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

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STOCKHOLM, July 15, 2022 /PRNewswire/ —

Second quarter 2022

  • Second quarter net sales were SEK2,980 (2,445) million. Organic growth was 9% and growth from acquisitions 11%, while currency effects were 2%.
  • Adjusted EBITA increased by 3% to reach SEK172 (167) million and the operating margin was 5.8 (6.8) percent.
  • EBIT was SEK119 (119) million. Profit after tax was SEK 79 (81) million.
  • Earnings per share were SEK0.8 (0.8).
  • The cash conversion for the most recent 12 month period was 97 (94) percent.
  • Leverage to Adjusted EBITDA was 2.0 (1.7).

First semester (January-June 2022)

  • Net sales for the first half amounted to SEK5,935 (4,775) million. Organic growth was 10% and growth from acquisitions 12%, while currency effects were 2%.
  • Adjusted EBITA increased by 17% to reach SEK359 (306) million and the operating margin was 6.0 (6.4) percent.
  • EBIT was SEK242 (203) million. Profit after tax was SEK164 (134) million.
  • Earnings per share were SEK1.7 (1.4).

SUMMARY OF GROUP RESULTS


Apr-June


Jan-June


Rolling

Jan-Dec


2022

2021


2022

2021


12 months.

2021

Net sales, SEK million

2,980

2,445


5,935

4,775


11,264

10 104

Organic growth, %

9

8


ten

0


8

3

Earned growth, %

11

1


12

1


8

3

Effects FX, %

2

-1


2

-1


1

0

Adjusted EBITA, SEK millions

172

167


359

306


683

631

Adjusted EBITA margin, %

5.8

6.8


6.0

6.4


6.1

6.2

EBIT, SEK million

119

119


242

203


442

403

Income for the period, SEK m

79

81


164

134


295

265

Cash conversion, %

30

ten


54

48


97

98

Earnings per share, SEK

0.8

0.8


1.7

1.4


3.1

2.8

Invitation to a press and analyst presentation

On July 15, 2022 at 9:00 a.m. ESTthe company’s president and chief financial officer will present on second quarter developments via webcast.

To participate in the webcast, please register in advance using the following link:

https://onlineexperiences.com/Launch/QReg/ShowUUID=BBCF7B41-A72D-4EC9-B4A1-6E272101C87A

To listen to the presentation by phone, dial +46850558354 (Sweden) +4723963688 (Norway), +4582333194 (Denmark), +358981710521 (Finland) or +443333009266 (UK).

The information material and a recording of the webcast will be posted on the company’s website. www.coor.comInvestors/Reports and presentations section, after the briefing.

Financial Calendar

October 27, 2022 Interim report January-September 2022

February 9, 2023 Interim report January-December 2022

26 April 2023 Interim report January-March 2023

14 July 2023 Interim report January-June 2023

For more information

For any questions regarding the financial report, please contact our Chief Financial Officer and Director of Investor Relations Klas Elmberg (+46 10 559 65 80)

For questions regarding 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 is information that Coor Service Management Holding AB is required to publish under the EU Market Abuse Regulation and the Swedish Securities Market Act. The information has been submitted for publication through the above contact person on July 15, 2022 at 7:30 a.m. CEST.

As the leading provider of facilities management services, Coor aims to create the happiest, healthiest and most prosperous work environments in the Nordic region. Coor offers specialized expertise in workplace services, real estate services and strategic consulting services. Coor creates value by executing, growing and streamlining our customers’ service activities. This allows our customers to do what they do best.

Coor’s customer base includes many large and small companies and public sector organizations throughout the Nordic region, including ABB, Aibel, Danish Building and Real Estate Agency, DNV-GL, DSB, Ericsson, Equinor, ICA , Karolinska Solna University Hospital, Danish Police, Public Prosecution and Prison and Probation Service, PostNord, Saab, Sandvik, SAS, Skanska, Telia Company, 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, vis-à-vis its customers, employees and shareholders, as well as for its wider impact on society and the environment. Read more on www.coor.com

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

https://news.cision.com/coor/r/interim-report-january—june-2022-coor-service-management-holding-ab,c3601783

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