operating
margin was 4.8 (5.2) per cent.
-- EBIT was SEK 61 (77) million. Profit after tax was SEK 31 (43) million.
-- Earnings per share were SEK 0.3 (0.4).
-- Operating cash flow was SEK 184 (124) million.
-- Leverage in relation to adjusted EBITDA was 2.1 (2.2).
-- The spread of COVID-19 in the Nordic region escalated at the end of the
first quarter, which negatively impacted the company's sales and
operating profit. For a summary of the impact of and Coor's actions
linked to COVID-19, refer to page 3 in the report.
GROUP EARNINGS SUMMARY Jan-Mar
Rolling Full year
--- ---
12 mo. 2019
(SEK m) 2020 2019
--- ---
Net sales 2,541 2,535 10,319 10,313
Organic growth, % -2 10 2 5
Acquired growth, % 2 7 1 2
FX effects, % -1 2 0 1
Adjusted EBITA 122 131 541 549
Adjusted EBITA margin, % 4.8 5.2 5.2 5.3
EBIT 61 77 283 299
Income for the period 31 43 157 169
Operating cash flow 184 124 652 591
Earnings per share, SEK 0.3 0.4 1.6 1.8
See page 23 for definitions and calculations of key performance indicators. Items affecting comparability are presented in Note 3.
Invitation to a press and analyst presentation
On 28 April 2020 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://event.on24.com/wcc/r/2231150/2748EF0ACB3DBE86FC4F0DE155E0BDE9
To listen to the presentation by telephone, dial +46-850558366 (Sweden), +47-23963688 (Norway), +45-78150108 (Denmark), +35-8981710523 (Finland) or +44-3333009274 (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 2020 17 July 2020
Interim Report January-September 2020 4 November 2020
Interim Report January-December 2020 February 2021
Interim report January-March 2021 April 2021
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 28 April 2020, at 1:00 p.m. CEST.
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. 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
For further information, contact:
For questions concerning the financial report:
Klas Elmberg
CFO and Director of Investor Relations
+46-10-559-6580
For questions concerning the operations or the company in general:
Mikael Stöhr
President and CEO
+46-10-559-59-35
Magdalena Öhrn
Director of Communications
+46-10-559-55-19
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
https://mb.cision.com/Main/8962/3098908/1237918.pdf Interim Report, January-
March 2020, Coor
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SOURCE Coor
